Does Opay give a loan? Find out now!

While Opay is one of the leading finance technology companies that offers various financial solutions, whether Opay gives loans is the focus of this article.

With Opay, you can perform various financial transactions, like airtime top-ups, fund transfers, bill payments, cable subscriptions, cash withdrawals, etc. However, Opay doesn’t give direct loans to their customers; rather, they partner with third-party financial institutions to offer loans to borrowers.

Opay Overview

Does Opay give a loan

Opay is a fintech company that has revolutionized the financial sector in the country and beyond. It is known to provide a variety of financial services to its esteemed users. 

With more than 35 million active users, Opay has gained popularity in the financial sector, and it is expected that in no distant time, their services will be available in every corner and cranny of the country and beyond.

Does Opay give loans?

The answer to this question is yes or no, depending on the perspective from which you view it.

The truth is that Opay doesn’t offer loans on its own; rather, it partners with a third party to give them out. So, if your question is to know whether Opay gives out loans independently, then the answer is ‘’NO’’.

However, it is possible to get a loan from Opay in conjunction with their third-party affiliation. If you apply for a loan through Opay, the loan will be disbursed to you through Blue Ridge Microfinance Bank. 

Summarily, while Opay doesn’t give out loans independently, it is possible for borrowers to access loans from Opay through their third-party affiliation.

How Opay Loan Works

As we noted above, Opay partners with a third-party financial institution, Blue Ridge Microfinance Bank, to offer loans to borrowers.

What happens is that the loan agreement, like credit limit, interest rate, etc., is usually domiciled with Blue Ridge Microfinance Bank, while the loan amount will be disbursed to your Opay wallet and during the repayment period, the fund and the interest accrued will be deducted automatically from your Opay wallet.

To this end, you can apply for the loan through your Opay app since there is a mutual agreement between Opay and the bank. If your loan is approved, the loan amount will be disbursed to your Opay wallet, and you can still repay the loan through the same app.

Opay Loan (Easemoni and Okash)

Ordinarily, Opay doesn’t offer loans independently; they partner with Easemoni and Okash to offer loans to their customers. It is worthy of note that Opay is not a stand-alone company; hence, they work with third-party institutions to give loans to their customers. In all, Opay partners with Blue Ridge Microfinance Bank to give loans to borrowers.


  • Nwibo Calistus

    My name is Calistus. I am a seasoned financial expert with over four years of experience in the financial sector. With a background in accounting and financial management. Throughout my career, I have demonstrated a commitment to empowering individuals and businesses to make informed financial decisions. I am passionate about simplifying complex financial concepts. Which is evident in my published articles that are characterized by clarity, depth, and practicality. In addition to writing, I am also a financial adviser and a consultant. I have been invited to different industry conferences and events where I shared expertise and guidance on financial management and how to scale up businesses. So, if you need writing, speaking engagements, or consulting work, I remain committed to empowering individuals and businesses to achieve financial success and security.

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