How To Access Kuda Bank Loan Online www.kuda.com

Are you looking for guidelines on how to Access Kuda Bank Loan Online via www.kuda.com or through the Kuda mobile app? If yes, you are at the right place. Kindly go through the information provided here to avoid making any mistake when trying to access a loan from Kuda Microfinance bank

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The Kuda Bank app is a company that gives its users access to account monitoring without the fees that other traditional banks impose. This includes free money transfers to other Nigerian banks, no-cost debit cards, and customer loan services.

How To Access Kuda Bank Loan Online

This article will guide you through the steps necessary to get a Kuda Bank loan online.

Let’s get started.

The Kuda Bank App

Kuda bank is a company that operates exclusively online and has a valid banking license from the CBN (Central Bank of Nigeria). The bank is specially set up for smartphone users.

The kuda banks is free, it does not charge its users after making successful transactions. Its goal is to build the world’s best bank for every African.

Recommended: How to Apply for a Loan in Nigeria without Collateral

Step By Step Processes To Download And Use The Kuda App

Here are steps to follow while signing up on the Kuda app:

Visit App Store or Play Store in your smartphone
Search for Kuda bank app
Download and install the app
Since you’re a new user, select sign-up
Complete the necessary information. (Your email address, password, and referral code will all be listed here. You could register using their referral code if someone referred you to the platform)
Enter your first and last names on the second page
On the following page, provide your name, gender, birth date, and phone number
Verify your phone number with the OTP you will receive at the provided number to confirm it. Give the specifics of your street name, city, and state on the next page
The last step will include taking a selfie, and that’s all. You start using Kuda Bank officially.

Kuda Account

Kuda operates three types of accounts, and they include:

Lite
Basic
Premium

Please Note: For the Lite account, you only need to submit your name and phone number; however, for the Basic account, you also need to supply your name, phone number, and BVN.

The top tier is the premium account. It would be best if you had a name, phone number, legitimate ID, and BVN to register.

How to Apply for Kuda Bank Overdraft

You can apply for quick short-term loans online without filling out any papers; Kuda Bank overdraft offers this opportunity. Additionally, you can choose when to pay back with just 0.3% daily interest.

Here’s how to request an overdraft from Kuda Bank:

Visit www.kuda.com or Launch your Kuda app
Swipe or tap on your Borrow account
Click Borrow
Click “Get Your Overdraft”
Click Next
Enter the loan amount, then click “Done.”
Verify using your transaction PIN, fingerprint, or Face ID
Click Okay to start making purchases from your account.

FAQs

How do I qualify to receive a loan from Kuda Bank?

Here is what to do to qualify for a kuda bank loan. You need to upgrade your account through your Bank Verification Number (BVN), a legitimate ID, and you must regularly use your Kuda account for a few months.

Can I Borrow From Kuda Bank?

Everyone is eligible to borrow from kuda bank as long as you have a verified kuda bank account.

Users of Kuda Bank may borrow up to 50,000 at a set daily interest rate of 0.3%.

CONCLUSION

This article has helped you with the processes required to get a kuda bank loan online and how to qualify for a kuda bank loan. Get an account with kuda now to access Kuda bank loans with ease.

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