Amidst this unstable economy, the Central Bank of Nigeria has licensed a number of Microfinance Banks such as Paycom which has opay as a subsidiary.
Opay is a subsidiary of the PayCom Microfinance Bank which is licensed by the CBN to operate on limited transactions.
Opay can issue Micro loans and even term loans to customers who do not have outstanding loans from other commercial banks or financial institutions in the country.
This second quarter of the year (2022) the PayCom management has taken a high risk to give loans to willing customers who need their facilities without collateral or physical address verification.[irp]
Micro Lending to desiring customers
Anyone who is in need of a quick loan to settle some household needs can apply and will be credited within 5 minutes of submitting such application.
The company has taken a different dimension from what their counterparts are doing. Instead of calling your friends and contacts, they rather charge you a little fee when the loan is overdue.
Who can apply for the loan?
1. Any Nigerian can apply for the loan and it will be approved.
2. Any Nigerian who is at least 18 years of age and above can apply.
3. Any Nigerian who has a Bank Verification Number (BVN) can apply.
How to apply?
When these criteria are met you can simply apply through the link below.
How is the loan disbursed to successful applicants?
Receiving cash is actually made easy with the Okash loan app. Simply supply all your Bank details and the loan will be credited to you within few minutes of reviewing the application.