Opay Loan App Review | How to Apply for a Loan at Opay Mobile App

Opay Loan App

Opay Loan App Review

Opay Loan app

Do you wish to get a loan in Nigeria? Scouting for a good loan app to borrow money from in Nigeria? Then, Opay could be the answer just for you. With Opay, you can get up to N5,000,000 (five million naira loan) with a good payback plan.

In this article, we have reviewed the Opay Loan app. Want to find out more about Opay? Then read till the end of the article.

Is Opay a Loan Company?

Wondering where you can access quick loans in Nigeria? Opay is one of the registered and approved loan companies in Nigeria. Are you looking for a good company where you can get a good loan with low interest? Then Opay could be your perfect choice.

Is Opay Giving Out Loans?

At the moment, Opay is giving out loans to all their registered customers. To access the Opay loan plan, you may be required to register or create an account with the loan company.

How Can I Apply for Loan at Opay?

To apply for a loan at Opay, you will have to follow the steps below:

  • Visit Google Play Store to download the company loan app. You can also get a direct download link from the company’s official website.
  • Once downloaded, create an account on the mobile app.
  • Fund your account with a minimum of N5,000. This is to enable Opay to issue you the opportunity to grab a loan from them. It is actually a criterion.
  • On the app, apply for a loan.
  • Fill in the required information
  • Submit for review.
  • After reviewing your application, Opay will decide if your application meets its requirements.


Requirements for Opay Loan Application

  • Be at least 18 years of age
  • A valid BVN
  • A personal email account
  • A personal bank account
  • A Debit Card with at least 3 months of Validity


👉 See other loan requirements here.

How much can I borrow on Opay for the first time?

Opay offers a loan of about N3,000,000 (three million naira) held by the borrower for a period not less than 2 years. Your first loan from Opay app would be a maximum of N5,000 five thousand naira. If you can build up a good lending and payback relationship history with Opay, you will be qualified for higher loans eventually.

Can I borrow 500000 in Opay?

At the initial stage of your customer-hood with Opay, you will only be allowed to borrow from N1,500 to N500,000 with a duration of about 60 days. The interest percentage rate is usually 10% to 30% depending on the customer’s preferred loan package.

What will happen if I don’t pay my Opay loan?

If you don’t make your repayment by the due date, Opay may charge late penalties, suspend your loan account, report you to the national credit agency, and possibly permanently bar you from borrowing from other reputable lending organizations.

Is my BVN safe with Opay?

Yes, your BVN (Bank Verification Number) is 100% safe with Opay. During loan request, Opay will demand for your BVN for verification and loan processing. Opay will not and cannot withdraw your money from your bank account using your BVN.

👉 See How to Get Loan without BVN

Opay can only blacklist your BVN under the CBN watch and this only occurs after you have breached the contract of paying back the already acquired loan.

How do I remove my BVN from Opay?

To remove your BVN and other information from the Opay database, all you have to do is to write a request to Opay via help@Opay.com, asking them to delete your information from their website or database.


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