Okaday Made Easy Loan

Okaday Made Easy Loan

Okada Made Easy Loan is designed for Commercial Okada Riders. This product is tailored to help close the gap between the need for purchase of new Motorcycle or Replacement of old one.


  • Loan range ‒  NGN 400, 000 to NGN 500, 000
  • Methodology: Individual lending but group liability
  • Repayment Mode ‒ Daily
  • Loan period ‒ 10 months
  • Clients must be a member of the Cyclist Union


  • No collateral
  • Access to funds for the prompt payment of children’s school related expenses.
  • Flexible repayment structure
  • Low interest rate


  • Savings account with CSD MFB minimum of 25% of loan amount
  • Loan application letter
  • Duly completed application form
  • Guarantors
  • A valid means of ID (national ID, driver’s license, voter’s card or international passport)
  • Current utility bill
  • Copy of Cyclist Union Identity card
  • A dully signed  letter of consent for the Cyclist Union
  • Recent passport-size of the Applicant and Guarantor

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