OCash Loan App: Reviews, Download, Login

OCash loan app

OCash or OKash is one loan app Nigerians run to when they require urgent cash to offset some of their bills, but is it a legit loan app? How does the OKash loan app work? Does OKash call your contacts to defame you when you default? New and intending Okash users would want to know the answers to these questions, and 8MagicMoney is here to provide them.

About the OCash/OKash App

OKash, developed by Blue Ridge Microfinance Bank Limited, is an incredibly convenient personal loan platform specifically designed for mobile users in Nigeria. As a licensed institution authorized by the Central Bank of Nigeria (CBN), Blue Ridge’s OKash provides a seamless and reliable solution for fulfilling customers’ financial needs, available 24/7 from the comfort of their mobile devices.

One of the standout features of OKash is its hassle-free application process, which is incredibly straightforward and user-friendly. With just a few simple steps, applicants can complete the entire process, eliminating the need for time-consuming visits to physical branches.

Is OKash Loan App Legit?

Yes, the OKash loan app is a legitimate platform. It is developed and presented by Blue Ridge Microfinance Bank Limited, which is duly licensed by the Central Bank of Nigeria (CBN). Being licensed by the CBN ensures that OKash operates within the regulatory framework and meets the necessary financial standards and requirements set by the governing authority.

OKash Loan Requirements

To qualify for an Okash loan, you need to meet the following requirements:

  1. Bank Verification Number (BVN): Having a BVN is essential for obtaining loans from Okash. It helps track and reduce financial crimes and allows Okash to verify your banking history and check for any pending loans with other platforms.
  2. Verified Phone Number: You must provide a valid phone number for receiving verification codes via SMS.
  3. Active Bank Account: An active bank account is necessary to receive the disbursed loan amount. You need a functional bank account to access your funds.
  4. National Identification Number (NIN): Your NIN is required to confirm your official details, such as your name and age, before being eligible for an Okash loan.
  5. Source of Income: A steady and reliable source of income is important to demonstrate your ability to repay the loan on time. Okash wants to ensure that borrowers can meet their repayment obligations.
  6. Age: Only individuals between the ages of 21 and 55 are eligible to apply for loans on the Okash loan app. If you are underage, you cannot access the Okash loan app.
  7. Email Address: An active email address is necessary for Okash to communicate important information and keep you updated on any loan-related matters.

Okash Loan App Download & Login

The OCash loan app is currently on the Google Play Store, so if you are interested in taking a loan from them, you can simply head over to the store and search for the term “OKash”. Once found, simply tap on the install button and it will be downloaded on your device swiftly.

If you prefer the APK file, you can download that directly from the OKash website. Simply visit their official page and tap on the “Download from Okash.com” button. Once downloaded, locate the Okash apk file and install it on your device.

For iPhone users, unfortunately, the Okash loan app is not available for iOS devices yet so you might want to try out other apps such as Carbon, Aella Credit, Renmoney, etc.

How to Register & Apply for Okash Loan

Registering for a loan on the Okash loan app is seamless and if you are eligible, the loan will be disbursed to your account in minutes.

To register for an Okash loan, follow the below process:

1. Install the OKash loan app from the Google Play store or the OKash website.

2. Register an account if you haven’t.

3. Select the product you would like to apply for.

4. Enter your basic information and submit the application.

5. After the submission, you may receive a call for verification. The final application result will be shown in the app and you will be informed by SMS if approved.

6. E-sign the loan agreement after the approval.

7. The approved loan amount will be disbursed into your account shortly and an SMS notification will be sent to you.

How to Repay Okash Loan?

If you have linked your bank card to the OKash loan app, you will be debited automatically provided you have enough funds in your bank account. But if not, follow the below steps to repay your OKash loan:

  1. Launch the Okash app on your mobile device and log in using your credentials.
  2. Once you’re logged in, navigate to the repayment dashboard.
  3. In the repayment dashboard, you will be prompted to input your bank details.
  4. After entering your bank details, you will have the option to select the amount you want to pay.
  5. You can choose to pay using either your debit card or credit card.
  6. Select the preferred payment method and follow the on-screen instructions to complete the repayment process

Does Okash Defame?

No, OKash does not support defaming its users when they default on a loan. However, some of its agents can do that of their own accord. If you are defamed, it is important that you reach out to OKash customer support and explain the situation with proof.

Note that even though they do not support using defamatory tactics to reclaim their money, OKash will frustrate you directly with an unending series of calls and will keep adding high overdue fees to the defaulted loan daily until it is fully cleared.

OKash Loan App Reviews

Mixed reactions trail the OKash loan app going by the user’s reviews on the Google Play Store.

Some users are angry about the incessant calls they received from OKash even for a loan that is yet to be due. Others are disappointed that were denied a loan even after clearing their previous debt. For some others, the interest rates left them feeling unsatisfied. Yet, others are happy with the app overall.

Since it is impossible to please everyone at the same time, especially as a loan company, we will rate OKash a 6 out of 10.

OKash Customer Care Support

If you would like to reach out to the support team of OKash, you can do so using their contact details below:

Phone: 0809 775 5512

Whatsapp: 0901 157 7777

Email: Support@o-kash.com

OCash/OKash Loan App (In Summary)

OKash is a legitimate loan app developed by Blue Ridge Microfinance Bank Limited an authorized Central Bank of Nigeria (CBN) bank. It offers a convenient platform for Nigerians to access urgent cash.

To qualify for an Okash loan, you need to meet requirements such as having a BVN, a verified phone number, an active bank account, a NIN, a reliable source of income, and being between 21 and 55 years old. The app can be downloaded from the Google Play Store, and the registration process is simple.

Repaying the loan can be done through the app’s repayment dashboard using a linked bank card or by following the provided steps.

Okash does not defame users when they default, but they may engage in persistent communication and add overdue fees until the loan is cleared. User reviews are mixed, with some expressing frustration while others are satisfied. Overall, Okash receives a rating of 6 out of 10.

 

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