OPay – Loan details
OPay micro-loans up to ₦50,000 through the OPay app.
Loan amount
₦3K – ₦50K
Interest from
36.50%
Term
3 – 12 months
Approval
5 minutes
Pros
- ✓ One of Nigeria's largest fintech platforms
- ✓ Very fast loan disbursement (minutes)
- ✓ Available nationwide via agent network
- ✓ No collateral required
- ✓ App-based convenience
Cons
- ✗ Very short repayment periods (14-91 days)
- ✗ Higher annual interest rates
- ✗ Low maximum loan amounts (₦50,000)
- ✗ Only for OPay registered users
Requirements
- Active OPay account
- Valid BVN
- Nigerian phone number
- OPay wallet
- Minimum age 18 years
Company information
OPay Digital Services Limited
Lagos, Nigeria
https://www.opay.com
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.