and just how easy it is to be a Mobile loan apps have grown almost threefold here in Kenya, exerting some pressure on traditional USSD based service providers such as Mshwari and KCB-Mpesa. With the introduction of OKash by Opera Software, there’s no better time to review terms and interests charged on loan applications approved for a short term loan. And as of today, OKash is currently the most popular loan app; at least from statistics of downloads from the Google Play store.
According to Opera’s Managing Director Eddie Ndichu who was speaking on the tremendous positive response the app has received from Kenyans, he acknowledged presence of enormous demand for short term loans in the market with incentive for earlier repayment which is the model taken by OKash. OKash, alongside M-Pesa, enables users to access small loans for an interest as low as 1 percent per day and a loan term of a maximum of 14 days.
“We know that there are more than 20 million people in Kenya who use loans actively every day and we want to give them a high-end product with an exceptional user experience to make their life more comfortable when applying for and making payments with loans,” says Mr. Ndichu.
“The faster a user pays off an active loan, the sooner they can request a new loan. Users with timely and consistent repayment behaviors can apply for a single loan up to 500,000 KES at a total interest of 5 percent,” reads a statement from the company.
How to Get OKash and Start requesting loans from your mobile phone;
- Download OKash app from Google Play store.
- You’ll need to create an account before using the app, and a mobile number is mandatory
- While at it, personal details such as Names, ID no, Date of Birth, level of education, current monthly income, marital status, employment details, residential status, referees names and mobile number as well as details of any outstanding loans will have to be entered.
- After you’ve successfully created an account, you can now proceed to request a loan.
- As one of their conditions, users need to be between age range of 20-55 years.
- Good luck
Okash you people are not serious, have been applying for a loan for the last two months what’s all this?
Comment:thiefs don’t last where is my 350 I paid on Thursday last week branch have given me 5times talla once kcb countable and they don’t need registering.
I am try to borrow loan from this app but it refused to give me what happen
Comment:I have tried many times but still can’t be proven why only me
Plz mnisave na difitz ya okash plz i have problem my no 0725811500
Comment:nime kopa pesa kwa okash, but sizioni kwa mpesa
yangu
iv’e tried to request for a loan and i have not yet been aproved…
Comment:I have tried accessing it don’t how should I do it
Applied for a loan and was told my name’s doesn’t match the I’d yet it’s the correct one
Comment
I have tried to borrow loan but not, why?.
Comment:i applied for a loan last week and after verification i was told to wait for 24hrs for the money to be disbursed but i haven’t recieved it yet, whats wrong?
I have tried to ask for the loan but it seems its impossible what might be the problem
how I can withdraw money from okash
Why i you joking with people proplems yet you dont give out cash.i you trying to joke with our minds mko chini sana
Am purely pieced off
Comment:where do I start to apply a loan
Ihave try soo many times but still not yet why?
Comment:need a loan to boost my business
Applied after completing filling registration form but was rejected. Pliz make me understand what went wrong not to be given a loan
Have tried to apply for loan but all in vain would i know the reason why i cannot get a loan
Comment:nimejalibu kuapply loan bt imekataa ninaomba munisaidia kuapply plz
5000
Comment: I have tried to borrow loan by couldn’t approved what could be the problem?
I tried to download form for application but I did not get.
Comment:i have paid my loan before the due date and I have been unable to access another loan
I have been trying to request loan for several times but no response, what is the problem
How can you challenge Kenyan’s that you owe loan
Comment:i want to add my stoke in my small mini shop
naeza pata loan aje kwa okash nikona haja nayo inisaidie mahali
Comment:i challenge them kupitia vle nimejiinua na mkopo wa okash na kuwaabia wajaribu na watasaidika ad to tell them okash is real
I tried to apply but is not going though
Do i need a deposit so that i can be approved to this loan
Nimeapply loan but sipati
Why is my loan not approved since yesterday?
My loan has not been approved and paid my loan balance fully
Comment:business
Have Paid previous loan but cannot access another one why please?
Poor service
Comment:Have already applied my loan but no response
Comment:nmerequest loan na sijapata any
I have tried to apply but is not approved why and I have been trending with tala , branch what’s up
I have tried to apply for yours loan and it is not approved yet am trending with tala and branch what’s up guys.
Comment:I have tried to apply for loan but I have not approved wats up guys,, and branch just they offer loans
Comment:okash bure kabisa kwani mtu akiwa quality anatoa nini ili akuwe amequalifire loan silly u guy mnaribia watu tyme of installing the app.
Take Okash loan at your own risk
Comment:
I’m Alex oroo onkui it asks verification code which I don’t have pls help
I applied for a loan last month and it still waits approval how will it help when it comes next month.To me you serve very pooly
Comment:I Ned loan
Comment:I need to apply a loan for boost my business.