Okash loan app is one of the Nigerian mobile micro-lending apps owned by Blue Ridge Microfinance Bank that allows users to apply for small personal loans online. You can download the app on the Android or iOS app store, create an account, fill out your personal and financial details, and then Okash will evaluate your application. When approved, you will receive funds directly to your bank account.

Okash Interest Rates & Fees

Okash interest rates depend on the loan term and individual credit profile; below is the range of Okash interest rates and repayment periods:

• Interest Rate: Okash claims minimum interest rates of 3% up to 15% monthly. This corresponds to roughly 36.5%–360% per year. For example, if you borrow ₦3,000 for 91 days, the interest rate will be ₦273 (9.1% of principal).
• Repayment Period: The Okash repayment period ranges from 91 days up to 365 days (3 to 12 months), and you can choose your repayment date when you borrow.
• Late Fees: If your repayment is late, Okash may add 2% per day on the overdue amount (after a 1-day grace). These rollover fees can accumulate quickly, so it is advised to pay on time.
• Other Fees: Okash claims no hidden charges for early repayment.

See Also: 30 Best Loan App in Nigeria 2025 Review

Eligibility Requirements

According to Okash, the basic criteria to qualify for an Okash loan are:

• You must be between 20 and 55 years old.
• You must be a Nigerian resident.
• You must have a valid means of identification (such as NIN or BVN).
• You must have an active Nigerian bank account or OPay account.
• You must have Android or iOS smartphones. And an Internet connection to download the app, register, and apply for a loan.
• Credit History (Okash Score): Okash may use Opay transaction history and other financial data to assess your creditworthiness.

To qualify for an Okash loan, you must reach the required age, have the needed ID, and have a bank account or Opay account to use Okash.

See Also: EaseMoni Loan App (Review, Alternative, and Is EaseMoni Approved by CBN?)

Loan Amounts

The Okash loan amount depends on the individual profile and credit score; below is the loan amount range:

• Minimum Loan: the minimum loan amount in Okash ranges from ₦2,000 to 3,000.
• Maximum Loan: The maximum loan amount ranges from ₦1,000,000 up to ₦2,000,000 for long-term customers. Note, if you are first-time users, you may get lower limits, which can increase with a good repayment record.

In Okash you can borrow from 3,000 to 2,000,000 based on your profile and creditworthiness.

See Also: How to Qualify for a Moniepoint Loan: A Guide for Small Businesses

Customer Support

You can reach out to Okash on the following channels:

• Email: okash@blueridgemfb.com
• Phone: You can call +234 (0)20-1888-4549 or +234-700-123-5051.
• Social Media: Facebook page (@OkashNigeria
• In-App Help: There is also an in-app help/chat feature.
• Office Address: No. 77 Opebi Road, Ikeja, Lagos.

You can contact Okash from the above channel and reach out to customer support services.

See Also: 5 Best Loan Apps Without BVN—With NIN and Phone Number (2025 Review)

User Reviews and Ratings

Okash is one of the best loan apps in Nigeria, with millions of downloads and hundreds of thousands of app store ratings. As of August 2025, it has an average of 4.3–4.5 out of 5 stars on both the Play Store and App Store. This indicates massive positive feedback, but it comes with a mix of opinions:

Positive Feedback: Many users recommend Okash for ease of use and quick disbursement. Reviewers noted that registration and applying are simple, and loan disbursement is fast.

Nairametrics also recommends Okash for “easy registration, simple application, and easy repayment.”

Negative Feedback: However, a significant number of users complain about high interest costs and strict policies. Many users mention that the interest can feel very “outrageous” (one user said, “Your interest is too big”). It’s important to note that while Okash advertises monthly rates as low as 3–15%, even 3% per month is quite steep.

Another common gripe is shrinking loan limits after repayment. Several users report that if they repay early or on time, the app paradoxically reduces their maximum loan limit on the next cycle. For example, one user wrote that after paying back early, Okash gave her a “very low limit” and told her to try again later.

Nairametrics also reports complaints of this kind: one of the Okash users complains, “I always pay before the due dates, but my credit limit always drops even lower.”

One Apple store user also complained that Okash “always reduces[s] the limit even after paying early” and that customer support did not help.

From our review, most users find Okash useful and easy, especially for urgent cash needs, but many also find its lending terms punishing. The high interest rates, credit limit drops, and bad customer support are some of the issues on the Okash loan app.

See Also: How Much Can You Borrow From OPay for the First Time?

How to Download the Okash Loan App

Downloading the Okash loan app is simple and straightforward. Follow these steps below to download the Okash loan app:

1. For Android Users (Google Play Store): Open the Google Play Store on your phone; in the search bar, type “Okash Loan App” and click on search.
2. Tap on the app developed by Blue Ridge Microfinance Bank
3. Click Install, wait for the download to complete, and activate it.

For iPhone Users (Apple App Store): Open the App Store on your device and search for “Okash Loan App.”

1. Select the Okash app and tap on Get to download and install it.
2. After Installation: Open the app and register with your phone number.

You can click here to download the Okash loan app.

How to Borrow Money from Okash

To borrow money from Okash, you need to download and install the app, create an account, and fill out your basic details. After setting up your profile, you will be allowed to apply for a loan.

Click on loan; Okash will evaluate your creditworthiness, then choose the amount you want and the repayment period.

Okash will quickly review your details using your credit history and Opay transaction history. If your loan is approved, the money will be sent straight to your bank account within minutes.

For first-time borrowers, you may qualify for loan amounts starting from ₦3,000 and ₦50,000; this depends on your profile and financial information.

As a first-timer, your loan amount will be small, but as you repay on time, Okash may increase your loan limit, and over time you may qualify for much higher amounts—up to ₦1,000,000 or more.

See Also: How to Get a Loan from Moniepoint in 2025 (Moniepoint Loan Guides)

Is Okash registered with the CBN, and is it safe?

Okash is operating under Blue Ridge Microfinance Bank, a CBN-licensed financial institution.

Okash is also among the digital lending apps that have been approved by both the CBN and the Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria.

When it comes to safety, Okash is considered safe to use, as long as you download it only from the Google Play Store or Apple App Store. But like any loan platform, you are advised to read the loan terms and avoid borrowing more than you can handle.

Conclusion

Okash is one of the popular loan apps in Nigeria that offers personal loans ranging from N3,000 to 1,000,000 without collateral. The app is safe and convenient for use, but you should pay attention to the interest rates and loan term. Use Okash responsibly, as a financial tool for short-term loans.

See Also: 5 Best Loan App with NIN in Nigeria 2025

FAQs – Okash Loan app

How to Borrow Money from Okash Without BVN

You can borrow money from Okash without BVN by using other methods to sign in or create an account. One of the methods is through your existing OPay account. Okash is partnered with Opay; you can use the details you used to register on Opay (such as your NIN or phone number) to access Okash without entering a BVN again. To do this, simply download the Okash app, and instead of creating a new account, click on “Log in.” Then select “Forgot Password.” Okash will pull your information directly from the Opay server and send you a PIN to reset your password. Once you reset it, you’ll be able to log in with your Opay-linked details and apply for loans, even without using your BVN. Read more: 5 Best Loan Apps Without BVN—With NIN and Phone Number (2025 Review)