Kuda Bank – Loan details
Kuda Bank offers an overdraft feature with a daily interest rate of 0.3%. Your limit starts small and grows as you use your Kuda account more actively. Disbursement is instant.
Loan amount
₦1K – ₦150K
Interest from
0.30%
Term
1 – 3 months
Approval
Instant
Pros
- ✓ Instant access, no waiting period
- ✓ Transparent 0.3% daily rate with no hidden fees
- ✓ Limit grows automatically with account use
- ✓ No paperwork or collateral required
- ✓ Available 24 hours a day
Cons
- ✗ Only for Kuda account holders
- ✗ New users start with very low limits
- ✗ Repayment period is short (30-90 days)
- ✗ Maximum limit is ₦150,000
Requirements
- Active Kuda bank account
- Regular deposits and transactions on the account
- BVN linked to account
Company information
Kuda Microfinance Bank Limited
25 Glover Road, Ikoyi, Lagos, Lagos State
https://kuda.com
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.