Does Kuda Give Loan to Customers? How to Borrow Loan from Kuda

Are you a Nigerian looking for a reputable company to get a quick loan? We’re glad to inform you that you just landed on the exact page that has a solution for you. You probably must have known Kuda for a while now, but not sure if Kuda gives out loan.

Well, in this article, we will guide you on how you can get a quick loan from Kuda without passing through the stress of submitting unnecessary documents. We have also outlined the requirements you must meet if you want to get a quick loan from Kuda. Are you in need of a loan from Kuda? Then this article is for you. Firstly, let’s answer the question quickly.

Does Kuda Give Loan to Customers?

Yes, Kuda gives loan to customers who have opened a banking or savings account with the company. Are you in need of a loan from Kuda? This article will guide you on how you can get a quick loan from Kuda without stress.

Kuda gives loan to its registered customers. To get a loan from Kuda, the first step to take is to open a savings account with Kuda. Thereafter, there are several requirements that you must meet in order to successfully borrow money from Kuda.

Kuda Loan Requirements

To qualify for a loan from Kuda, here are some of the requirements to meet if you want to borrow money from Kuda:

Download the Kuda loan app. >> DOWNLOAD HERE
Open a savings account with Kuda using your phone number
Deposit a minimum of N5,000 in your savings account
Ensure that you update your profile using your most recent photograph
You must have Utility bill having your current house address
You must have a valid email address
You must have a valid national ID
You must have a working BVN (See Loan Apps that Give Loan without BVN)

How to Get a Loan from Kuda

Firstly, recheck the requirements to be sure that you are qualified
Inside the Kuda loan app, click on Okash
Set the amount you wish to borrow
Select the loan duration (3 months could be just fine)
Insert your BVN where necessary
Upload the required documents such as the ID card
Click on REQUEST LOAN

Please note that your loan request on the Kuda loan app will become pending for approval by the Kuda loan manager which in most cases may take up to 24hours. At this time, the Kuda loan manager takes his time to go through the submitted documents to be sure that they’re original.