How Much Does OKash Charge for a Loan?

Quick answer: Be careful with "OKash" in Kenya. OKash previously offered mobile loans here, but no currently licensed Kenyan OKash product was confirmed in the April 2026 Central Bank of Kenya Digital Credit Provider directory. The official-looking OKash app available now is a Nigerian product, with Nigerian currency and terms that do not apply in Kenya. Never pay a verification or registration fee to any website or agent using the OKash name.

The status of OKash in Kenya

OKash launched in Kenya several years ago, originally linked to the Opera group, reportedly charging from around 1% per day on short terms of up to 14 days, with repeat-borrower limits said to reach KES 500,000. That historical Kenyan product is no longer something we can verify as licensed: it does not appear as a current licensed Kenyan lender in the April 2026 CBK Digital Credit Provider directory. Lending in Kenya without a CBK licence is not allowed, so treat any current OKash Kenya loan offer with caution.

Why the app you find may be the Nigerian one

The OKash app you are most likely to find today is a Nigerian lender. Its limits, interest rates and 91 to 365-day terms are set in Nigerian naira for the Nigerian market, and they have nothing to do with Kenyan borrowing. Do not treat figures from that app, or sites quoting them, as Kenyan loan terms.

The fee scam to avoid

The bigger risk is fraud. Scammers use trusted loan-app names such as OKash to ask for an upfront verification fee, often a small amount, promising a loan that never arrives. No legitimate licensed lender asks you to pay a fee before disbursing a loan. If a site or agent using the OKash name asks for any upfront payment, it is a scam.

What to do instead

Borrow only from a lender you can confirm in the CBK Digital Credit Provider directory, checking the app name against the legal company name, as our guide on checking a loan app licence explains. For a cheap, verified option, the M-Pesa products and the government Hustler Fund, covered in our guide to the lowest-cost loan apps, are far safer starting points than chasing an unverifiable brand.

Frequently asked questions

Is OKash licensed in Kenya?

We could not confirm a currently licensed Kenyan OKash product in the April 2026 CBK directory. The widely available OKash app is a Nigerian product. Treat any current Kenyan OKash loan offer with caution.

How much does OKash charge in Kenya?

The historical Kenyan product reportedly charged from about 1% per day on short terms, but those figures are historical and unverified now. Do not rely on the Nigerian app's rates, which are for a different market.

Should I pay an OKash verification fee?

No. A request for an upfront verification or registration fee is a hallmark of a scam. Licensed lenders do not charge a fee before disbursing a loan.