With Opay, you can get loans of up to N1 million. These loans can help sort business needs and personal bills. More to that, the Opay loan can be accessed easily.
Well, to access Opay loans, you need to get information about how it works and how to borrow money from Opay.
That’s where this article comes in. In this article, you will be reading about how to borrow money from Opay. First, let’s begin by checking out how Opay works.
How Does Opay Work?
Opay is a financial technology platform that helps users sort out financial solutions. This app allows users to perform transactions such as payment of bills, transfer of funds, airtime payment, and several other operations. It helps users these transactions in seconds.
With the Opay app, you can also borrow money to solve financial problems. You can get these loans within hours after making a loan request.
In addition, it is accessible to all. This means that you do not need a smartphone to get a loan from Opay. You can use other means, such as the USSD method, to get a loan.
Individuals and small businesses benefited from getting Opay loans. This is because of the low interest rates and ease of disbursement.
If you’re interested in obtaining an Opay loan, then the next heading is for you. It will explain in detail the criteria needed for that.
Requirements For Opay Loan
Here are the eligibility criteria to borrow money from Opay:
1. Must Be Of Responsible Age
Opay loans are open to those within the responsible ages. This means only those who are above the age of 18 years would be allowed to get an Opay loan.
2. Should Have A Means Of Identification
Those who wish to obtain a loan from Opay should have a means of identification. This may include a government-issued identification card or a National Identification Number slip. Any of these documents would be accepted to obtain an Opay loan.
3. Must Have An Active Opay Account
Anyone interested in getting an Opay account should be an Opay app customer. You should possess a fully updated account on Opay to do that.
4. Should Possess An Opay-linked Phone Number
Applicants should possess a phone number associated with their Opay account. This phone number should be active in case of verification.
5. Must Have A Good Credit Score
Interested individuals in the Opay loan should ensure that they possess a good credit score rating. This rating would influence your loan request rate. A bad credit score would cause your Opay loan request to be disapproved.
6. Applicants Must Provide Correct Details
This entails that all information provided in application for the Opay loan should be correct. Those who fill in the wrong information will be disqualified from receiving the Opay loan.
So far, you’ve read about the requirements needed to obtain a loan from Opay. Now, let’s see methods where you can access these loans.
How To Borrow Money From Opay Using The Opay App
Here is a step-by-step guide on how to borrow money from Opay Using the Opay app:
Step 1. Open The Opay App
On your smartphone, locate the Opay app on your device. Well, if you don’t the app, kindly install it from your device’s app store. The Opay app is available on iOS Store and Google Play Store. Then, after signing up, open the app.
Step 2. Click on “Finance”
After opening the app, click on the “Finance” tab on your smartphone. It is usually located at the top half of your screen. So, when you find it, click on it. This is the only route to access the Opay loan features.
Step 3. Select Your Money Lender
After you’ve clicked on the “Finance” tab, you’ll be displayed with three options. These three options are the available money lenders on the Opay App. They include the Easemoni, Okash, and. So, select one and proceed to the next step.
Step 4. Fill Your Application Form
The next thing that would be displayed to you would be an online application form. This application form would request for your information.
Kindly enter the correct information about yourself and your occupation to access this loan. Note that inputting wrong information about yourself may lead to a ban.
Step 5. Select Your Desired Amount
On the next page, you’ll be asked to select your desired amount. So, kindly select the amount you wish to get and click on it.
Step 6. Submit Your Loan Application
After you’ve cross-checked on your inputted information, the next thing would be to submit your loan application. Be aware that the information you fill in the application form will be verified by Opay before you obtain a loan from the platform.
Step 7. Wait For Approval
In the next few hours, kindly check your Opay app if you’ve been approved for a loan. If your loan has been approved or disapproved, you’ll be notified.
How To Borrow Money From Opay Using The USSD Code
Below are the steps to borrow money from Opay Using the USSD Code:
Step 1. Dial *995#
Navigate to the Dial Pad of your smartphone and dial *995#. This code is a customized USSD Code to access all Opay services if you don’t have a smartphone. It is a faster and stress-free
Step 2. Select “Loans” Option
Among the array of options that you’ll be shown, an option labeled “Loans” will be displayed to you. Kindly select the number that corresponds to the “Loans”.
Step 3. Follow The Prompts
After that, follow the prompts on the screen. This prompt contains guidelines to follow to access the Opay loan services.
Conclusion
When it comes to getting loans, only a few platforms beat Opay. However, to enjoy the Opay loan packages, you need information. Thankfully, this article has provided in-depth information on how that can be done. If you have any issues applying for Opay loans, kindly use the comment section.