The Okada Naira loan app is one of the new digital lenders that promises fast access to cash without collateral. But does it really work? What are the interest rates, loan amounts, and repayment terms? In this review, we’ll break down everything you need to know about Okada Naira before borrowing money from them.
About the Okada Naira Loan App
Okada Naira
Okada Naira is a new digital lending platform that claims to offer quick loans to Nigerians who need urgent cash. The entire loan application process is handled online—from registration to receiving money in your bank account.
The app is designed for individuals looking for personal loans, payday loans, or emergency loans to cover short-term expenses.
While some borrowers report fair rates, many complain about hidden fees and deductions that make the interest higher than expected. For this reason, it’s very important to review the loan terms carefully before confirming.
Okada Naira offers loans starting from ₦5,000 up to ₦500,000, with repayment periods ranging from 91 to 180 days.
Minimum loan: ₦5,000
Maximum loan: ₦500,000
Repayment period: 91–180 days
The amount you qualify for depends on your creditworthiness and repayment history. First-time users usually get smaller loan amounts, but this can increase with good repayment behavior.
Okada Naira has gained a 3.8 rating from the Google Play Store with mixed user feedback, which is largely negative, and few positive ratings.
Okada Naira Ratings
Some users praise the app for being fast and reliable, especially when it comes to quick loan disbursements.
However, the majority complain about:
Hidden charges
Receiving less money than they applied for while being asked to repay the full amount
Technical issues such as BVN mismatches
On the Google Play Store, the app has been downloaded thousands of times. Below are some important reviews from the Google Play Store:
Okada Naira review
Oluwakemiabiodun Oyelesi on 9/8/25 says, “I really appreciate you guys for granting me loan but you guys should work on your loan the loan is to small
Tessy Ohiolei on 8/6/25 says, “This is a good App ..with prompt payment
The above is the only positive users feedback and review on the Okada Naira loan app. Let look at the negative:
Okada Naira Loan App user feedback
Ayodele Damilola on 9/12/25 says, “This app is a scam, and they are thieves. How on earth can you borrow someone 4000 and credit the account with 2400 and tell me to pay 4800 in 7 days? You guys are mad. I have returned your 2400 back to your account, please. You should not try anything funny. I don’t recommend this app for anybody oooo they’re scam
Olasunkanmi Bakinde on 9/7/25 says, “Hello, okadanaira I think there is a fraudulent behaviour on my account. you guys should respond as soon as possible.
Our review shows that the Okada Naira loan app is a high-risk digital lender.
If you have any questions, concerns, or need assistance with your Okada Naira loan, you can easily reach their customer care team. Okada Naira provides the following support options:
Customer Service Email: Send an email to support@okadanaira.com with your query, and their customer service team will respond promptly.
Service Hours: Support is available from Monday to Friday, 9:00 AM – 6:00 PM.
Office Address: You can also visit their office at 68 Coker Street, College Road, Ifako Ijaye, Agege, Lagos.
Feel free to reach out to Okada Naira using any of the above means.
Is Okada Naira Legit or a Scam?
Despite the negative reviews, Okada Naira is on the list of approved loan apps in Nigeria, and it does disburse loans. This means it is legit.
However, here are the serious concerns:
Hidden fees
High interest rates
Unexpected deductions
So while Okada Naira is not a scam, it is a high-risk loan app. You should be cautious if you consider using the app, read the terms carefully, and avoid taking large loans.
Okada Naira is one of the high-risk loan apps that provides quick loans without collateral. It is also one of the approved loan app in Nigeria, but there are many user complaints about hidden charges, high interest rates, and poor transparency.
