How To Borrow Money From Opay: Opay Loan App Review 2023

If you’re in need of a quick loan from Opay, or you’ve been searching the internet on how to borrow money from Opay! Look no further, you’re in the right place.

Among the many reputable loan apps in Nigeria, Opay stands out for its exceptional lending services. Through the Opay app, users can instantly obtain loans from trusted lenders hosted on its platform.

Whether you’re wondering how to borrow money from Opay, how to secure a loan without a BVN (Bank Verification Number), or how to get an
Opay loan for your business using your iPhone or Android device , this comprehensive article has you covered.

In this article, you’ll find everything you need to know on how to borrow money from Opay loan. Discover the eligibility criteria, application process, interest rates, and loan repayment methods. Get the financial support you need with Opay’s reliable lending solutions.

Does Opay Give Loans?

Opay loan is a financial product of Opay, a popular financial technology platform in Nigeria Through Opay loan services, you can indeed get loan offers to its users through its opay loan application. With Opay’s loan services, individuals can access quick and convenient financing without the need for collateral or a guarantor in 2023.

Opay provides a user-friendly platform that allows borrowers to apply for loans through their mobile devices. Whether you have a smartphone or not, Opay has you covered. For smartphone users, the Opay app provides a seamless experience to borrow money. However, even if you don’t have a smartphone, you can still avail yourself of Opay’s loan services through the use of the Opay USSD code.

To apply for a loan with Opay, simply dial *955# on the phone number associated with your Opay account. Follow the prompts to select the “loan” option and complete your application. Opay will assess your eligibility based on certain criteria, and if approved, the loan amount will be disbursed directly into your Opay account.

It’s important to note that the loan approval and disbursement process may vary depending on Opay’s terms and conditions. Interest rates and repayment terms will also be outlined during the loan application process. Remember to carefully review and understand all the terms and conditions before proceeding with your loan application.

Opay Loan App

Opay loan app operates a mobile Fintec platform that provides micro-online banking and financial services to small business owners and many unbanked and under-banked individuals in Nigeria. With the Opay loan app, users can access a range of financial services which includes borrowing instant money in just few minutes.

As a user on opay, you have the opportunity to save money, make free transfers and recieve funds, buy airtime, pay bills and also enjoy free daily cashback on the app.

There are lots of loan apps in Nigeria, but Opay loan application houses some of the best lending services. This app gives users easy access to instant loans from reliable lenders on its platform.

Whether you’re looking for how to borrow money on Opay lan app, or you want to learn how to borrow money from Opay without BVN, how to get Opay loan on iPhone and Android, or how to request money on Opay, this review will help you out.

How Do I Borrow Money From Opay Loan App?

To borrow money from Opay loan app, simply follow the steps below:

• Visit your google playstore or ios playstore to download the Opay App.
• Log in to your Opay account on the mobile app.
• Click on the “finance” tab at the bottom of the homepage.
• Look for the “loan” option.
• Select your favourite between Okash and Easemoni and proceed to download it.
• As a new user, fill out the loan application form by providing accurate information about yourself, includin your name, phone number, and addres.
• Go with yor curent limit or enter the loan amount you want to borrow.
• Review your loan application details and click on ‘submit’.
• Once you have submitted your loan application, it will be reviewed and you will be notified of the loan’s approval or rejection within a few minutes or hours.
• If approved, the money will be sent to the account number you entered during your application process.

Opay USSD Code

Did you know that even if you don’t have a smartphone, you can still benefit from Opay’s loan services? That’s right! With the Opay loan code, you can access quick cash conveniently.

Here’s how you can use the Opay USSD code to access loans:

1. Dial *955# using the phone number linked to your Opay account.
2. Choose the “loan” option from the menu.
3. Follow the prompts to apply for a loan.
4. Sit back and relax as your loan is disbursed into your account.

No need to worry about smartphone limitations. With Opay’s USSD code, borrowing money has never been easier. Take advantage of this simple and accessible method to meet your financial needs.

Opay Account Number

An Opay account number consists of 10 digits and serves as a means to receive payments from other Opay users and banks in Nigeria. Similar to traditional bank account numbers like Gtbank, Firstbank, UBA, Zenith, and others, an Opay account number facilitates transactions and fund transfers.

Without your Opay account number, you won’t be able to fund your account or receive payments from both Opay customers and other banks.

The beauty of an Opay account number lies in its simplicity, it’s a number you are already familiar with. It serves as an identifier for your Opay account, allowing seamless transactions within the Opay ecosystem.

Now, let’s address the common question: Is your phone number the same as your Opay account number?

Yes, indeed! Your phone number, the one you used during the registration process, functions as your Opay account number. Upon successfully creating an Opay account, your registered phone number automatically becomes your Opay account number.

However, it’s important to note that while your phone number consists of 11 digits, your Opay account number will only use the last ten digits of your registered phone number. This distinction ensures compatibility with the standard 10-digit account number format.

With this, you can easily share your Opay account number (which is your registered phone number minus the first digit) to initiate transactions and receive payments through Opay’s secure platform.

How to Borrow Loan From Opay

To borrow loan from Opay, follow the following steps:

1. Visit the Google Play Store or iOS App Store and download the Opay App.
2. Log in to your Opay account using the mobile app.
3. Navigate to the “finance” tab located at the bottom of the homepage.
4. Look for the “loan” option.
5. Choose between Okash and Easemoni as your preferred loan provider and proceed to download the selected app.
6. If you are a new user, complete the loan application form by providing accurate personal information such as your name, phone number, and address.
7. Select the desired loan amount, either by sticking to your current limit or entering a specific amount you wish to borrow.
8. Carefully review the details of your loan application and click on ‘submit’.
9. After submitting your loan application, it will be reviewed, and you will receive notification of approval or rejection within a few minutes or hours.
10. If your loan is approved, the funds will be transferred to the bank account number you provided during the application process.

If you have been wondering “how to borrow loan from Opay, now you have the asnwers. Please remember to read and understand the terms and conditions before submitting your loan application and borrowing money on Opay. Familiarize yourself with the penalties for loan defaulters to ensure compliance and avoid any issues.

How to Open Opay Account

If you’ve been wondering on how to open Opay account, this guide will provide you with step-by-step instructions:

1. Download the Opay App Begin by downloading the Opay app from either the Google Play Store or iOS store. Once the app is successfully installed on your device, tap the ‘Register’ button.
2. Provide Personal Information Enter your personal details, including your name, phone number, email address, and create a strong and secure password. It’s important to ensure that all the information you provide is accurate as it will be used for account verification purposes. You can also use the referral code 8081421847 during registration.
3. Verify Your Account Upon providing your personal data, you will receive a verification code via SMS. Enter the code in the required field to verify your account. If you don’t receive the code immediately, you can request for it to be resent.
4. Set Up Your Wallet Create a six-digit PIN that will serve as your wallet authorization code for transactions on Opay. Choose a strong and memorable password for added security.
5. Fund Your Account Proceed to fund your Opay wallet by linking your bank account or making a deposit using your debit card. Follow the on-screen prompts to complete the deposit process.
6. Start Using Your Account Once your Opay account is fully set up, you can begin utilizing it for various financial transactions. This includes paying bills, shopping online, and transferring money to others.

By following these steps, you’ll successfully open an Opay account and gain access to its features and services.

How to Get Opay POS

Becoming an OPay agent presents a valuable opportunity to serve as a “mini-bank” for your local community. OPay, a rapidly growing Fintech company in Nigeria, excels in agency banking among other areas. This article serves as a comprehensive guide for OPay agents who wish to acquire a Point of Sales (POS) terminal for various transactions such as withdrawals, transfers, and deposits.

Once you have successfully signed up as an OPay agent through the OPay Agent Portal, you can proceed to apply for a POS terminal or machine. It is essential for agents to be familiar with the transaction patterns and user interface of the OPay App, as they should be able to carry out multiple transactions using the app within a four-week period.

To request an OPay POS machine, follow these steps:

1. Download the OPay App onto your device.
2. Sign in to your profile.
3. Upgrade your KYC (Know Your Customer) to Level 3 by following these steps:
4. Go to the ‘Me’ section.
5. Click on the picture icon at the top left to access Account Details.
6. Select ‘Upgrade to Level 3.’
7. Upload your picture.
8. Upload a valid ID card (International Passport, Voters’ Card, National ID, or Driver’s License).
9. Upload a recent utility bill (PHCN bill, water bill, rent receipt, LAWMA waste bill).
10. Upload your BVN (Bank Verification Number).
11. Submit your information. It typically takes 24-72 hours for the OPay team to review and approve/decline your KYC upgrade. You will receive email and SMS notifications once your KYC is approved.

Switch your profile to Merchant:

1. Go to the ‘Me’ section.
2. Click on the picture icon at the top left to access Account Details.
3. Select ‘Upgrade to Merchant.’
4. Fill in your business information, including the name and address of your business.
5. Click ‘Next’ and provide the required information.
6. Click ‘Upgrade.’ The OPay team will review and approve/decline your request.

Apply as a Merchant:

Once you have upgraded to KYC Level 3 and switched your OPay profile to Merchant, follow these steps to apply for an OPay POS Machine in Nigeria:

1. Log in to the OPay app on your device.
2. Select ‘Merchant Apply.’
3. Provide all the necessary information as requested.
4. Upload your transaction history for the past three months.
5. Upload a valid ID card (International Passport, Voters’ Card, National ID, or Driver’s License).
6. Take a snapshot of your business station and upload it to the portal.
7. Submit your application for review.

By following these steps, you can successfully apply for an OPay POS machine in Nigeria. The review process may take some time, but you will receive updates regarding the status of your application via email and SMS notifications.

How to Delete my Opay Account

There are two different methods to delete your OPay account: one through the website and the other via email. Let’s explore each method:

Deleting Your OPay Account Through the App

To delete your OPay account through the app, follow these steps:

1. Log in to your account: Open the OPay app and log in using your registered mobile number and password.
2. Contact customer support: Once logged in, reach out to the OPay customer support team through the in-app support channel, such as live chat or email. Inform them of your intention to delete your account and provide a reason for doing so.
3. Confirm the deletion: A customer support representative will guide you through the account deletion process and confirm the action.
4. Withdraw any funds: Before your account is deleted, ensure you withdraw any funds in your wallet to a linked bank account.

Remember that deleting your OPay account means you will lose access to your transaction history, account information, and any funds in your wallet. Consider alternative options before proceeding with account deletion.

Deleting Your OPay Account via Email

To delete your OPay account through email, follow these steps:

1. Compose an email: Open your email client and compose a new email addressed to the OPay customer support team.
2. Request account deletion: In the body of the email, clearly state your desire to delete your account and provide a reason for doing so. Include your full name, email address, and version information for identity verification.
3. Send the email: Once you’ve composed the email, send it to the customer support team using the provided email address found on the OPay website or app.
4. Wait for a response: The customer support team will review your request and contact you via email. They may require additional information or seek clarification before proceeding with the account deletion process.
5. Withdraw any funds: Prior to the deletion of your account, make sure to withdraw any funds in your wallet to a linked bank account.

Keep in mind that deleting your OPay account will result in the permanent loss of access to your transaction history, account details, and any funds remaining in your wallet. Consider all alternatives before finalizing the deletion of your account.

Frequently Asked Questions (FAQs)

What is Opay?

OPay is short for Opera Pay. It’s a comprehensive online payment platform that allows you to carry out a host of transactions. They include buying airtime, buying data, subscribing to Pay TV, paying electric bills, hailing a rider with OCar and OTrike, food delivery with OFood.

Other services include transferring money, sending and receiving payment with QR, investment with OWealth, lending services with OKash loan, funding your betting account, listing your products and services with OList and building an online presence with OLeads.

How to Obtain a Loan from Opay?

To borrow money from Opay, you must follow a few simple steps. First, download the Opay app and create an account. Once you have an account, you can apply for a loan using Opay Credit, which includes services like Okash and Easemoni.

Is Opay loan app Legit?

Opay Loan is legit and reputable instant loan platform. When it comes to giving out fast loan with seamless and swift approval, Opay can be counted upon. The app has gotten many positive reviews even on Google playstore.

Does Opay Give Loans?

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

Can I Borrow Money from Opay Without BVN?

If you don’t have a Bank Verification Number (BVN), you can still borrow money from Opay. However, you will need to create a Basic (Tier 1) account with Opay. Afterward, you can apply for a loan through the Opay app using either Easemoni or Okash. Keep in mind that without linking your BVN, you may be eligible for a smaller loan amount.

What is the USSD Code for Borrowing Money from Opay?

To borrow money from Opay, simply dial *955# to access the necessary USSD code.

What is the Maximum Loan Amount I Can Borrow from Opay?

The loan amount you can borrow from Opay depends on various factors, including your choice of loan company, credit score, and other criteria. However, if you meet all the requirements, you may be able to borrow up to one million naira.

Conclusion

Opay provides a convenient and reliable platform for borrowing money in Nigeria. With its loan services, such as Okash and Easemoni, users can quickly access funds without the need for collateral or a guarantor. Whether you have a smartphone or not, Opay caters to your needs through its user-friendly app and USSD code by ensuring accessibility for all.

By following the simple steps outlined in this article, you can easily apply for a loan, review the terms and conditions, and receive prompt disbursement of funds into your Opay account.