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

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



Popular Posts

KUCCPS Student portal login student.kuccps.net for 2020/2021 Admission Application

Kenya University and College Central placement service (KUCCPS) is a body that is responsible for admission of students to universities and colleges in Kenya....

Links to the Best Telegram Channels/Groups in Kenya

Telegram channels are increasingly becoming the best and easiest media of communication in Kenya. Apart from communication, they are also a source of unending...

How to create new TSC TPAD Account (https://tpad2.tsc.go.ke) for self appraisal

TPAD is a performance evaluation mechanism that assesses the performance of a teacher as per the set standards prescribed by the Commission. Section 52 of...

TSC website www.tsc.go.ke, TSC Latest News, TSC Online Payslips (T-pay), TSC Notices, TSC Downloads, TSC Online Services and How to register TSC online payslip

Teacher service commission (TSC) of Kenya is a body established by government of Kenya to manage human resource within the sector of education. Headquarter...

How to create/Activate new tsc tpad2 account using new url link tpad2.tsc.go.ke

Owing to complaints registered by teachers,TSC, has come up with a new tpad2 URL that loads faster. This means that now teachers will have...