Kuda Bank Loan App: How to Apply for Urgent 100k Loan on Kuda Bank

Are you looking for a quick way to access ₦100,000 in Nigeria, you may have come across searches for the Kuda Bank loan app. Kuda is a digital bank in Nigeria that allows customers to manage their money through its mobile app, and it currently offers an Overdraft facility to eligible customers.

However, it is important to clarify one thing before applying: Kuda’s current borrowing product is an overdraft rather than a conventional ₦100,000 personal loan. Kuda says its traditional loan products are still being developed, while eligible customers can access an overdraft through the app. 

Therefore, if your goal is to get an urgent ₦100,000 from Kuda, the relevant product to check is the Kuda Overdraft.

What Is Kuda Bank?

Kuda is a digital-first Nigerian microfinance bank that provides banking services through its mobile application. The bank is licensed by the Central Bank of Nigeria (CBN), and eligible deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC). 

With the Kuda app, customers can perform various banking activities, including sending and receiving money, paying bills, saving, managing cards and, where eligible, accessing borrowing facilities.

Kuda's borrowing service is designed to allow qualified customers to access additional funds without visiting a physical bank branch.

Does Kuda Give ₦100,000 Loans?

Kuda does not currently advertise a standard, guaranteed ₦100,000 personal loan for every customer. Instead, Kuda offers an Overdraft to customers who meet its eligibility requirements.

Kuda's official information states that eligible customers can spend above their available account balance up to the overdraft limit displayed in their app. The amount available is determined by Kuda, so there is no guarantee that every customer will receive a ₦100,000 limit. 

Consequently, if you need exactly ₦100,000, you must first check your Kuda app to see whether Kuda has offered you an overdraft of ₦100,000 or more.

What Is Kuda Overdraft?

A Kuda Overdraft allows an eligible customer to spend more money than is currently available in their Kuda account.

For example, if your Kuda account contains ₦10,000 and Kuda gives you an overdraft limit of ₦100,000, you can potentially spend up to the available overdraft limit in addition to the money in your account.

The overdraft is different from a conventional personal loan because it is linked to your Kuda account and allows you to spend above your available balance. Kuda also charges interest on the amount borrowed.

Who Can Qualify for a Kuda Overdraft?

Kuda does not simply give every customer an overdraft immediately after opening an account. Eligibility is determined by Kuda based on factors such as account activity and credit assessment.

Kuda states that using your Kuda account actively as your main bank account gives you a chance to qualify. Its current Help Centre also explains that eligible customers receive an offer through the app and can accept it there. 

Your eligibility and available limit can therefore differ from another Kuda customer.

How to Apply for an Urgent ₦100,000 on Kuda

If you already have a Kuda account, you can check whether an overdraft offer is available directly from the app.

Step 1: Open the Kuda App

Launch the Kuda application on your smartphone and sign into your account.

Make sure your account information and identity verification details are properly completed. Kuda's current account-opening requirements include a BVN, Nigerian citizenship or residency, a compatible smartphone and other identity and address verification requirements. 

Step 2: Check the Borrow Section

Open the Borrow section of your Kuda app.

If Kuda has made an overdraft offer available to you, you should be able to see the relevant option in this section.

Kuda says eligible customers are notified through the app and email when an overdraft offer becomes available. 

Step 3: Select Overdraft

Tap Borrow, followed by Overdraft.

Depending on the version of the app and your account status, Kuda may display an offer or prompt asking you to activate your overdraft.

Step 4: Check Your Available Limit

Before accepting the facility, check the amount Kuda has made available to you.

If the displayed limit is ₦100,000, you can select the amount you need, subject to the terms shown in your app.

If your available limit is less than ₦100,000, you cannot simply request Kuda to increase it to ₦100,000. The amount available to you is determined by Kuda's eligibility and credit assessment.

Step 5: Select the Amount You Want to Borrow

Kuda's current instructions say that after opening the Overdraft option, customers can use the slider to select the amount they want to borrow and then tap Done. 

If you need ₦100,000 and that amount is within your approved limit, you can select ₦100,000.

Step 6: Confirm the Transaction

Kuda requires you to confirm the borrowing transaction using your transaction PIN, fingerprint or Face ID, depending on what is enabled on your account. 

After confirmation, the overdraft becomes available for spending according to the terms displayed in your account.

What Interest Does Kuda Charge on Overdrafts?

The interest rate can vary, so you should always check the rate displayed in your Kuda app before accepting an offer.

Kuda's current Help Centre states that an overdraft attracts daily interest, with the published rate currently shown as 0.18% to 0.9% per day, depending on the applicable offer. Kuda's website also describes overdraft pricing as a daily interest rate. 

Because the cost can accumulate daily, it is important to understand the exact rate and repayment terms attached to your individual offer before accepting ₦100,000.

How Do You Repay a Kuda Overdraft?

Kuda's current overdraft system operates around a repayment cycle. Its Help Centre explains that the cycle begins when you accept the overdraft offer, with a 30-day period followed by an additional period in which the minimum repayment can be made. 

Kuda also explains that money added to your Spend account can be used to repay your outstanding overdraft. Your app provides information about your outstanding balance, repayment obligations and statements.

You should therefore avoid treating an overdraft as free money. It is borrowed money that must be repaid, and interest continues to apply according to the applicable terms.

How to Increase Your Chances of Getting a ₦100,000 Kuda Overdraft

There is no legitimate trick that guarantees approval for ₦100,000. However, maintaining a healthy banking profile can improve your chances of qualifying for available Kuda borrowing products.

Use your Kuda account regularly rather than opening it only when you need to borrow money. Kuda specifically says active use of your account can give you a chance to qualify for an overdraft. 

You should also repay existing borrowing obligations on time and avoid taking on debts that you cannot comfortably repay. Kuda may assess your creditworthiness when determining eligibility and the amount it is willing to offer.

Keeping your account information accurate and completing the required identity verification can also help ensure that your account is properly set up.

Can a New Kuda Customer Get ₦100,000 Immediately?

Not necessarily.

Opening a Kuda account does not mean you will automatically receive a ₦100,000 overdraft. Kuda determines eligibility and the available amount based on its assessment of the customer.

The bank's current guidance says that customers may become eligible through active use of their Kuda account, while eligible customers receive an offer in the app. 

Therefore, anyone promising that every new Kuda customer can automatically receive a guaranteed ₦100,000 should be treated with caution.

What If ₦100,000 Is Not Showing in Your Kuda App?

If you open the Borrow section and do not see a ₦100,000 overdraft offer, there is no legitimate way to force the app to approve that amount.

Continue using your Kuda account responsibly and check the Borrow section periodically. Kuda says customers who are not currently eligible may become eligible later as they continue using their accounts.

You can also contact Kuda through the support options in the app if you believe your borrowing status requires clarification.

Important Things to Consider Before Borrowing ₦100,000

Before accepting an overdraft, calculate how much you will eventually have to repay. Do not look only at the ₦100,000 you receive or spend.

Pay attention to the applicable interest rate, repayment dates, minimum repayment requirement and consequences of failing to repay. Because Kuda's overdraft attracts daily interest, delaying repayment can increase the total cost of borrowing. 

You should also borrow only what you genuinely need and can reasonably repay. If the money is for an emergency, consider whether your expected income will be sufficient to cover the repayment.

Is Kuda a Legitimate Loan App?

Yes. Kuda is a licensed Nigerian microfinance bank. Its official FAQ states that it has a microfinance banking licence from the Central Bank of Nigeria. 

However, being a legitimate bank does not mean every customer is automatically entitled to a loan or overdraft. Borrowing remains subject to Kuda's eligibility criteria and the terms presented to the individual customer.

Final Thoughts

The Kuda Bank loan app is better understood in 2026 as a banking app that provides eligible customers with access to an Overdraft, rather than a platform offering a guaranteed ₦100,000 personal loan to everyone.

If you urgently need ₦100,000, open your Kuda app and check Borrow → Overdraft. If you have received an offer of ₦100,000 or more, you can select the amount available to you and complete the confirmation process. If the offer is unavailable, you will need to wait until you become eligible or consider another legitimate borrowing option.

Most importantly, check the interest rate and repayment terms shown in your app before accepting the overdraft.

Frequently Asked Questions

Can I borrow ₦100,000 from Kuda?

You can borrow up to the overdraft limit Kuda makes available to you. If your Kuda app shows an overdraft limit of ₦100,000 or more, you may be able to access ₦100,000. However, Kuda does not guarantee a ₦100,000 overdraft to every customer. 

How do I apply for a Kuda ₦100,000 overdraft?

Open your Kuda app and go to Borrow, select Overdraft, choose the amount available to you, and confirm the transaction using your PIN, fingerprint or Face ID. You can only select ₦100,000 if Kuda has made at least that amount available to you. 

Does Kuda charge interest on its overdraft?

Yes. Kuda charges daily interest on overdrafts. The applicable rate can vary, and Kuda's current Help Centre publishes a range of 0.18% to 0.9% per day. Always check the exact rate displayed in your Kuda app before accepting an offer. 

Can I get a Kuda overdraft if I am a new customer?

Not automatically. Kuda assesses customers for overdraft eligibility, and active use of a Kuda account can give a customer a chance to qualify. If you are eligible, Kuda will make an offer through the app.

Also Read: Palmpay Loan App: How to Apply for Urgent 200k Loan on Palmpay