First of all, allow me to introduce to you digital banking and when it actually started. Digital banking can be defined as a form of banking that carries out its operation online. That is, they provide services that are carried out on the banking hall online. This form of banking was first operational in Scotland in the year 1980 but went full fledge in the year 1985.
So today in our write-up we are going to be talking about online banking called Opay. Opay is a digital bank in Nigeria that carries its operations online. They provide all forms of services carried out in a banking hall online. These operations can be done with our smart phones or laptops that are connected to a functional internet. What can be done in a banking hall can be done in the comfort of our home. However, we shall be narrowing our write up to the following: how to borrow money from Opay, how to get a loan from Opay, and Opay loan.
Latest On How To Borrow Money From Opay In Nigeria
One important factor that you must have in mind is that Opay, like other digital banks, has made accessing loans in Nigeria very easy and affordable. No more worries when you remember that you want to get a loan from a bank. There is no need to get papers of your landed property or prove of ownership of your building to get a loan from the bank; all these are stories in the past with digital banking.
How to Borrow money from Opay
Sorry to disappoint you, Opay does not have a direct loan service; instead, they are in partnership with loan apps such easi money and Okash to perform this operation. What are we talking about? What this means is that Opay will redirect you to apps such as easi money when you request a loan from their bank app. So how can one borrow money from Opay?
- download the app from your play store or your apple store if you are an iPhone user,
- Register your correct details just the way they are registered in your BVN or NIN
- Having done this, you can request a loan
How To Get A Loan From Opay
Just as we mentioned earlier, Opay doesn’t have a direct loan app, however, they still render this loan service. Having done your registration, when you apply for a loan, the app will evaluate your credibility, and from the evaluation, a certain amount will be released to you. If you are faithful with your payment, you will be re-evaluated, and your loan amount or capacity will be increased. What this means is that, every time you repay a loan successfully, your loan amount will increase. One good thing about this loan app is that it cuts every form of delay and long waiting that one has to go through in a banking hall. Your documents will be passed from one desk to another, laying and waiting to be approved. But with this loan app, you can get a loan in five minutes
Opay Loan
Your Opay loans are easy with a low interest rate, you won’t have to pay through your nose. With Opay, you choose a flexible payment that is suitable for your income. It could be weekly or monthly, as the case may be. If you choose a monthly payment and you decide to pay weekly, you are still allowed to do so.
Finally
Digital banking has broken the monopolistic power of the orthodox banks, especially in Nigeria, where the banker will delay your time for a simple transaction; you will go through the eye of a needle before you will see your transaction carried out. Another important thing is that, most digital banks carry out most of their transactions free of charge. Unlike our orthodox bank that will charge you for SMS alert, maintenance fees,
