A Kuda loan is a one-off payment made into your Kuda account which you’ll repay, with interest, in fixed monthly payments you agree to when we approve your loan application.
How much does Kuda give as a loan?
We give loans of up to ₦150 000.
How do I apply for a loan?
Please, read the loan application guide in the Borrow section of your Kuda app or on the Help Centre. Note that you’ll need to accept a loan offer letter which includes the terms and conditions of the loan.
Is there a guarantee that I’ll get a loan if I apply for one?
We’ll offer you a loan if we can verify your bank statement and you pass our automated loan eligibility checks. The amount we will offer you also depends on the results of our loan eligibility checks.
How long does it take to get a loan if my loan application is approved?
We’ll pay the loan into your Kuda account in minutes.
Do I need collateral to get a loan?
No, you don’t need collateral to get a loan from us.
How much time do I have to repay a loan?
Depending on the repayment period stated in the offer letter, you can repay a loan between one to three months.
How do I repay my loan?
When you accept our loan offer, we’ll ask you to add a debit card to your account and we’ll charge the card whenever your loan is due for repayment.
What’s the interest rate on a Kuda loan?
Interest rates are variable, but the interest rate on your loan will be stated in the loan offer letter which you’ll have to accept to get the loan.
More for you
Overdrafts
Spend above your account balance to meet your urgent needs and pay back at just 0.3% daily interest.