OKash Loan Penalties For Late Repayments

Okash loan app is offered by OneSpot Technology Investment Ltd. The mobile loan app is available on the Google Playstore and is accessible to all Kenyans and has over 1M+ downloads as well as a 4.1/5 star rating with 58K+ reviews.

OKash offers a minimum loan of Ksh. 2500 to a maximum of Ksh.50,000 for the pilot phase and may increase up to Ksh 500,000.

Its fee rates are dependent on loan duration i.e 29 day loans are charged at 23.2% , 22 day loans are charged at 17.6% and 15 day loans are charged at 15%.

Failure to repay the loan within the stated period, Okash will act as per their Terms and Conditions.