The loan business in Kenya is undoubtedly booming, this is due to the new entrant into the market called Okash. This article will take you through Okash Loan App Download steps so you can get a loan.
Okash is a Microloan service provider in Kenya was launched by Opera Software. Although the Loan App is still in Beta Phase, the company is seeking to begin by providing loans for 100,000 Kenyans.
Okash app download is done through Google play store. However, we are uncertain if there will be an option for USSD or IOS users. This is where we say that if you are an iPhone user you probably do not have many problems that require a loan.
Like many other loan apps in the country, the customers will receive loans from Okash ranging between Ksh 500 and Ksh 100000. Okash, however, plans to increase the loan limit to 500,000 on the upper side.
Must Read: Tala Loan App
Okash App Download
First, you will have to download the Okash app from the Google Play store
This should be followed by creating your account. You will be required to input your mobile number preferably Safaricom.
In putting personal details: After creating an account and adding your mobile number, you will be asked to fill various dialogue boxes with your personal information. It is important to ensure that these details are correct.
Here are some of the details you should fill in:
- Your Legal name
- The national ID number (applicants should be 20-55 years)
- DOB (Date of birth)
- Your Education level
- Details of outstanding loans
- Marital status
- Monthly income
- Employment details
- Residential area
- Referee’s Legal name
- Referee’s Mobile Number
Okash loan app download & Application steps
Upon completion, Okash will determine your loan limit based on the details you have provided. Up to this point, you must be in need of a loan so you can finish up the application by selecting a figure between your loan limit and the period that you wish to repay the loan. The loan amount will be sent to your mobile number so that you can access it via Mpesa.
Loans from Okash have a 14% interest rate such that every Ksh 1000 borrowed attracts an interest of Ksh 140. Ideally, the interest rate may be high but your urgency of a loan will be fixed.
Okash loan repayment
It is simple to repay the loan you’ve taken from Okash. All the steps are directly available within the App itself.
To repay your loan open the app and select “Make a Repayment” button. This will take you directly to Mpesa menu.
Once on the M-Pesa Menu, fill in your details and Pin then pay. That is how simple it is to repay your loan from Okash.
Okash loan contacts
Do you need Ookash loan contacts? Here is how to contact the loan provides:
The first way they can be contacted is through email, [email protected] you can use your mobile number as the subject of your email.