How to Borrow Money From OPay in 2026: Learn how to borrow money from OPay using the OPay Loan (EaseMoni) feature. Includes eligibility, requirements, loan limits, interest rates and repayment methods.
If you’ve been searching for how to borrow money from OPay, you’re not alone. Many Nigerians rely on OPay for fast and reliable mobile banking. What many users don’t know is that OPay also provides access to quick loans through its lending partners, especially EaseMoni and EaseMoni. These loans are designed for short-term emergencies, business needs or everyday spending.
This guide walks you through how OPay loans work, how to access them, the requirements, loan limits, interest rates, repayment steps and everything you need to know before applying. The goal is to give you a clear, simple and practical breakdown you can follow on your phone.
Does OPay Give Loans?
Yes, OPay gives loans through third-party lenders that operate inside the OPay app. The most popular option is EaseMoni, which is officially integrated with OPay’s ecosystem. With EaseMoni, you can request quick loans and receive the money directly in your OPay wallet.
Many people believe OPay itself doesn’t offer loans, but that’s not entirely true. While OPay may not be the direct lender, the loans are accessible inside the OPay platform, making the process easy and secure.
Requirements to Borrow Money From OPay
Before you can access the OPay loan service, you must meet a few requirements. These conditions help lenders determine your eligibility.
1. OPay Account
You need an active OPay account. If you don’t have one, download the OPay app from the Google Play Store or Apple App Store and sign up.
2. BVN Verification
Your BVN must be linked to your OPay account. This helps lenders verify your identity and assess your credit score.
3. Updated Profile
Your OPay profile should be complete with your full name, phone number, date of birth and residential address.
4. Active Phone Number
Make sure the phone number connected to your OPay account is accessible. You’ll receive verification codes and loan updates through it.
5. Transaction History
A consistent transaction history on OPay increases your chances of qualifying for higher amounts.
6. Good Credit Score
Apps like EaseMoni use credit scoring systems. Paying past loans on time helps you qualify for bigger amounts and lower interest rates.
How to Borrow Money From OPay (Step-by-Step)
Here’s the detailed, step-by-step process you can follow to borrow money from OPay through EaseMoni:
Step 1: Open the OPay App
Launch your app and make sure you’re logged in.
Step 2: Go to the “Finance” or “Loans” Section
Depending on your app version, you may see categories like “Finance,” “Loan,” or “EaseMoni.” Tap on any of them.
Step 3: Select EaseMoni
You’ll find EaseMoni listed as a loan provider. Click on it to open the EaseMoni loan interface.
Step 4: Grant Permissions
EaseMoni needs certain permissions like access to your phone number and basic device information. This helps them verify your identity and reduce fraud. Tap “Allow.”
Step 5: Complete Your Loan Profile
You’ll be asked to update personal details such as employment info, contact details and identification.
Step 6: Check Available Loan Offers
EaseMoni will show you the amount you are eligible to borrow. For first-time users, the amount may be small, usually between ₦3,000 and ₦10,000.
Step 7: Choose Your Loan Amount and Duration
Select your preferred loan amount and repayment duration. Longer durations usually come with higher interest charges.
Step 8: Submit Your Loan Application
Review your details and tap “Submit.” Your request will be reviewed instantly.
Step 9: Receive Your Loan
If approved, the money is sent directly to your OPay wallet within minutes.
Loan Amount Limits on OPay (EaseMoni)
Your loan limit depends on your credit profile. Here’s a general idea:
First-time borrowers: ₦3,000 to ₦10,000
Regular users: ₦10,000 to ₦50,000
Long-term users with strong credit history: Up to ₦100,000 or more
The more you borrow and repay on time, the more your loan limit increases.
OPay Loan Interest Rate
Interest rates vary depending on the loan duration and your credit score. Generally, EaseMoni charges:
Interest rate: 3% to 30%
Loan term: 7 to 91 days
Processing fee: Can range from ₦100 to ₦1,000
Always review your loan terms before accepting any offer.
How to Increase Your OPay Loan Limit
Here are clear ways to qualify for bigger loan amounts:
1. Repay Loans Early
Early repayment boosts your credibility and automatically increases your limit.
2. Increase Your OPay Activity
Using OPay for transfers, airtime purchase, bill payments and savings improves your profile.
3. Maintain an Updated Profile
Ensure all your details are accurate. Incomplete profiles make you less trustworthy to lenders.
4. Keep Your BVN Active
Your BVN credit history influences your loan approval and limit.
How to Repay OPay Loan
Repaying an OPay/EaseMoni loan is straightforward. Here’s how:
Method 1: Automatic Debit
If your OPay wallet has enough balance on the due date, the system deducts the money automatically.
Method 2: Repay Manually on EaseMoni
Follow these steps:
Open the OPay app
Go to EaseMoni
Click “Repay Now”
Choose your payment method
Confirm payment
Method 3: Bank Transfer
Some EaseMoni versions allow repayment through bank transfer. They provide a repayment account number you can send money to.
Always repay on or before the due date to avoid penalties.
What Happens If You Don’t Repay Your OPay Loan?
Late repayment comes with consequences:
1. Increased Interest
Interest accumulates daily once you pass the due date.
2. Penalties
Additional charges may apply depending on the lender.
3. Reduced Loan Limit
Your eligibility drops, and your next loan amount may be much smaller.
4. Negative Credit Score
Your BVN credit history may be affected.
5. Debt Recovery Calls
Repeated failure to repay may result in customer support reaching out for repayment.
Avoid these issues by paying early or at least on time.
Is Borrowing From OPay Safe?
Yes. Borrowing through EaseMoni is safe because:
The service is regulated by relevant authorities.
Your BVN and account details are protected.
OPay and its loan partners use encrypted systems.
As long as you apply through the official OPay app, you’re safe.
Tips to Borrow Money From OPay Successfully
These simple tips can improve your experience:
1. Use a Strong Internet Connection
This helps reduce failed applications.
2. Start Small
Borrow small amounts and repay early to build your loan record.
3. Keep Your Account Active
Regular activity reassures lenders that you’re a reliable user.
4. Avoid Multiple Loan Apps
Too many active loans can reduce your approval chances.
5. Read All Terms
Understand the loan duration, interest and penalties before accepting.
Why Your OPay Loan Request May Be Declined
If you apply for a loan and get denied, here are common reasons:
1. Incomplete Profile
Your information may be missing or outdated.
2. Weak Credit Score
If you have unpaid loans on other apps, EaseMoni may reject your request.
3. Low Wallet Activity
Inactive accounts look risky to lenders.
4. Technical Issues
Network problems can interrupt your application.
5. Using a New Phone Number
Loan apps prefer numbers with financial history.
When this happens, don’t panic. Work on improving your credit score and try again later.
Is There Another Way to Borrow Money on OPay?
Some users may also see a “Loan Referral” or “Finance Partner” feature inside OPay. These lead to other licensed micro-lenders that you can borrow from. However, EaseMoni remains the primary option for most users.
OPay may also introduce more loan products in the future, so always keep your app updated.
You borrow through EaseMoni and other partner lenders inside the OPay app.
2. How much can I borrow on OPay?
Between ₦3,000 and ₦100,000 depending on your credit score.
3. Does OPay require collateral?
No. Loans are approved without collateral.
4. What is the interest rate on OPay loans?
Between 3% and 30% depending on the loan duration and profile.
5. How long does it take to receive the loan?
Usually within minutes after approval.
6. Can I get a loan without BVN?
No. Your BVN is required to verify your identity.
Final Thoughts
Borrowing money from OPay is simple, fast and convenient whether you need money for emergencies, business, or everyday expenses. The key is to maintain a clean credit record, keep your OPay account active and repay your loans on time.
If you follow the steps outlined in this guide, you shouldn’t have any trouble accessing an OPay loan and increasing your limit over time.
