How to download & install Okash, the most efficient mobile money-lending app in Kenyan market currently
BUSINESS
With the advent of mobile money-lending apps, many Kenyans especially the unbanked part of the population continue to embrace this mode of money borrowing to meet their immediate financial needs.
However, even as the madrush to secure loans from these apps seems to gain momentum, you want to ask yourself which micro-lending app among other things, understands your financial situation, process your loan application fast, protects your data, has flexible repayment schedule and is easy to use.
While it could be a herculean task to find such an app that incorporates all or some of the above listed qualities, Okash micro-lending app not only guarantees you the above listed but has also incorporated modern technology to make it user friendly.
Launched in March 2018, the app that is owned by Opera Group, the makervof popular Opera Mini browser, prides of more than 1 million downloads on Google Plastore and the numbers continue to grow by hour and day.
You think the app which currently has the highest maximum limits in the market is good enough to meet your immediate and biting financial need(s)? Well, below we take you step by step on how to download Okash app from Google Playstore.
Type “Okash” in the search box
Once the app pops up, click the ‘Install’ button
After installing the app, you will be required to create your account for you to access services on the app. Below is the procedure of creating a users account.
1. Open the app on your device
2. Click the sign-up button
3. Fill in your details.This includes:
a) Your Legal name
b) The national ID number (applicants should be 20-55 years)
c) The DOB (Date of birth)
d) Your Education level
e) Details of outstanding loans
f) Marital status
g) Monthly income
h) Employment details
i) Residential area
j) Referee’s Legal name
k) Referee’s Mobile Number
4. Verify your phone number
5. Activate your account
Once your account is active, the app analyzes your details to determine your loan limit.
Your credit score will be determined by your previous borrowing history.
The loans given out by Okash have a maximum of Ksh 500,000 and are given out within a very short period after application.
These loans attract a 5 per cent interest and take a maximum of 14 days to be repaid.
Applying for a loan from Okash
Here is a step by step procedure when applying for a loan from Okash Loan App.
1. Open the Okash app on your device
2. Log in to your account
3. Check the Loan limit displayed
4. Choose the amount you want to borrow (This should be less or equal to your loan limit)
5. Choose the duration of the loan. (This should not be more than the maximum which is 14 days).
In the next article we shall focus on the payment procedure of your Okash loan.