OKash is a personal loan application for Android mobile devices. This service offers a quick way to borrow a small sum of money for the residents of Nigeria.
OKash is a modern Nigerian microloan service. Users do not need to visit a bank office to borrow the funds they need. As with a similar Indian service Credy, the whole process is paperless and digital.
To register in the system, every user has to complete a few steps. Firstly, you need to provide your ID and other personal information like your address. OKash does not require deposits or guarantees of any kind. However, loans are only available for the residents of Nigeria who have a stable source of monthly income. Thus, you will need to upload a bank statement confirming your salary.
Once registered, it is possible to choose from several products. You can get any amount from 3 000 to 500 000 Nigerian nairas for a period from 3 to 12 months. The interest rate is calculated depending on the sum and loan repayment length as well as your financial reliability and credit history. But in any case, it is necessary to return much more than you borrowed.
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