Kuda Microfinance Bank

Oban Rating:

4.8/5.0/5.0

Kuda Microfinance Bank is a fully registered Nigerian bank controlled by the Central Bank of Nigeria, with over 1.4 million clients. Kuda Microfinance Bank, founded in Lagos, is guaranteed by the Nigerian Deposit Insurance Corporation (NDIC). Outstanding balances in your bank account of up to 200,000 naira would be safeguarded in the event of bankruptcy or calamity.

Kuda Microfinance Bank Loans and Terms

Loan Type

Personal Loans

Loan Amount

₦20000

-

500000

Repayment Terms

2

-

3 months

Monthly Interest

15

-

20%

Location

Lagos, Abuja, Lekki, Ikeja

Employment Preference

Full Time

Pros: 

Flexible lending periods, Flexible lending amounts, Easy online accessibility, Mobile friendly

Cons: 

Low max loan, Average late fees

Estimated Interest Rate

15

-20%

Max Loan Amount

₦500000

Loan Term

2

-3 months

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