How To Borrow Money From Opay

Opay offers loans through third-party platforms like Okash and EaseMoni. To borrow money from Opay, you must have an account with Opay and have the Opay app. The Opay App redirects users to download Okah or EaseMoni to complete their loan transactions.

Opay is a fintech mobile money service that offers quick loans. Opay leverages EaseMoni, and Okash to streamline the loan approval process for anyone at any time. This makes the loan application and repayment processes rather simple. Read to find out how to borrow money from Opay.

Does Opay Give Loan?

Yes, Opay offers loans to customers. The loan service is called “Opay Loan” and it is available to Opay users who meet specific eligibility requirements. Users can apply for a loan through the Opay app and, if approved, receive funds directly into their Opay wallet. The loan amount and repayment terms vary depending on the user’s creditworthiness and history with Opay.

Opay Loan Code

The Opay USSD code is *955#. This code can be used to acquire loans from Opay. All you have to do is to have an account with Opay and be credit-worthy. Then, dial the code and follow the prompt to acquire the desired Opay loan.

How to Borrow Money on Opay

To borrow money on Opay, follow these steps:

  • Open the Opay app on your mobile device and log into your account if you haven’t already done so.
  • On the home screen, click on the “Loan” or “Borrow” option. This may vary depending on the version of the app you are using.
  • You will be presented with the options like OKash and EaseMoni
  • Choose the one you would like to use
  • Then you will be directed to download the app
  • Download and sign up on the EaseMoni or OKash app
  • Provide all the necessary information required and proceed to the amount options.
  • You will be presented with various loan options and terms. Select the loan amount that you require and the repayment period.
  • Fill in the required personal details and financial information as prompted. This may include your name, address, employment details, and income details.
  • Once you have provided all the necessary information, the app will review your application and determine your eligibility for a loan.
  • If approved, the loan amount will be credited to your Opay wallet or directly to your bank account linked to the app.
  • Repay the borrowed amount within the specified repayment period to avoid any penalties or late fees. Opay usually deducts the repayment amount automatically from your wallet or bank account.
How to Borrow Money From Opay
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How to Borrow Money From Opay on iPhone

To borrow money from Opay on an iPhone, follow these step-by-step procedures:

  • Download and install the Opay app from the App Store on your iPhone.
  • Open the Opay app and sign in with your login details. If you don’t already have an Opay account, create one by following the on-screen instructions.
  • Once you are logged in, navigate to the “Loan” or “Borrow” section of the app. The exact location may vary depending on the app version or interface.
  • You will be directed to download the EaseMoni or Okash app
  • Download the app, sign in, provide the necessary information, and proceed with the loan.
  • In the loan section, you will find various loan options available. Choose the one that suits your needs. Opay typically offers short-term microloans.
  • Review the terms and conditions, interest rates, and repayment options associated with the loan you have selected. Make sure you understand all the details before proceeding.
  • After selecting the desired loan, provide the necessary personal information as requested by the app. This may include your name, phone number, identification details, and bank account information.
  • Complete the loan application by filling out the required information accurately. Make sure to double-check all the provided details to avoid any mistakes.
  • Once you have completed the loan application, submit it through the app. The Opay system will assess your application, and you will receive a notification within a specified period indicating whether your loan has been approved or rejected.
  • If your loan is approved, the funds will be credited directly to your Opay wallet or bank account linked to your Opay account.
  • Set up a repayment plan based on the provided options and ensure that you adhere to the repayment schedule to avoid any late fees or penalties.
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How to Borrow Money From Opay Without BVN

To apply for a loan via the Opay app through Easemoni or Okash without linking your BVN, you must first create a Basic (Tier 1) account with Opay. Keep in mind that you will only be eligible for a limited loan amount until you link your BVN.

The Opay CreditMe Loans

Opay CreditMe is an overdraft solution offered by Blue Ridge Microfinance Bank Limited for OPay users who are underfunded in their wallets. This service provides an interest-free loan for up to 19 days, with no service costs, collateral requirements, paperwork, or guarantor needed. The maximum amount is N 100,000, and it works for bills and airtime purchases.

To access the CreditMe feature, users need to select bills, enter the amount and ID, choose CreditMe as the payment method, agree to the service contract, and pay with CreditMe. Repayment is easy and interest-free, but users must repay the loan within the specified period to maintain access to additional OPay CreditMe loans.


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