OPay – loan application

4.0 / 5  (467 reviews)
Maximum amount ₦50,000
Interest from 36.50%
Term 3 – 12 months
Your money in 5 minutes
Apply on official OPay website ad

Application does not commit you to a loan agreement. Loan is approved by OPay according to their terms.

Screenshot of https://www.opay.com, operated by: OPay Digital Services Limited, used under legitimate licence.

OPay screenshot

Contact

Company OPay Digital Services Limited
Address Lagos, Nigeria

OPay – repayment table

Estimated monthly repayments at 36.50% monthly interest. Actual terms confirmed upon approval.

Amount \ Term 3 months 6 months 12 months
₦10,000 ₦6,983 ₦5,317 ₦4,483
₦20,000 ₦13,967 ₦10,633 ₦8,967
₦30,000 ₦20,950 ₦15,950 ₦13,450
₦40,000 ₦27,933 ₦21,267 ₦17,933
₦50,000 ₦34,917 ₦26,583 ₦22,417

Representative example

Loan amount ₦26,500
Repayment term 12 months
Monthly interest 36.50%
Monthly repayment ₦11,881
Total interest costs ₦116,070
Total amount payable ₦142,570

* Example is for illustration only. Actual terms are confirmed upon loan approval.

Quick overview

Loan amount ₦3K – ₦50K
Term 3 – 12 months
Interest from 36.50%
Approval 5 minutes
Age 18+ years
Online application Yes

Requirements

  • ✓ Active OPay account
  • ✓ Valid BVN
  • ✓ Nigerian phone number
  • ✓ OPay wallet
  • ✓ Minimum age 18 years

Loan features

  • Micro-loans from ₦3,000 to ₦50,000
  • Terms 14-91 days
  • Interest from 36.5% per annum
  • Instant disbursal to OPay wallet
  • No paperwork
  • CBN licensed payment platform