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What is the Opay Merchant Loan

Opay merchant loan is a loan specifically targeting businesses in Nigeria and africa. If you're a business owner, then this loan should interest you. Opay offers around 3% interest rate for short term loans and 15% interest rate for long term loans.

How much is the Opay Merchant Loan

The amount of loan you get from the Opay app for your business depends on your qualifications, credit worthiness and how frequently you use the Opay app.

How to Apply for the Opay Merchant Loan

Follow these steps if you want to get the loan from the Opay merchant loan. 

• Download the Opay app from the app store or Google playstore and install it.
• Look for "Merchant Loan" on the Opay app. If you can't find "Merchant Loan", you need to update your app or Click on "more"
• Click on the "Merchant Loan"
  
• Read and agree to the "Terms of Service"
• Complete the forms with accurate information
• Click on "Merchant Loans Credit Limits"
• Select the loan you want to apply for and follow the process to complete your loan application

Conclusion

Getting the Opay Merchant loan is a straightforward process and it mostly depends on your current worthiness. Go through the application process and you'll receive  a notification of how much you qualify for.