How To Borrow Money From Kuda App – Kuda Bank Overdraft Explained

You urgently want a loan because you lack money. How do you behave? One choice is to utilize the smartphone app Kuda, which enables users to borrow money from friends and relatives. This post will inform you on how to borrow money from Kuda App.

Over 10,000 people actively use the software, which has been downloaded over 50,000 times.

What Is Kuda Bank Overdraft?

Kuda Bank Overdraft is a facility that allows you to borrow from Kuda Bank. To apply for an overdraft, you’ll need to be a Kuda customer and have a valid debit card. You can apply for an overdraft online or in-app, and you’ll get a decision within minutes. If your application is approved, you can start using your overdraft immediately.

How To Borrow Money From Kuda App?

You can borrow money from Kuda App in three ways:

  1. Request a Loan: You can request a loan by completing the online form on our website. We will review your application and get back to you as soon as possible.
  2. Apply for an Overdraft: You can apply for an overdraft by completing the online form on our website. We will review your application and get back to you as soon as possible.
  3. Use the Kuda App: You can use the Kuda App to borrow money from family and friends.

What Are The Interest Rates On Kuda Loans?

Kuda loans come with interest rates that are very competitive in the current market. In fact, our interest rates are some of the lowest you’ll find. This is because we want to make it as easy as possible for you to get the money you need, without having to worry about the cost.


We understand that everyone’s financial situation is different, which is why we offer a range of interest rates to choose from. This way, you can find a loan that’s perfect for your needs and your budget.

What Is the Maximum Loan Limit Offered by Kuda Bank?

Have you been wondering how much money you can borrow from Kuda?

Kuda Bank offers personalized loan limits based on your credit score and financial situation. That being said, the maximum loan limit offered by Kuda Bank is 5 Million Naira. However, the lowest you can borrow is 1,000 Naira.

Most times, your loan limit will start off small but increase as you continue to make payments on time and take out more loans. Loan limits and interest rates vary based on your credit score and other financial factors. However, all loans come with zero collateral required and no paperwork. So it certainly makes it easier to access cash when you need it most!

How Long Does It Take To Get A Kuda Loan Approval?

Getting approved for a Kuda loan is relatively quick and easy if you’re eligible. Generally, it takes no more than 24 hours. Once your application is approved, the loan funds will be transferred to your Kuda account and you can use them straight away.


It’s important to remember that Kuda reviews each application on a case-by-case basis, so the time frame may vary depending on the complexity of your request. Still, the entire process typically won’t take more than one business day.

If you have any questions about borrowing or repaying your loan, don’t hesitate to contact Kuda Customer Support for help. They’ll be happy to provide guidance and answer any questions you may have about the borrowing process.


There you have it, then! Loaning money from Kuda Bank is not as difficult as it might sound. All you have to do is adhere to the easy instructions we have provided, and you will soon be receiving the money you require.

You can be confident you’re receiving a decent deal because Kuda loans don’t have the highest interest rates on the market. The greatest part is that you may borrow up to 95% of the loan amount that has been authorized, ensuring that you have enough cash to meet your demands.

So why are you still waiting? Today, submit an application for a Kuda loan to acquire the money you require to pay your bills.

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