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Have you been hearing about Kuda Overdraft and you don’t know how to qualify and apply for a loan using Kuda Bank? Well in this article, I will show you how to go ahead and start applying for a Kuda overdraft easily.
This will help you attend to urgent issues that have to do with money, you haven’t have to disturb that friend or family to borrow money again with Kuda overdraft everything has been made easy for you.
Previously known as Kudi Money, Kuda is a start-up digital-only bank with headquarters in London that has been operating in Nigeria since 2017. 2019 saw a name change to Kuda Bank.
You can quickly borrow money with Kuda Bank Overdraft without pledging any of your possessions as collateral. You can read our post where we discuss the many lists of mobile applications that offer loans without collateral if you’re seeking one.
How to Qualify for Kuda Bank Overdraft
- Create an Account or Log In to your existing Account.
- Upgrade your Account using Bank Verification Number (BVN) and a valid I.D Card.
- Conduct transactions with your Kuda Account regularly.
- Like Buying of Airtime, Pay bills etc.
How to Check Kuda Overdraft Eligibility
- Open the Kuda Bank Mobile App
- Tap on the “Borrow” section or slide right to access it.
- Click the Next button
- Tap check “check eligibility”.
- You will get a message stating if you are eligible or not.
You will be eligible for a Kuda Bank Overdraft loan when you follow the steps listed above on how to qualify for Kuda Bank Overdraft.
How to Apply for Kuda Bank Overdraft
- Firstly, make sure you have the Kuda bank app installed and opened.
- Tap on the “Borrow” section or slide right to access it.
- Tap “Get Overdraft”
- Then Tap on “Next” twice
- Tap on the Amount you want to borrow.
- Tap on Done
- Confirm the transaction with your transaction PIN, fingerprint or face ID.
- Tap Ok.
Now, you can enjoy and make use of your kuda overdraft loan for whatever reason you want to make use of it. Kuda Bank overdraft limit is set to N150,000 which means you can borrow up to that anytime.
If you frequently use the Kuda Bank App, it will analyze your account using machine learning technology to determine how much you are entitled to receive on your overdraft balance, which you can then automatically transfer to your main balance whenever you need quick cash to address any financial issues.
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