Loan Apps

Opay Loan: How To Borrow Money From Opay App Easily

Opay is a finance app integrated with many unique features, one of the features is the ability for customers to borrow money. However, if you really want to know how to borrow money from the Opay app easily, then I’d recommend you to read this article till the very end.

Here’s a fun fact you need to know today, although you might come across websites providing guides on how to borrow money from the Opay app easily, you need to be sure of this, Opay does not directly offer loans to its customers. No, they don’t.

I know you will be confused, but read on to see the fact which will convince you.

Facts About Opay Loan & How To Borrow Money From Opay App Easily

How To Borrow Money From Opay App Easily
How to borrow money from Opay app Easily

As of the time this article is written, Opay does not offer loans but instead, they partner with other financial companies that offer loan services, this means, Opay doesn’t directly give loans to customers, they partner with EaseMoni and Okash to enable their customers to easily get access to loan. 

Related: How to borrow money from Palmpay App Easily

I am an Opay user and as you can see, below is a screenshot from my Opay dashboard which featured EaseMoni and Okash. 

For you to borrow money from Opay, you need to decide on which finance app you would prefer, this could be either EaseMoni or Okash, once you have determined and decided on the one you prefer, just give it a click and you will be redirected to play store where you can successfully download the app.

Opay Loan requirements

To be eligible for Okash or EaseMoni loan on Opay, you need to meet the following requirements:

Have a valid Opay account

You must be a registered user of Opay and have a valid Opay account.

Good credit score

Any of the chosen financial apps will check your credit score to assess your creditworthiness.

Read: How To Open Palmpay Account: How To Make Payments On Palmpay (How To Send And Receive Money With Palmpay)

 You must have a good credit score to be eligible for a loan.

Stable source of income

You must have a stable source of income to repay the loan. Your income source will be verified before approving your loan.

Valid ID

You must have a valid government-issued ID card such as a National ID, Driver’s license or International passport.


You must have a Bank Verification Number (BVN) that matches your Opay account details.

Residential Address

You must have a valid residential address that matches your ID card.


 You must be between 18 and 60 years of age before you can get a loan from Opay.

How To Borrow Money From Opay App Easily

The following guidelines will teach you how to borrow money from Opay app easily:

Download and Install the Opay app

 You need to have the Opay app installed on your mobile device. 

The app is available for download on Google Play Store and Apple App Store.

Register and Verify your Opay account

After downloading the app, register and verify your Opay account by providing your personal details and completing the verification process.

Choose Either EaseMoni Or Okash

As per what I’ve explained earlier, Opay doesn’t directly offer loans but integrated EaseMoni and Okash app, so you’ll need to choose any of the two, click on it and you will be redirected to Play Store to get it downloaded.

Apply for a Loan

Once you have downloaded and installed either EaseMoni or Okash app and have successfully signed up, click on the “Loan” section on the app’s home screen and follow the application process.

 You will be required to provide your personal information, loan amount, purpose, and other details.

 Ensure that you have met all the eligibility requirements before applying.

Wait for Loan Approval

  your loan application will be review and also assess your creditworthiness. 

If you meet the eligibility requirements and pass the credit assessment, your loan application will be approved.

Receive Loan Disbursement

After your loan is approved, the loan amount will be disbursed to your wallet. You can then use the funds for your intended purpose.

Repay your Loan

The repayment of your loan can be done by logging in to your account and following any given guide on how to repay the borrowed loan.

Note: It is crucial to borrow only the amount you can repay comfortably and on time. 

Defaulting on your loan can lead to additional charges, negatively affect your credit score, and make it difficult to access loans in the future.

Opay Loan Repayment

Loan repayment can be done through your EaseMoni or Okash wallet. You can repay your loan by following these steps:

Log in to your account which could be either Okash or EaseMoni and click on the “Loan” section.

Select the loan you want to repay and click on “Repay Loan.”

Enter the amount you want to repay and select the payment method you prefer.

Confirm the details of your repayment and click on “Pay Now.”

Your wallet will be debited, and the loan repayment will be reflected in your loan account.

Frequently Asked Questions On How To Borrow Money From Opay App Easily

Here are some frequently asked questions on how to borrow money from Opay app easily:

What is Opay?

Opay is a digital financial platform that provides a range of financial services such as bill payments, money transfers, airtime purchases, and loans.

How do I register for an Opay account?

You can register for an Opay account by downloading the Opay app from the Google Play Store or Apple App Store, and then follow the registration process.

Can I directly get a loan from Opay?

No, as explained in this article, Opay does not directly offer loan to its prospective customers but rather partner with fiance apps that offer loan services, these are EaseMoni and Okash.

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