Okash — review & details

In Personal loans · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

FCCPC-approved but one of the most expensive options, with a history of aggressive collection complaints. Included for transparency, not as a recommendation.

High cost — caution

Okash

FCCPC-approved but one of the most expensive options, with a history of aggressive collection complaints. Included for transparency, not as a recommendation.
★★★☆☆
3.0/5 · How we rate
₦3,000 – ₦500,000
Loan Amount
daily 0.1% – 1% (APR ≈ 37% – 360%)
Monthly Interest
FCCPC-approved (DML)
Licence
—
Deposits Insured
small
Amount Tier
digital
Provider
Pros
  • Fast, small, no collateral
  • On the FCCPC-approved register (not among the delisted illegal apps)
Cons
  • Very high effective APR (up to ~360%)
  • History of aggressive/abusive collection complaints — know your rights
  • Short terms; easy to roll into a debt cycle
Fees, eligibility & documents
Fees
CostVery high - up to ~360% APR; check before borrowing
FeesConfirm the total repayable in-app
Late paymentLate fees + credit-bureau report
Eligibility
  • 18+ Nigerian resident
  • Active BVN
  • A smartphone and a Nigerian bank account
Documents needed
  • BVN
  • Valid ID
  • Phone number and app/data access
Visit Okash

How Okash compares in personal loans

Okash scores 3.0/5 in our personal loans rankings. Our current top pick is FairMoney (4.4/5). Always compare a few before you decide — see the full personal loans comparison.

Okash
3.0/5 · this page
 FairMoney
4.4/5
 GTBank (QuickCredit)
4.3/5
Loan Amount ₦3,000 – ₦500,000 ₦3,000 – ₦3,000,000 —
Monthly Interest daily 0.1% – 1% (APR ≈ 37% – 360%) 2.5% – 30% (by credit profile) —
Licence FCCPC-approved (DML) CBN microfinance bank Product of Guaranty Trust Bank, a CBN-licensed commercial bank
Deposits Insured — Yes (NDIC, to ₦2m) —
Visit Okash → Visit FairMoney → Visit GTBank →

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Details last checked: August 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.