OKASH Financial Literacy

Borrow only what you can repay

Make sure you understand exactly what it means if you borrow money. 
You must ask the creditor to give you all the information. 
The creditor must give you all the information in language that you can understand.

Before you borrow money

Remember it is cheaper to repay loans over a shorter period.
Ask what the interest rate is and work out what this means for you.
Compare interest rates.
Look at the small print, which explains all the terms and conditions.
Remember that interest rates could change, and your instalment could increase.
Calculate extra costs like administration fees into your installment.

Budget for repayments

Pay debts on time.
Tell your creditor if you cannot pay and make a new arrangement with your creditor.

Keep your Pin private

Never give your details over the phone unless you called the person or know exactly who you are talking to.

Eligibility Criteria

Who can apply for a loan?

OKash loans are not limited your profession, income, or any other conditions. As long as you are 20-55 years old, you have a fixed income and phone number, you can apply for an OKash loan.

Loan Offers

How do I apply for a loan?

1. Download OKash app on google play, after downloading, open the app and sign up with your phone number.
2. Fill in your personal information after log in, then you can apply for a loan.

What information do I need to provide?

Simply follow the instructions by answering all the questions as asked. Make sure to provide authentic information about yourself.

How long does the application process take?

The process takes a few minutes.

How to fill your emergency contact's information?

Your emergency contact is the person that can prove your reliability, credibility and honesty. We may contact him/her when we decide the loan. Please fill the emergency contact's information carefully.

How does OKash decide whether to give me a loan or not?

OKash uses data from your phone including your handset details and financial transactions messages , and your reason for borrowing. We combine this with your OKash repayment history to build an individualised credit score and determine the loan offer suitable for you.

What is the maximum loan amount one can receive?

Currently due to customers' credit score the loan amount would be up to a maximum of KES 500K.

What is the loan repayment periods of OKash and how much is the interest?


We have different loan periods up to 365 days, keep a good record by applying and repaying on time, you will enjoy more flexible terms. Interest Rate: up to 36% per annum.

Can I change my ID number after submitting my details?

Unfortunately, not. At OKash, we conform to the highest standards of data integrity. This means that you cannot change information that was previously submitted, hence you must ensure you provide correct information at sign-up.

Loan Repayment

How do I repay the loan? Can I repay the loan early?

You will receive a message to your phone two days before the due date reminding you to repay the loan. You can repay the loan through the App or M-Pesa. Early loan repayment is accepted.

How to repay OKash loan via M-pesa?

OKash paybill number is 612224. Follow the steps below to repay your OKash loan with M-PESA.

1. Navigate to M-PESA in your Safaricom menu on your phone
2. Select Lipa na M-PESA
3. Choose Paybill
4. Enter the Paybill number 612224
5. For account number, enter your MPesa number on which you received your OKash loan
6. Enter your repayment amount
7. Enter your M-PESA pin
8. Confirm that all details are correct and press ‘OK’.

Can I pay a loan on behalf of someone else?

Yes, you can, through the M-Pesa Paybill and the account being the mobile number of the person who took the loan.

What happens if I overpay my loan?

After reconciliation of all payments, excess funds will be reversed to your M-Pesa account within 14 days.

What happens if I pay my loan late?

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.


How to get bonus by inviting friends?

Currently there are two ways for you to invite friends.
1) Tell your promo code to your friends. For you to get bonus, they need to fill in the promo code in their apps after downloading it.
2) Share your referral link to your friends. You'll get Kes. 4 when the friend you invite registers and Kes. 300 when he/she receives their first loan. 

Where can I get my referral link?

You can get your referral link on ‘ Invite friends’ page from the side menu.

I am an invitee, how can I type in the promo code?

Tap to open the menu in the upper left hand corner, find ‘promo code’ page, type in the promo code you received.

Where can I get my promo code?

You can get your promo code on ‘ Invite friends’ page from the side menu.

How can I use my coupon?

Coupon are automatically deducted from the amount you need to repay. Kindly note that your friends must enter the code on their "promo code" page before repaying their first loan or you won't receive your coupon.

How can I check my coupon balance?

You can check your balance on "Earn Coupon" page. Click on "review your invitation coupons" to see your balance.

Why didn't I receive a coupon for I have invited a friend?

In order to receive the coupon, kindly ensure that the person you invited used your code on their "promo code" page before repaying their first loan.

How many coupons can I use?

You can use the coupon for repayment. It can recover the origiantion fee and late fee. but not the principal.

Security and Privacy

Will my information leak?

We promise that we will not disclose your personal information to third parties without your consent (exempted late refund and service requirement)

Contacts Us

Need help?

If you have any questions, you can email us on help@o-kash.com with your registered M-Pesa number in the subject. We will reply to your questions as soon as possible.

Also, you can call us with 020 7659988.