How to Borrow Money from Opay App – Up to N1 Million

how to borrow money from opay app in nigeria

Opay, a leading mobile app in Nigeria, offers users the convenience of accessing instant loans from reputable lenders on its platform. This comprehensive guide explores how to borrow money from Opay app in Nigeria. Learn about the Opay loan requirements, how to apply, Opay loan interest rates, repayment methods, and more.

The Opay app provides quick, collateral-free loans through its app. You can borrow money from Opay by creating an Opay account and submitting a loan request on the app. You can get as much as N1 million from Opay at interest rates of 3% to 15% depending on if it’s a short-term loan or a long-term loan.


Let’s get started with how you can borrow money from Opay and have a great loan application experience with this fintech app.

How to Borrow Money From Opay

Once eligibility is confirmed, follow these steps to borrow money from Opay:

  • Download the Opay App from Google Playstore or iOS App Store.
  • Log in to your Opay account.
  • Navigate to the “finance” tab and select “loan.”
  • Choose your preferred loan partner (e.g., Okash or Easemoni) and download the respective app.
  • Complete the loan application form with accurate information.
  • Specify the desired loan amount.
  • Review and submit your application.
  • Await approval; if approved, the funds will be disbursed to your provided account.

How Does Opay Loan App Work?

opay nigeria

Opay collaborates with renowned Nigerian loan companies, facilitating users’ access to low-interest loans without the need for collateral. While specific loan partners may change, the process of borrowing from Opay remains straightforward.

How to Be Eligible for Opay Loan?

To qualify for an Opay loan, users must meet specific eligibility criteria:

  • Nigerian citizenship.
  • Registered Opay account.
  • Valid Bank Verification Number (BVN).
  • Valid means of identification (National ID card, driver’s license, or international passport).

Opay Loan Code

For users without smartphones, Opay offers an alternative with the USSD code:

  • Dial *955# using the registered Opay phone number.
  • Select the “loan” option.
  • Follow the prompts to apply and receive loan disbursement.

Opay Loan Interest Rate

Interest rates on Opay loans depend on the chosen loan partner. For example, Easemoni offers rates between 5% and 20%, while Okash ranges from 3% to 30%. Note that credit scores may influence these rates, and delayed repayments can incur additional charges.

How to Repay Opay Loan

Repaying Opay loans is flexible and can be done through:

  • Repay using your Opay balance: Click the “repay” button on the loan details page if you have an Opay balance.
  • Automated Direct Debit (ADD): Set up automatic repayments using your bank account details.
  • It’s crucial to repay on time to avoid penalties and maintain a positive credit score.

Benefits of Opay Loan

  • Fast loan disbursement within minutes.
  • Flexible repayment options tailored to your income flow.
  • No collateral is required for loan approval.
  • Competitive and low interest rates from partner loan companies.
  • Frequently Asked Questions
  • Answering common queries about borrowing from Opay:

How can I borrow money from Opay?

Download the Opay app, create an account, and apply for a loan through the Opay Credit service (e.g., Okash or Easemoni).

Does Opay give loans?

Yes, Opay provides loans through third-party platforms such as Okash and Easemoni.

How to Borrow Money from Opay without BVN?

Create a Basic (Tier 1) Opay account, apply for a loan through the app (Okash or Easemoni), and link your BVN later.

What is the USSD code to borrow money from Opay?

Dial *955# to access Opay loans through USSD.

How much can I borrow on Opay?

Loan amounts depend on the chosen loan company, credit score, and other factors. Users can borrow up to one million naira if all requirements are met.

Wrap up on How to Borrow Money from OPay App

Opay simplifies the loan application process, providing users with a convenient way to access funds. Whether you’re a first-time borrower or considering Opay for future financial needs.

You can also consider other legit loan apps like Specta, Alat, Carbon, Branch, and Kiakia amongst others.

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