How To Borrow Money From Opay

Are you in need of quick financial assistance? No Wahala I’ve got you covered you can get a fast loan from Opay.

We’ll walk you through the simple steps to access fast and convenient loans using the Opay platform. 

Whether you’re an Iphone user looking for how to get an Opay loan on iPhone or how to borrow loan from Opay without BVN, how to borrow money from Opay for the first time; in this article, you’ll find all the information you need.

Eligibility requirements for opay loan

How To Borrow Money From Opay

Below are the Opay loan requirements:

1.  You must be a Nigerian citizen

2. You must have a registered opay account

3. You must link your BVN to your account

4. You must have a valid means of identification ( national ID, driver’s licence or passport)

5. You must have done atleast 5 transactions on the opay app

By meeting up all these eligibility requirements, then you’re good to go.

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How to borrow money from Opay Android and Iphone 

  • Go-to google Playstore or ios Appstore to download the Opay App.
  • Create an account and Log in to your Opay account on the mobile app.
  • Click on the “finance” tab at the bottom of the homepage.

Click  on the “loan” option.

  • Choose between Okash and Easemoni and proceed to download it.
  • fill the loan application form by providing all the necessary information including your name, phone number, and address.
  • Go with your current limit or enter the loan amount you want to borrow.
  • Review your loan application details and click on ‘submit’.
  • Once you have submitted your loan application, it will be reviewed and you will be notified of the loan’s approval or rejection within a few minutes or hours.
  • If approved, the money will be sent to the account number you entered during your application process.

How to Borrow Loan From Opay With USSD code.

I don’t have a smartphone no wahala you can still get an Opay loan all you need to do is to follow the instructions below:

  • Dial *955# using the phone number you used to register with your Opay account.
  • Select the option that says “loan”.
  • Follow the prompt and apply for a loan.
  • If it’s successful, your money will be credited to your account.
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How to borrow loan from opay without BVN

To borrow a loan from Opay without BVN, you’ll need to have a Tier 1 account which is the lowest account there, then you apply for a loan through Okash or Easemoni.

The loan amount is a small amount ranging from ₦1k- ₦10,000. If you need a larger amount, you’ll need to link your BVN and upgrade to a tier 2 account. But keep in mind you still need to pass the eligibility requirements to qualify for the loan.

Opay loan interest Rate: all you need to know 

The interest rates of loans on Opay is determined by the loan service used which includes Easemomi and Okash.

Easemoni loan interest rate ranges from 5 to 20% while Okash ranges from 3 to 30%.

Your interest rate is usually affected by your credit score and if it’s your first time, it’ll be based on the size of your transactions. For example someone that’s always doing a ₦5k transfer would not get the same loan as someone that does ₦100k.

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Always remember that failure to repay on time will attract an increase in the amount borrowed.


Borrowing money from Opay is a convenient and straightforward process that can provide financial relief when needed. With Opay’s user-friendly platform and quick approval system, accessing funds becomes easy and fast. 

Whether it’s for emergencies or planned expenses, Opay offers a reliable solution to meet your financial needs. If you’re in need of urgent ₦2k, take advantage of Opay’s services today and experience the ease of borrowing money online.

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