Opay Loan – How to borrow money from opay

Opay loan- Are you running short on cash and don’t have any income at the moment? Opay loan can be of help.

This guide will walk you through the process of borrowing money from Opay and how to repay your loan with ease.

Opay Loan Requirements

To borrow money from Opay here’s a list of their requirements:

  • Must be a citizen or resident of Nigeria
  • At least 18 years old
  • Bank account details
  • Bank verification number (BVN)
  • Email or phone number
  • Internet-enabled phone

Steps to borrow money from the Opay app

  1. Download the Opay app from the Google Play Store or Apple App Store and sign up for an account.
  2. After logging in, click on the “Loan” icon on the homepage.
  3. Select the type of loan you want to apply for and click on “Apply Now”.
  4. Fill in the necessary personal and financial information, such as your name, phone number, bank account details, and employment status.
  5. After submitting your application, wait for a few minutes for your loan request to be processed. You will receive a notification on your app once your loan has been approved.
  6. Accept the loan offer and the funds will be disbursed to your Opay wallet or bank account, depending on the loan type.
  7. Repay the loan on or before the due date to avoid extra charges or penalties.

See also How To Get And Activate Opay Atm Debit Card 2023

The Opay loan code is *955#. You can dial this code from the comfort of your home anytime you need urgent money from Opay. For this code to work, you need to have downloaded the Opay app and registered an account with Opay. If you haven’t done that before, you need to do that before proceeding with the Opay ussd code for a loan.

Interest rates

Opay loan interest rate can be anything from 5 percent to 15 percent. No additional hidden fees except if you fail to pay back as and when due.

For instance, if you take a loan of 10,000 naira and the interest rate is 5%, your repayment at the end of the month would be 10,000 naira plus 500 naira which is 10,500 naira.


Here are some frequently asked questions that may answer some of your quarries.

How Much Can I Borrow From OPay For The First Time?

You can borrow up to 50000 from OPay for the first time. After that, you may be able to get higher amounts if you maintain a good credit history with them.

To get started, simply download the OPay app and sign up for an account. Then, you’ll need to provide some basic information about yourself and your finances.

What If I Already Have An Account On Opay?

If you already have an account on Opay, you can simply log in and go to the Borrow section.

Here, you will be able to see all the different options for borrowing money. You can choose how much money you want to borrow and for how long, and then confirm your loan.

Once your loan is approved, the money will be deposited into your account within 24 hours. You’ll also receive notifications about when your payments are due.

When it comes time to pay back the loan, you’ll automatically get a notification from Opay with the details of when and where to make your payment.

Can I borrow money on Opay without BVN?

If you’ll like to borrow a loan from Opay without BVN, you can do that. All you need is to follow the steps listed earlier and make your request.


I hope this post on how to borrow money from Opay has helped you. If you have additional questions on how to get a loan from this app, please comment and I’ll reply to you as soon as possible.

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