Kuda Bank Loans – review 2026

Name: Recenze Kuda Bank Loans
Item: Kuda Bank Loans
Rating: 4.4
Author: Finatino.com

4,4 / 5

Kuda is a CBN-licensed microfinance bank and digital-only bank in Nigeria, commonly referred to as "the bank of the free". Kuda offers an overdraft facility and personal loans to its active account holders at competitive rates relative to other digital lenders.

Pros

Very competitive interest rates among digital lenders in Nigeria
Overdraft facility disbursed instantly for eligible Kuda account holders
No monthly account maintenance fees on the Kuda current account
Fully digital: account opening and loan application via mobile app
Growing credit limit based on account activity and repayment history

Cons

Loans only available to existing Kuda account holders
Initial overdraft amounts are small for new users with no transaction history
Monthly loan cap of ₦150,000 for the overdraft facility
Loan eligibility depends on account activity patterns and transaction history
Customer service response times can be slow during peak periods

Requirements

Kuda Bank account (opened via the Kuda app)
BVN
Active Nigerian phone number
Consistent account activity (deposits, transfers and payments)
Valid government-issued ID for account opening

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.