How To Borrow Money From OPay (2025/2026 Guide)
How To Borrow Money From OPay: If you’ve ever found yourself short on cash and needed a quick loan, then OPay might be the answer you’ve been looking for. OPay is one of Nigeria’s most popular mobile finance apps, offering everything from bill payments to money transfers — and yes, even instant loans.
In this detailed guide, you’ll learn exactly how to borrow money from your OPay account, the name of the OPay loan app, how to check your loan balance, how much interest OPay charges, and more.
Also Read: How To Activate OPay USSD Code 2025/2026
Whether you’re a student, business owner, or salary earner, this guide will explain how to access OPay loans easily without stress, in plain, everyday language.
How Do I Borrow Money From My OPay Account
Borrowing money from your OPay account is very easy if you follow the right steps. OPay offers short-term loans through its partner apps such as Okash and EaseMoni, both of which are integrated into the OPay platform. Here’s how you can borrow money directly from your OPay app:
Open The OPay App
Make sure you have the latest version of the OPay app downloaded from Google Play Store or Apple App Store.
Log In To Your Account
Use your registered phone number and PIN to access your dashboard.
Go To The “Finance” Or “Loan” Section
You’ll see options like Owealth, Okash, and EaseMoni under financial services.
Select A Loan Option (e.g, Okash Or EaseMoni):
Tap on your preferred loan partner. You’ll be redirected to the loan interface.
Complete Your Loan Application
Fill in basic information such as your name, BVN, employment details, and the amount you want to borrow.
Submit And Wait For Approval
Loan approval usually takes a few minutes. If approved, the money is credited directly to your OPay wallet.
Withdraw Or Use The Money
You can transfer the money to your bank account or use it directly within OPay for transactions.
Tips: Ensure your BVN, phone number, and OPay details are the same to improve your loan approval chances.
Also Read: Moniepoint USSD Codes For Nigeria
What Is The Name Of The OPay Loan App
The main OPay loan apps are:
- Okash – A fast loan service available within the OPay app and also as a standalone app on Play Store.
- EaseMoni – Another reliable OPay partner offering instant personal loans.
These apps are licensed by the Central Bank of Nigeria (CBN) and regulated by NDIC, which means they operate legally and follow financial compliance standards.
If you’re using the main OPay app, you don’t need to download Okash separately. You can access it directly under the Finance section.
How Much Interest Does OPay Give Daily
OPay loans are short-term, and the interest depends on the loan amount, duration, and credit score. Typically, the daily interest rate ranges between 0.1% to 1% per day, depending on your profile and repayment history.
Example: If you borrow ₦5,000 at 0.5% daily for 30 days, you’ll pay ₦5,750 at the end of the month. Longer repayment terms often have lower daily rates.
Note: Always check the loan terms carefully before accepting any offer. OPay clearly displays the interest, repayment date, and total payable amount before you confirm your loan.
How Do You Check Your Loan Balance On OPay
Checking your loan balance helps you avoid missing repayment deadlines. Here’s how to do it:
- Open the OPay App.
- Navigate to “Finance” or “Loan.”
- Select Your Loan Provider (Okash or EaseMoni).
- Tap on “My Loans” or “Loan History.”
- You’ll see details like: Amount borrowed, Interest rate, Remaining balance, Due date.
You can also receive reminders via SMS or in-app notifications from OPay or Okash when your repayment date is near.
How Much Can Okash Borrow Me For The First Time
For first-time users, Okash usually lends between ₦3,000 and ₦50,000, depending on your creditworthiness and the details you provide.
After you repay your first loan on time, your credit score increases, and you can borrow higher amounts, sometimes up to ₦200,000 or more. Here are the factors that influence your loan limit:
- Your BVN history
- Your income level
- How quickly you repay previous loans
- Your usage activity on the OPay app
Note: Always repay on or before your due date to increase your borrowing limit.
What Are The 5 Keys To Qualify For A Loan
To qualify for an OPay loan or any digital loan in Nigeria, here are the five main things you should keep in mind:
Have An Active OPay Account: Your account should be verified with your BVN and linked to your phone number.
Maintain A Good Transaction Record: Frequent use of your OPay wallet (sending, receiving, and paying bills) helps build your credibility.
Provide Accurate Personal Information: Ensure your BVN, name, and ID match across all documents.
Have A Steady Source Of Income: The system checks if you have regular inflows before approving loans.
Repay Previous Loans On Time: Timely repayment boosts your credit score and helps you qualify for larger loans in the future.
By following these keys, you can easily access higher loan limits without any issues.
What Is OWealth Trial Cash In OPay
OWealth Trial Cash is a feature that allows users to earn returns on savings within the OPay app. It’s not a loan feature but rather an investment-like option that gives you small interest daily when you deposit money.
When you activate OWealth:
- Your money is not locked; you can withdraw anytime.
- You earn a small daily percentage as profit.
- The “trial cash” is OPay’s way of introducing you to the OWealth service by giving you a small bonus amount to test how it works.
For example, if OPay gives you ₦300 trial cash, you might earn a few naira daily to show how real investments in OWealth work.
Note: OWealth is not a loan—it’s a savings and investment product.
How To Borrow Money From OPay Using A Small Phone
Not everyone owns a smartphone, and OPay understands that. That’s why you can also borrow money using a small phone (button phone) through the OPay USSD code. Steps to Borrow Using a Small
- Dial the OPay USSD code: On your phone, dial *955#.
- Select “Loan” or “Finance”: From the menu, choose Loans.
- Follow the prompts: Enter your OPay account number or phone number linked to your account.
- Apply for a loan: Choose the amount you want to borrow.
- Wait for approval: If approved, the money will be credited directly to your OPay wallet.
This method is simple, fast, and ideal for users without internet access or a smartphone.
Conclusion
Borrowing money from OPay is fast, secure, and simple. Whether through Okash or EaseMoni, users can access instant personal loans without the need for collateral or long paperwork.
The key is to use your OPay app responsibly, maintain good repayment behavior, and ensure your details are accurate.
Over time, you’ll enjoy higher loan limits, lower interest rates, and better financial flexibility.However, remember to borrow wisely—only take what you can repay to avoid penalties or credit restrictions.
Frequently Asked Questions (FAQs)
How Long Do You Have To Pay Back A Personal Loan
Most OPay loan partners like Okash or EaseMoni give repayment periods between 7 to 90 days. The exact duration depends on your loan amount and credit score.
What Is The Best App To Borrow Money In Nigeria
Some of the best apps to borrow money in Nigeria include:
- OPay (Okash, EaseMoni)
- Branch
- FairMoney
- PalmCredit
- Carbon
OPay stands out because it’s integrated into one of Nigeria’s most used mobile wallets, making it very convenient.
What Is The Use Of OWealth In OPay
OWealth is used for saving and earning daily interest. It allows you to invest money safely while keeping access to it at any time. It’s great for people who want passive income from idle funds.
What Is The Interest Rate On A ₦5,000 Loan
The interest rate on a ₦5,000 loan depends on your credit profile. For example:
- At 1% daily for 30 days = ₦5,000 + ₦1,500 interest = ₦6,500 total repayment.
- At 0.3% daily for 30 days = ₦5,000 + ₦450 interest = ₦5,450 total repayment.
Always check the loan details before confirming your application.
Can I Withdraw My Money From OWealth
Yes! You can withdraw your money from OWealth at any time without penalty. The process is instant, and the funds move back to your OPay main wallet.
For more information on How To Borrow Money From OPay, visit this blog post, https://logicsecurity.ng/how-to-borrow-money-from-opay-in-nigeria
