OPay is a tool for money transfer and payments with amazing features. This article explains how you can get a loan from Opay.
Opay is considered as the number 1 cashback wallet in Nigeria and a secure app that helps Nigerians make convenient payments.
When it comes to borrowing money online, there will always be requiring a BVN. Why? This is to verify the personal information you submitted, known as Know Your Customer (KYC).
Sharing your sensitive details such as BVN, account number, and others to the right app, that will not steal or sell your information is exciting. That is why it’s imperative to borrow money from only secured apps like Opay.
Guess what? The borrowing process is fast and easy; everybody can do it at home with a smartphone. All you need is to make sure you have the Opay App installed on your phone and follow our guide.
Requirements To Borrow, Get a Loan From Opay
- Be at least 18 years
- Valid phone number
- You must be willing to submit your BVN
- Valid phone number or email address
How to get a loan from Opay?
Kindly follow the instructions we provided below to borrow money from Opay and get your loan application approved.
Download The Opay App
Register An Account With Opay
This is easy and doesn’t require much detail. All you have to submit is your phone number and email address.
Make sure you registered with your date of birth as it appears on your BVN.
Apply For a Loan
Yeah, we have already reached there. Is it simple right? I have already said it.
You need to open Opay App and click on the Finance tab in this step, as shown in the screenshot below.
There are two types of Loans in Opay. I suggest EaseMoney as it offers simple and easy loans.
Click on the Ease Money
You need to click on the ease money and fill out all the details correctly as it appears on your BVN.
Input The Amount You Want To Borrow
Input the desired amount you can afford to pay, make sure you can pay the amount you borrow. Failure to do so may result in cancel your access to any Loan.
Once you are done, you need to wait for approval which will take few hours after submitting a loan application.
You can also chat with Opay support for fast approval.
Repayment of Opay loan
The monthly interest rate for Easemoni, which is known as Opay Loan, is 5% which means it will not exceed 120% yearly.
The repayment is straightforward. All you have to do is credit your Opay wallet, then Opay Easemoni and click on Repay.