If you’ve been using the OPay app for some time but still don’t know how to borrow money, don’t worry; this guide will show you how to borrow money from OPay in just a few minutes.

Note: when you borrow, make sure you repay on time. This will help you build your credit so OPay can increase the amount you can borrow in the future.

You can borrow money from OPay with your Android phone or iPhone; you just need to follow the simple steps we’re going to share in this guide.

In this post, we’ll cover everything you need to know: eligibility requirements, how to borrow, how much you can borrow from OPay the first time, and more.

Let’s start with the eligibility and requirements.

Opay Loan Eligibility and Requirements

Before you can borrow money from Opay, you must meet this basic criterion:

• You must be a Nigerian resident and between 18 and 55 years old.
• You must complete your OPay KYC verification by verifying and submitting your BVN or NIN.
• You must have a smartphone with internet access.
• If you need business loans, you must be a registered OPay merchant with at least 60 days of transaction history on your OPay POS machine.

How to borrow money from OPay (2025)

To borrow money from OPay, you’ll need to download the OPay app from the Google Play Store or Apple Store if you are using an iOS mobile phone. After you have downloaded the app, you can access OPay loan services (Merchant Loans for OPay business and PayDay Loan for personal loans).

Opay business loans, also known as merchant loans, are available for users who have been using the Opay POS machine for at least 60 days, while payday loans, also known as personal loans, are available for general customers. Below is the step by step guide on how to borrow money from opay in 2025:

• Download the OPay app and register.
• Open the app and click on Loan Feature.
• Choose your preferred loan amount.
• Click on Apply to Submit and Await for Approval.
• Receive your funds.

Step 1: Open the OPay App

When you open your OPay app, you’ll see several features on the home screen (as shown in the image below).

See Also: Access Bank USSD Code – *901# (2025 Updated)

Step 2: Select the Loan Option

After a short loading screen, you will see the Loan section as shown in the image above.
Click on “Loan” and wait for it to load. You will be redirected to the OPay loan service partnered with the Easemoni loan app.

Wait until it has finished loading. There you will see your available loan amount that you have qualified to take.

Step 3: Click on the Displayed Amount

On this stage, click on the green button below that amount; OPay will calculate the actual amount you’re qualified to borrow based on your usage and financial history.

The amount you qualify for depends on:

• Your cash flow (inflow and outflow)
• How often you use the app
• How much you keep in the app

Note: If you are doing this for the first time, you might see ₦1,000,000 or even ₦2,000,000 on your screen.
Don’t get too excited—this is just an advertisement.

See Also: OPay USSD Code (2025 List of All OPay USSD Codes)

Step 4: Choose Your Loan Amount

For this stage, you will see the actual loan amount that you have qualified for; it can be up to a ₦100,000 loan.

If you don’t want the maximum amount, or the amount you have qualifies you for, you can reduce it by clicking the minus button on the left.
You can reduce it as much as you want, sometimes as low as ₦5,000—depending on your preference.

Step 5: Select Your Repayment Period

Now, OPay will ask you to choose how long you want to repay the loan. You can choose between 90 days (3 months), 
60 days (2 months) and 30 days (1 month). You will observe that the longer the duration, the higher the interest you will pay.

Step 6: Apply for the Loan

If you are okay with the interest and repayment period:

1. Click Apply Now.
2. OPay will process your request.
3. In many cases, the money is credited in less than 5 minutes. Sometimes it may take up to 24 hours if extra verification is needed.

Important Loan Tips

• Borrow for investment or urgent needs—not for pleasure.
• Always repay on time to build your credit limit.
• Compare interest rates before choosing your repayment period.

Summary/Conclusion: How to Borrow Money from OPay

If you’ve been using the OPay app but still don’t know how to borrow money from OPay, here’s the short guide: Download and open the OPay app, click on Loan, and wait for it to load. You’ll be redirected to the OPay loan service (partnered with Easemoni), where you’ll see the amount you qualify for—note that the ₦1m or ₦2m you might see at first is just an advert. Click the green button to see your real loan limit, then choose your preferred amount (as low as ₦5,000) and select your repayment period—30 days, 60 days, or 90 days, keeping in mind that longer durations mean higher interest. If you agree with the terms, click Apply Now, and, in most cases, you’ll receive the money within minutes.

So, now you know how to borrow money from the OPay app.
This guide is not an encouragement to borrow unnecessarily. It’s simply to help you know what to do if you ever find yourself stranded and in need of quick cash.