Ovadraft makes accessing financial relief simple and straightforward. Start by choosing from our tiered prepaid card options Gold, Ruby, or Platinum tailored to your needs. Once approved, instantly access your credit limit to cover urgent medical and utility expenses.
Our platform is designed to provide you with the financial tools you need to manage unexpected medical and utility expenses without stress.
Here, we address common questions and provide detailed information to help you understand our overdraft services better. Whether you’re curious about how OVADRAFT works, our eligibility criteria, or repayment terms, you’ll find all the answers you need right here.
Ovadraft is a financial solution that provides users with access to flexible credit for medical and utility expenses. Users can borrow money based on their card category and pay it back with minimal interest, depending on how soon the payment is made.
The card category you can access is determined by your monthly or annual income, the quality of your guarantor, and your credit score.
Ovadraft offers three card tiers: Gold: Borrow up to 20,000 Naira, Ruby: Borrow up to 50,000 Naira., Platinum: Borrow up to 500,000 Naira.
You can repay your loan within 24 hours to avoid interest, or repay within 10 or 14 days with a 2.5% or 5% interest charge, respectively.
The Ovadraft card can only be used for medical expenses and utility payments. It cannot be used for cash withdrawals.
You accumulate points every time you use your Ovadraft card. These points can be converted into USDT, exchanged for cash, used to pay off loans, or used to purchase items.
To become a vendor, you must register and agree to our terms and conditions. Ovadraft charges a 5% monthly fee on every transaction processed through the platform.
As a registered vendor, your business will be promoted across our platforms and listed as an official location where Ovadraft cards are accepted.
Ovadraft and Smart Cover Africa Ltd. are not liable for any issues arising from the use of the Ovadraft card. Please review our terms and conditions for more details on liability exemptions.
Registration is renewed annually. If your registration expires, your earnings will cease, and you will lose access to any funds in your wallet. Earnings accumulated before reactivation of your account cannot be paid back.
Discover the profound impact Ovadraft has had on the lives of our users. Our testimonials showcase real stories from individuals who have turned to Ovadraft in times of need.
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When my daughter needed emergency dental surgery, the costs were overwhelming. Thanks to the Ovadraft Gold Card, I could cover the bills immediately without disrupting our family's finances.
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The Platinum Card from Ovadraft was a game-changer during my maternity leave when the bills piled up. Being able to manage utility and medical expenses without the upfront stress was incredible.
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Dealing with unexpected medical expenses became manageable because of My Ovadraft card.