How to Get a Loan from OPay Without Losing Your Mind (Or Your Socks)
So, you’ve spent the last of your money buying suya for someone who said, “I’m not really hungry,” only for them to finish the whole plate. Now you’re broke, payday is still far away, and you’re thinking, “Maybe I should sell my kidney on Jumia.”
Wait!
Before you list your internal organs for sale or start dancing for coins on TikTok, let’s talk about something far less painful: getting a loan from OPay.
Yes, OPay—the same app you use to buy airtime, pay NEPA bill, and stalk your account balance like it owes you money—can also give you a loan. And no, you don’t need to wear a suit or bring five guarantors and your village chief to qualify.
Table of Contents
Here’s a stress-free, laugh-out-loud guide to borrowing money from OPay—without losing your pride in the process.
First, What Is OPay?
In case you’ve been living under a rock or using a Nokia 3310, OPay is a Nigerian fintech app that basically lets you do everything short of frying plantain. You can use it to:
Send and receive money
Buy airtime and data
Pay bills (electricity, water, DSTV, etc.)
Order food (bless their soft hearts)
And yes—get a quick loan without crying in the bank queue
What is OKash? (a.k.a. OPay’s Money-Sharing Cousin)
Now, the loan feature on OPay is offered through OKash, which is like that cousin who always has cash but will only give you if you promise to pay back with small interest (and maybe your soul, but we’ll get to that).
OKash is a micro-lending platform available on the OPay app. It’s fast, digital, and drama-free. You won’t need collateral, no paperwork, no “come back tomorrow,” and definitely no awkward face-to-face interviews where someone asks why you need ₦5,000 to “recharge your spiritual energy.”
Step-by-Step Guide: How to Get a Loan from OPay (a.k.a. How to Borrow Like a Boss)
Step 1: Download and Set Up the OPay App (If You Haven’t Already)
If you’re still using stone and chisel to make payments, kindly visit the Google Play Store or Apple App Store and download the OPay app.
Set up your account using your phone number and verify it with an OTP. You’ll need to:
Fill in your basic info
Link your BVN (don’t worry, they’re not planning to steal your destiny)
Set a 4-digit PIN that you can remember even when you’re half asleep
Already have the app? Great. You’re one step closer to not being broke.
Step 2: Locate the Loan Section (aka “The Money Button”)
Once inside the OPay app:
1. Scroll or tap to find “OKash” or sometimes “Loan” depending on the app version
2. If you don’t see it, check under “Finance” or tap the “More” icon
3. You’ll be redirected to OKash where the money magic happens
At this point, try not to get emotional. You’re not yet rich. But you’re close.
Step 3: Apply Like the Responsible Adult You Pretend to Be
Here comes the juicy part.
Click “Apply Now”
You’ll be asked to grant permissions (location, contacts, SMS, etc.)
> Why do they want your contacts?
Well, if you ever default, don’t be surprised if your cousin Chidera gets a text saying, “Your brother is owing us ₦4,000 and hiding. Help us recover the money.”
It’s all part of the risk management game.
Fill out your:
Employment status (even if you’re “self-unemployed,” just try)
Monthly income (don’t lie too much, they’re watching you)
Next of kin (not someone who will deny knowing you under pressure)
Step 4: Choose Your Loan Amount & Tenure (aka “Money Menu”)
Now, you’ll be given a loan offer based on your:
Credit score
Transaction history on OPay
Level of financial sense (a.k.a. vibes and BVN)
Typical first-time users get around ₦3,000–₦10,000, which is enough to:
Buy fuel (if you own a car or generator)
Buy shawarma for two (if you’re dating a foodie)
Or survive one more week in this economy
Repayment periods range from 7 to 91 days, and the interest rate is usually between 3% and 30% depending on how generous the algorithm is feeling.
Step 5: Confirm and Receive Your Money (Cue the Hallelujah Chorus)
Once you accept the offer, the money will be credited to your OPay wallet faster than you can say “urgent 2k.”
No queues. No delay. No “our network is down.”
Just like that—you’re funded.
Now breathe. You did it. You’re officially a digital borrower.
What to Do With the Loan (Besides Blowing It on Shawarma)
Just because you got the loan doesn’t mean you should start living like a baller. This isn’t CBN. Be wise.
Here are some smart (and not-so-smart) things to do with your OPay loan:
✅ Pay NEPA bill before they cut your light mid-football match
✅ Fix your leaking roof (especially if rainy season is threatening your ceiling fan)
✅ Buy goods for your business (sell now, repay later—smart move)
Don’t use it to buy data just to watch TikTok for 4 hours straight
Avoid sponsoring other people’s enjoyment. You’re not a philanthropist (yet)
How to Repay the Loan Without Stress (Or Drama)
Let’s not forget the most important part: paying back. Because if you don’t, OKash will remind you. Repeatedly. Loudly. Sometimes even via your neighbor’s phone.
To repay:
1. Open the OPay app
2. Go to OKash
3. Click “Repay”
4. You can pay via your OPay wallet or your linked ATM card
Try to repay before the deadline to avoid:
Late fees
Harassing calls
Spiritual guilt
Public humiliation via SMS
Plus, timely repayment boosts your credit limit, meaning you can borrow more next time. More money, less shame.
Pros of Borrowing from OPay
Fast and easy application
No paperwork or collateral
Funds are disbursed instantly
Repayment is digital—no trekking to bank
Good repayment history = higher limit next time
Cons of Borrowing from OPay
They might bug you (and your uncle) if you default
Interest rates can be a bit spicy
Low starting loan amount (₦3k won’t buy you a private jet)
Data-hungry app—they need access to your financial soul
Tips for First-Time Borrowers (a.k.a. Don’t Be That Guy)
1. Start small: Prove yourself with a tiny loan before going for the big boys.
2. Pay early: OKash loves punctual people. Be their favorite child.
3. Don’t over-borrow: If your income is ₦20k/month, don’t borrow ₦50k to flex. That math is not mathing.
4. Ignore peer pressure: If someone says “just default, they won’t do anything,” please block them. That person is a national threat.
Final Thoughts (Because We Love Closure)
Borrowing money is serious business—even when it’s done through an app with a friendly interface and bright green logo.
OPay, through OKash, offers a fast, legit way to get emergency funds in Nigeria. Whether it’s for groceries, school fees, or just to survive another episode of Nigerian adulthood, it’s there when you need it. But borrow wisely, repay promptly, and never—NEVER—use a loan to chase someone that’s clearly not interested.
So, the next time your account balance is looking like a joke, remember: OPay’s got your back (for a small fee, of course).
Now go forth, borrow responsibly, and may your repayment always be on time.
Still broke but smiling? Share this post and spread the joy. Someone out there needs to laugh and learn.
