Did you wonder, how much can I borrow from OPay for the first time? Many Nigerians hear about Opay offering up to ₦2 million, but the reality for first-time borrowers is often very different. Your first loan amount depends on more than just downloading the app—it’s tied to your profile and repayment history. So, how much can you borrow for the first try? Let’s break it down.
How Much Can You Borrow From OPay for the First Time?
OPay is using two popular loan apps to offer its loan services—EaseMoni and OKash—for Nigerians who need quick cash.
Both apps allow you to borrow money online, but first-time borrowers may see different loan amounts, starting with modest amounts before scaling up.
The lowest loan amount that a first-time borrower can get on an Opay loan is ₦3,000 on each app. This amount varies based on individual credit scores and Opay transaction history.
According to EaseMoni and Okash, their loan ranges from ₦1–2 million.
Most first-time customers usually qualify for much more than N3,000; they can get a loan up to 50,000 for the first time based on their creditworthiness.
See Also: 5 Best Loan Apps Without BVN—With NIN and Phone Number (2025 Review)
After your loan is approved, you will find your loan in your bank or OPay wallet account in a minute: EaseMoni loan disbursement is within 24–72 hours of approval, while OKash is within minutes to your OPay wallet or linked bank account.
How to Borrow Money from OPay for the First Time: Key Eligibility Rules
To borrow from Opay, you must be a Nigerian adult between 18 and 55 years old with a functional bank account and a valid ID (like NIN). You can use your BVN or NIN for KYC verification.
You’ll also need a smartphone with internet access. In summary, to borrow money from Opay as a first-timer, you must be 18–55 years old, have a BVN or NIN, get a working smartphone, and finally download the Opay app to apply for a loan. Read more: How to Borrow Money from OPay 2025
How to Increase Your OPay Loan Limit as a First-Timer
Opay loan limits can increase as you repay your loan. First-time borrowers can increase their loan limit by repaying the loan on time. Both EaseMoni and OKash reward users that repay their loan on time with higher credit lines on future loans. In fact, OPay itself advises that “repaying a loan on time improves an individual’s credit score, making it easier to borrow in the future.” Many borrowers report that after repaying their first loan fully and on schedule, their next loan offers jump significantly (sometimes by multiple times). The exact increase depends on individual profile and usage, but the pattern is clear: timely repayment typically unlocks larger loan offers. (Note: Late payments may incur hefty daily penalties on both apps, so always borrow within what you can repay.)
How to Apply for OPay Loan as First-Timer
The Opay loan application is straightforward on both platforms:
- Download the Opay app, create an account with your NIN or BVN, and complete the KYC. In your dashboard navigate to the loan option in OPay, and click on where you see “loan.” You will be directed to where you can borrow money. There you will see your qualified loan amount, then pick a loan amount and term (typically 91–365 days) and submit. Upon approval, the loan amount will be sent to your bank account.
- OKash/EaseMoni (via the app): go to the Google Play Store, search for the app, download it, and activate it. Sign up using your phone number linked to your OPay account or BVN. Then log in and select “Get Loan.” The system will assess your creditworthiness within minutes (often in seconds), and, if approved, the loan will be sent into your OPay wallet or bank account immediately.Each step is entirely done on your phone. Approval is usually instant or within a few minutes, making these apps convenient for urgent needs. You should review the repayment dates and interest rates before accepting any loan offer.
Read more: How to Borrow Money from OPay 2025
EaseMoni vs. OKash: Key Differences
Here is a key difference between two Opay loan partners, EaseMoni and Okash:
| Feature | EaseMoni | OKash |
|---|---|---|
| Loan Range (New User) | From ₦3,000 (min) up to about ₦1–2 million | From ₦3,000 up to about ₦2 million |
| Eligibility | Nigerian resident; adult (18+/20+); valid BVN & ID; bank account; smartphone | Nigerian resident; age 20–55; source of income; bank account; smartphone |
| Interest Rate | Around 5–10% per month (APR ~60–120%) | Around 3–15% per month (APR ~36–360%) |
| Repayment Term | 91–365 days (3–12 months) | 91–365 days (3–12 months) |
| Disbursement Time | Typically 24–72 hours after approval | Instant – usually within minutes of approval |
| Limit Increases | Yes – timely repayment increases your credit line | Yes – prompt repayment unlocks higher loan limits |
| App/Platform | Standalone EaseMoni app (can also link with OPay) | Integrated in OPay app (or via standalone OKash app) |
| Provider | Blue Ridge Microfinance Bank | Blue Ridge Microfinance Bank (via OPay) |
Both EaseMoni and OKash are licensed loan apps in Nigeria. Both also offer first-time borrowers small loan amounts (3,000-50,000) and then increase them to larger sums as they build a repayment history. Always start with what you can pay back on time. The above information will help you borrow responsibly and grow your credit line over time.
See Also: How to Contact OPay Using OPay Customer Care Numbers, Email, and Social Handles (2025 Update)
Conclusion: How Much Can You Borrow From OPay for the First Time?
For first-time borrower, OPay loans range from ₦3,000 up to ₦50,000 depending on individual profile. Over time, as you repay on schedule, your loan limit can increase into the hundreds of thousands or even millions of naira. The key is to start small, repay promptly, and build trust with the platform so you can get higher loan amounts in the future. Read more: How to Borrow Money from OPay 2025
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