How To Apply and Repay OKash Mobile Loan Via Mpesa

By the end of this article, you will learn how to apply and repay OKash mobile loan via Mpesa in Kenya. OKash is one of the popular mobile loan apps in Kenya which is owned by Opera group the maker of the popular Opera mini browser. The Micro-lending product was launched back in March 2018 and currently has more than 1 million downloads on Google Play.

Users can download OKash app from Google Play and set up their account in seconds, select their preferred bank account, link their active bank card for repayment, fill out a set of questions, and get a decision on their loan application in minutes. Users can also set up accounts using their M-Pesa accounts.

One can get a loan from as low as Sh1,500 up to Sh500,000 at an interest rate of 1% daily, repayable within 14 days. The faster one pays off a loan, the higher you increase your loan limit. Make sure to provide authentic information about yourself when signing up to increase your chances of loan approval.

OKash uses data from your phone including your handset details and financial transactions messages, and the reason for borrowing to process a loan. If you have used OKash before, your repayment history is used to build an individualised credit score and determine the loan offer suitable for you.

OKash Mobile Loan Interest Rates

They charge 14% for a term of 14 days and  21% for a term of 21 days.

How to Repay OKash Mobile Loan in Kenya Via Mpesa 

1. Go to your Mpesa Menu

2. Select Lipa na Mpesa

3. Select PayBill

4. Enter 612224 as the business number

5. Enter your phone number as the Account Number ( the mobile number which you received your OKash loan with)

6. Enter the amount you want to repay

7. Enter your Mpesa pin and press OK

8. You will receive a transaction confirmation message from Mpesa.

OKash Mobile Loan Penalties 

Late loan repayments automatically incur a late fee of 2% per day. It is therefore advised that one does not exceed the repayment period. Further, this could reduce your future borrowing score. 

We have also been informed that Okash sends text messages and makes calls to random people from your contact list upon defaulting a loan. So be warned.

OKash Contacts 

If you have any questions, you can email OKash on with your registered M-Pesa number in the subject or call them using +254207658888.

Victor Matara

I help you to save time and live more with the most up-to-date lists, guides, reviews, and advice.