Getting access to quick funds in Nigeria has never been this easy, especially with how fast mobile banking and microfinance services are growing. Years ago, if you wanted a small loan to support your business or handle an urgent need, you would have had to visit a local branch, fill out papers, and wait for days, but right now, things have changed.
OKash, which operates under Blue Ridge Microfinance Bank Limited, is one of the licensed and recognized digital lenders in Nigeria, fully approved by the Central Bank of Nigeria (CBN). The app is designed to make it possible for anyone who meets their simple requirements to open an account and apply for a loan within minutes, all from their mobile phone.
OKash has already crossed over 10 million downloads on Google Play, surpassing Umba and CashX, proving how trusted and widely used it has become over time.
In this article, you’ll learn how to create an OKash account step by step, the requirements, and what to expect after registration.
What You Should Know Before Opening an OKash Account
Before you start, note that OKash works strictly under Blue Ridge Microfinance Bank, not any personal loan dealer or third-party agent. So, any message or call asking you to repay to a personal account should be ignored.
The app runs completely online, meaning no paper forms or office visits are needed. However, like most licensed financial institutions, OKash will need your BVN, income details, and valid phone number to verify that you are eligible to borrow.
You must:
- Be a Nigerian resident.
- Be between 20 and 55 years old.
- Have a monthly income (salary, business, or side job).
- Have a working phone number and bank account (they usually disburse into your OPay wallet or linked bank).
Step-by-Step: How to Create an OKash Account in Nigeria
Follow these steps carefully to avoid any registration issue:
Step 1: Download the OKash App
- Go to the Google Play Store and search for “OKash: Safe and Reliable Loan.”
- Make sure the app shows Blue Ridge Microfinance Bank Limited as the developer (avoid cloned versions).
- Download and install—file size is around 16 MB.
Step 2: Open the App & Register
- Tap Sign Up/Login.
- Enter your mobile number (linked to your BVN if possible).
- An OTP (One-Time Password) will be sent via SMS
- Type the OTP and confirm registration.
Step 3: Set Up Your Profile
- Fill in your basic information: name, ID type, and income range.
- Link your bank account or OPay wallet for receiving funds.
- Grant necessary permissions (contacts, location, SMS)—these are used to score your credit.
Step 4: Verify and Activate
- Answer simple questions about your job or business income.
- E-sign the digital consent form.
- Your account will be active instantly. You’ll then see your loan limit on the dashboard (usually between ₦3,000 and ₦200,000 for new users).
That’s it, your OKash account is created successfully, and you can now request a loan anytime directly from your phone.
Features You’ll See After Opening an OKash Account
Once logged in, your OKash dashboard will show:
- Available Loan Limit – how much you can borrow.
- Outstanding Balance—your unpaid amount (if any).
- Repay Loan – button for repayments.
- Get Funds—for new applications.
- Coupon Offers – Some users get 50% off interest discounts.
- Repayment Schedule – view exact due dates and breakdowns.
OKash Account Benefits
- No Collateral or Paperwork – 100% digital.
- Quick Disbursement – approved loans drop into your account or OPay wallet within minutes.
- Flexible Loan Terms – 91 to 365 days.
- Secure Platform – licensed by CBN, your data and BVN are protected.
- High Limit for Loyal Users – limits increase up to ₦2 million after consistent repayments.
Common Registration Issues and Fixes
Problem 1: OTP Not Received
- Wait for 60 seconds and tap “Resend.”
- If still not received, select “Call ”me”—OKash’s system can deliver OTP through voice.
Problem 2: Registration Failed or “Account Not Found”
- Ensure you’re using the same phone number linked to your OPay or BVN.
- Reboot the app and try again after some minutes (network downtime can delay verification).
Problem 3: App Not Installing
- Clear the Play Store cache or update your Android system (Android 5.0 or higher required).
FAQs
Q1. Do I need BVN to open an OKash account?
Yes, your BVN helps them verify your identity and prevent loan fraud.
Q2. Can I use another person’s phone number to register?
No. Always use your own active number. That’s how OKash sends OTPs and repayment alerts.
Q3. Can I open an OKash account without OPay?
Yes, but OPay is preferred for faster disbursement and repayment.
Q4. How long does it take for account approval?
Usually less than 5 minutes after OTP verification.
Q5. Is OKash safe and licensed?
Yes. OKash is owned and managed by Blue Ridge Microfinance Bank Limited, licensed by the CBN and insured by NDIC.
Conclusion
Opening an OKash account is straightforward and takes only a few minutes. The app runs smoothly, is safe, and is built for Nigerians who need quick financial support without stress. Once your account is verified, you can easily access loans, repay, and even increase your credit limit over time.
If you’re new to digital lending, OKash is one of the few microfinance-backed apps that combines fast processing with real accountability and transparent terms. Always ensure you use the official app and repay your loans on time to keep your account in good standing.
