Home Jambo Info Banking and Finance OKash Mobile loan app, How to download, register and apply, Contacts

OKash Mobile loan app, How to download, register and apply, Contacts

Mobile loan apps have undeniably taken kenyans by storm and their contribution in the economic life individuals (especially youths) cannot be ignored.

Despite their high interest charges, many people find mobile loan apps more convinient because of easy accessibility and timely processing.

In this article I will detailedly take you through all you need to know about Okash loan app.

Read also: New Senti Loan App downlaod, How to Register and Apply for Senti Loan, Minimum Borrowable amount, Senti Loan Contacts, Senti Loan Paybill

What is Okash loan app

- Advertisement -

The O-Kash service is microfinance mobile  loan that enables elligiel persons to qualify to borrow small amounts over short periods of time. The Service is operated by O-Play Kenya Limited.

OKash loans are not limited to any profession, income, or any other conditions. Provided one falls between the age bracket 20-55 years, entitled to a fixed income and phone number, he or she can apply for an OKash loan.

Before applying for the loan, one must first download the OKash loan app from the google playstore by clicking here.

OKash uses data from users phone including handset details and financial transactions messages (e.g. from M-Pesa, M-Shwari). One must provide a reason for borrowing.

Maximum Borrowable Amount

Currently during this pilot period the loan limit is KES 1,500 -4,500 only. However once the loan app goes live it will be up to a maximum of KES 500K.

Once the loan has been approved an origination fee is charged 14% for a term of 14 days and 16.8% for a term of 21 days.

OKash loan Repayment

Two days to the elapse of the loan repayment period, a loanee receives a reminder message prompting him or her to pay for the loan.

Payment can be made through the app or using M-pesa.

Late loan repayments automatically incur a late fee of 2% per day. It is therefore advised that one does not exceed the repayment period. Further, this could reduce your future borrowing score.

How to repay OKash loan via M-PESA?

OKash paybill number is 612224. Follow the steps below to repay your OKash loan with M-PESA.

1. Navigate to MPesa in your Safaricom menu on your phone
2. Select Lipa na M-PESA
3. Choose Paybill
4. Enter the Paybill number 612224
5. For account number, enter your MPesa number on which you received your OKash loan
6. Enter your repayment amount
7. Enter your M-PESA pin
8. Confirm that all details are correct and press ‘OK

OKash Loan App Contact

For further information, please contact OKash  via:
E-mail: help@o-kash.com
Tel: 020 7659988
WhatsApp: +254 758705699



Editor's Pick

Gov’t Reverses Funds Meant For BoM Teachers Salaries

Government has reversed funds that were recently sent to schools to cater for salaries of personnel employed by board of management(BoM). Kahi Indimuli, who is...

TSC Responds To Delayed Dispatchment Of Lydiah Ireri’s Casualty Letter

Teachers Service Commission has moved swiftly to respond to the case of Lydia Ireri, after she shared an emotional video. In the six-minute video, Ireri...

Gov’t Says TSC Teachers Set To Start Offering Community Service Lessons

The government has noted that Teachers Service Commission will come up with guidelines to see to it that teachers are offering community service lessons...

KNUT Members In Rude Shock After TSC Failed To Factor Them In July Pay Rise

Members of Kenya National Union of Teachers(KNUT) have been met with awakening shock after Teachers Service Commission, TSC, failed to increase their salary as per...

Babu Owino Makes ‘Special Appeal’ To President Uhuru Over Payment of Private School Teachers

Embakasi East Member of parliament Paul Ongili Owino alias Babu Owino has come to the rescue of Private school teachers who have gone through...