OkadaNaira
Loan amoun
₦5,000 to ₦500,000
Loan term
91 to 180 days
Fire Loan interest rate
Rate (APR): 10% - 33%
Loan service fees
Approximately ₦100 - ₦500
Registration requirements
Just be a Nigerian citizen
Payment support
On the bank account
OkadaNaira
Information
Registered Operating Area
Country: Nigeria
Age Requirement for Registration
Eligible borrowing age: Over 19 years old
Income Requirement
Monthly income sufficient to repay the loan
Phone Number Requirement
Loans are processed via mobile phone; a valid phone number must be provided
Payment Method
Direct payment via bank account
Documentation Requirement
Valid government-issued identification
Initial Registration Loan Amount
First-time loan limit up to ₦5,000
Initial Loan Interest Rate
Standard interest rate: 20.8%
New Customer Promotion
Register for a loan with no waiting time
Loan Interest Rate
APR range: 10% – 33%
Loan Term
Maximum loan term: 91 to 180 days
Approval Time
Review and approval within 1 to 3 days
Loan Service Fee
Service fee: ₦500
Late Payment Fee
Late fee: ₦360 per day
Get fast access to cash with OkadaNaira, a reliable mobile lending solution designed for people in Nigeria. Whether you need funds to handle daily expenses or cover unexpected situations, OkadaNaira helps you secure a loan conveniently through your smartphone—anytime, anywhere.
Simple Application Process
- Install the OkadaNaira app and sign up using your mobile number
- Complete the online loan application form
- Receive a credit decision within minutes
- Get the approved funds sent directly to your bank account
OkadaNaira is committed to safeguarding your personal data. All user information is encrypted and handled in compliance with Nigerian data protection regulations. We do not disclose your information to third parties without your permission.
See More:
Loan Calculator
Based on the loan amount
Enter all the required parameters into the calculator to get an accurate monthly payment along with a visual representation of the interest percentage
I want to borrow
Term / Days
%/day
Loan Amount
10 000 000
$
Interest
70 000
$
Total Repayment
10 070 000
$
Annual Interest Rate
18
%
Number of Loans
Author:
Sabiha Sathi
Sabiha Sathi is an experienced financial expert in the fields of credit and lending, currently serving as the Content Manager for the website. With a user-centric approach, she focuses on sharing carefully curated information about trustworthy online loan applications and is committed to delivering clear, fast, and effective borrowing solutions tailored to specific financial needs.
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