OPay Loan USSD Code for ₦‎500k (Borrow Money) – OKash

Are you interested in OPay loan USSD code, app download, how to access and borrow money for the first time without BVN on iPhone and Android, interest rate, review, application, requirement, repayment, terms and conditions in Nigeria?

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Getting started…

OPay Loan Code

OPay uses OKash, EaseMoni, and CreditMe to ease loan processing to credit anyone.

This makes getting and repaying the loan relatively easy.

OPay loan is a legit and trusted online mobile platform that offers instant loans.

The app has gained many positive reviews in the Play Store, so it can be relied upon.

Applying for a loan on these apps is easy.

You get it disbursed in your account within minutes.


  • Bonuses are offered from time to time.
  • Easy sign-up process.
  • Fast and secure processing of loan payments.
  • No collateral and deposit requirements.
  • You can do the complete process online on your mobile phone.


  • The cost of loan repayment is high. There are other cheaper options.
  • It has the maximum amount you can borrow.
  • Loans are for short-term.
  • Privacy concerns.

OPay Loan (OKash) Requirements

Here are the eligibility requirements for OPay loan application:

  • Applicant must be a Nigerian resident.
  • Applicant has to be in the age range of 20-55 years.
  • Have a monthly source of income or a valid reason for needing the loan.
  • Have an active bank account.
  • Have a functioning email address and phone number.
  • Have an internet-enabled gadget, which can be a smartphone or PC.
  • Have a valid ID card.
  • Have BVN.

Interest Rate

OPay daily interest rate is between 0.1% to 1%, while the annual interest rate is between 36.5% and 360%.

Apart from this, pay an origination fee with your loan ranging from ₦‎1299 to ₦‎6000.

The loan duration is 91 days for the shortest tenure and 365 days for the longest tenure.

How to Borrow Money from OPay

You can borrow a loan from OPay via the app or using the USSD code.

Here are the steps to borrow a loan from OPay online:

1. Via the OKash App

To borrow money from OPay, you must first have an OKash account.

Your OKash account will be requested of you during the application process.

  • Go to the Google Play Store or Apple store and download the OKash App.
  • Sign up for the OKash app using your functioning phone number.
  • After you are done, apply for the loan via the app.
  • Choose the loan you want (merchant loans, airtime loans, and cash loans).
  • Click on any of the loans and input the required loan amount, repayment due date, interest rates, and other important information.
  • Select the purpose of the loan from the displayed purpose options.
  • Allow the app to access your phone location, and dial “Agree to Continue.”
  • Fill in correctly your personal information like your name, BVN, gender, email address, nearest bus stop, and so many more.
  • Click on “submit.”
  • Wait for the money to drop into your account.

2. OPay Loan Code

The OPay USSD code is *955#

This works when you already have an account created on the platform.

The code provides you with a seamless experience while making transactions on your account.

To get started on the loan, simply dial *955# on your mobile phone and follow the instructions.

The maximum amount you can apply for on OKash is ₦‎500,000.

You can apply for loans for as low as ₦3000.

OPay Loan Repayment

Here are the steps to repay the OPay loan:

  • Open the mobile app.
  • Log into your account.
  • Click on the button that says, ‘make a repayment’.
  • Provide all required details.
  • Click on the ‘repay’ button.

Note that the platform uses a system that automatically debits your bank account once your loan repayment is due.

So, you do not really need to go through the steps listed above as long as you have a sufficient balance in your account.


  • Loan Amount: from ₦3,000 to ₦500,000.
  • Loan Products Tenure: Your repayment will be required from 91 days to 365 days.
  • Interest Rate: With a minimum of 0.1% up to 1%. The interest rate is calculated daily.
  • Annual Percentage Rate (APR) from 36.5% to 360%.


  • Loan Amount: from ₦3,000 to ₦1,000,000.
  • Tenure: Your repayment will be required from 91 days to 365 days.
  • Interest Rate: 5% to 10% monthly, APR 60% -120%.

How to Borrow Money from OPay on iPhone

Here are the steps to borrow money from OPay on iPhone:

  • Download and install the OPay app from the App Store on your iPhone.
  • Open the OPay app and sign in with your login details. If you don’t already have an OPay account, create one by following the on-screen instructions.
  • Once you are logged in, navigate to the “Loan” or “Borrow” section of the app. The exact location may vary depending on the app version or interface.
  • You will be directed to download the EaseMoni or Okash app.
  • Download the app, sign in, provide the information, and proceed with the loan.
  • In the loan section, you will find various loan options available. Choose the one that suits your needs. OPay typically offers short-term micro-loans.
  • Review the terms and conditions, interest rates, and repayment options associated with the loan you have selected. Make sure you understand all the details before proceeding.
  • After selecting the desired loan, provide the personal information as requested by the app. This may include your name, phone number, identification details, and bank account information.
  • Complete the loan application by filling out the required information accurately. Double-check all the provided details to avoid any mistakes.
  • Once you have completed the loan application, submit it through the app. The OPay system will assess your application, and you will receive a notification within a specified period showing whether your loan has been approved or rejected.
  • If your loan is approved, the funds will be credited directly to your OPay wallet or bank account linked to your OPay account.
  • Set up a repayment plan based on the provided options and ensure that you adhere to the repayment schedule to avoid any late fees or penalties.

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Saint Chinedu

My GOAL is to equip you with the right strategy and working information to improve your academic performance, financial situation, and health this month.


  1. Good morning I am lukman Umar I from Nigeria I live in sokoto state why I want to borrow money I buy investec my business that means water resources

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