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Do you want to know how to get UBA Africard in Nigeria, activate and load it? If yes, I will provide you with the step-by-step guide on how you can get it and use if for online transaction.

PS: I’m writing this from my own personal experience. I mean, how I got my own UBA Africard in Nigeria within 3 hours! Few months ago, I was confused on how really to get the card because I have never heard about a special card apart from the famous “MasterCard”, “VISA card” and “Verve”. All these cards are limited to some function and can’t really be used broadly as the Prepaid VISA card issued by UBA.

Now, let go to the main topic:

What is UBA Prepaid Card or Africard in Nigeria

Africard is a prepaid card issued by the United Bank for Africa, UBA.

If you’re familiar with using the like of Mastercards for online transaction, then there’s no need to get long definition for the UBA Africard.

But I must tell you that it’s originally a “VISA card”.

The only difference between other VISA card and UBA Africard in Nigeria is that, it’s PREPAID!

Just like when you’re using a prepaid meter in your house. If you load the meter, you’ll have electricity power in your house. But if you refused to load it, there’s no way you can see the blink of electricity even if the whole town are enjoying it.

Same thing applied to the UBA Africard, It’s a prepaid card that is useful only when you load funds (money) on it.

UBA Group said:

The Prepaid Card (Africard) is not in any way linked to your regular bank account with any financial institution in Nigeria. That gives you the ability to do and undo with the card. Meaning, you spend what you load.

As simple like that but powerful….

Getting your UBA Africard in Nigeria is so easily but many entrepreneurs outside there don’t know what the card is used for, while some entrepreneurs know how to use it but don’t know how and where to get it.

I don’t know which category you fell into but this blog post will hold your hands from starting till using the card. But you may want to know:

The Benefits of UBA Africard (Prepaid Card) in Nigeria

I will mention few but most important benefits that may interest you. They are:

  • You can use buy anything from any online shopping sites in the world without any headache
  • You can have UBA Africard in Nigeria without having a bank account with UBA at all
  • The card is not linked to any of your accounts
  • You can use it to verify PayPal account in Nigeria and enable the most core feature of using PayPal
  • You can get it immediately or few minutes after you request for it
  • According to UBA, the Africard or UBA prepaid card can be used at over 30 million retail outlets across the globe
  • Can be used conveniently with the UBA mobile banking
  • UBA Africard or Prepaid card is secured
  • You can manage your card yourself
  • And so on…….

Interesting, right?

Now, you may asking what you needed to get the card. Here are they:

Requirement to Get UBA Africard in Nigeria

Just like I got my own, here are the prerequisites:

  • A passport photograph
  • A utility bill (e.g NEPA bill)
  • Means of Identification like National ID card, Driving licence and any government issued document
  • Your Bank Verification Number, BVN
  • Some funds to load (but not compulsory to load immediately)

Those are the few stuffs you need to get together and boldly apply for the UBA Africard or Prepaid Card in Nigeria.

Now let talk about how to put these into use:

How to Get UBA Africard or Prepaid Card in Nigeria

1.      Visit the Bank

Unfortunately, you can’t apply for this card online or any other bank than to visit the nearest UBA business office or branch in your area, with the aforementioned requirements to get your Africard or UBA prepaid card.

PSS: UBA branch office is so far to my place, I will have to spend some bucks for transportation. So, to safe the expense, I have to call the bank if the card is available and unfortunately, it wasn’t. They said it’s going to be available in 3 business days and I called again after the 3 business days to confirm and it was then available.

So, I will advise you to call the bank first before you visit them because, AFRICARD or the UBA prepaid card is not always used as other type of card, which the branch office may not have in store because of that.

2.      Ask the Customer Care that you need “AFRICARD” or “PREPAID CARD”

You need to be careful when you get to the bank in order to request for the UBA Africard because you might be misled.

When I got to the UBA business office in my area, the lady that attended to me was trying to get me “MasterCard” thinking that “CARD” is “Card”. But I told her I don’t need MasterCard or VISA card but I need “AFRICARD”. Then she directed me to meet an officer in care of Cards collection in the bank and immediately, the man grabbed what I was asking for.

Tell and remind the bank staff that attend to you that you need ‘UBA Africard’.

PS: Note that there’s are 4 types of UBA Africard available and you should be careful enough before you choose. In fact, let me tell you about types:

Types of UBA Africard or Prepaid Card in Nigeria

There are four types of UBA Africard in Nigeria, they are:

  1. UBA Nigeria NGN Local High
  2. UBA Nigeria NGN Local Low
  3. UBA Nigeria NGN International High
  4. UBA Nigeria NGN International Low

Basically we have “Local” and “International” UBA Prepaid Card but each of them have their own limit as “High” or “Low”.

If you choose any of the first two listed above, please note that you can’t do any transaction outside Nigeria as the name implies “LOCAL” which is just like using the “Verve Card” and…..

If you choose any of the last two UBA Africard listed above, you can do international transaction but the “international High” is the best.

So, tell the staff attending to you the type of card you need.

If the card is available, you’ll be giving a form to fill.

3.      Fill the UBA Africard or Prepaid Card’s Application Form Correctly

The application form is now in your hand, fill legibly without making any mistake.

The form is not hard to fill at all. Write your BVN at the top of the application form but if you don’t know your BVN, on your registered phone number with your bank, dial x565x0# and your BVN will be shown to you.

I need to tell you this:

There’s a place in the form that asked if you’re either the “Owner” or “Tenant” of the house address you provided.

If you choose “OWNER”, you will to provide the said “Utility Bill or NEPA bill” I told you to prepare under the requirements. But if you choose “TENANT”, you don’t need the utility bill (…… as at the time I got my own UBA Africard in Nigeria).

After you have filled the form, give it back to the card collection officer that gave you.

4.      You Card will be Given to You

Finally, you card will be given to you and the next thing is to activate it!

I’m going to tell you how you can activate your UBA Prepaid card without visiting the branch office.

Here is how:

How to Activate UBA Africard in Nigeria using ATM & Online Portal

There are two ways you must activate your UBA Prepaid Card. The first one is activating at the ATM gallery and the second is using online portal…

Both ways will finally get your card in use. Here is how to do it:

  1. Activating UBA Africard with ATM

This is just as simple as when you changed your previous (mastercard) password after collecting.

Changing of password is the means to activate your account, and this require previous password. So, how can you get your UBA Africard previous or default passcode?

There is a sheet of paper with information about your prepaid card, on the sheet of paper is your hidden passcode which you will use for both ATM and online activating.

At the front of the sheet (where UBA logo is at the top right-hand corner), you will see something like scratch card but not actually meant to be scratched. You only need to peel the orange light nylon used to cover the blank area.

Note that the two passcode are written on the nylon.

The ATM PIN is at the top while the WEB PIN is below it. Note that each are 4-digits.

Now go to the nearest UBA ATM gallery and slot in your new AFRICARD or UBA prepaid card, change the PIN by first entering your default PIN, then NEW PIN…

If you’ve successfully did that, congrats.

The next thing is to activate on your PC or Smartphone.

  1. Activating UBA Africard with Web service (smartphone or PC)

Follow these steps to activate your UBA Africard in Nigeria using your smartphone:

This may confuse you, I mean the Client ID and you may be asking…

What is UBA Africard’s Client ID and Where to Find It?

The UBA Prepaid Card’s client ID is 10-digits numbers which is special and different for every prepaid card.

Note that the UBA Prepaid Card’s Client ID is not your account number, it can be found on the card.

To find your client ID, turn you card to the back where there’s black stripe.

You will see a number written at the right hand side at the back of the card, very close to the bar code.

So after finding your UBA Africard’s Client ID, check your “WEB” passcode just below the PIN you used to activate your card at the ATM gallery.

  • After you’ve successfully login with your Client ID and WEB PIN, follow the rest information and answer accordingly.

You will be asked to choose and set up 3 security questions, change your username and PIN and finally confirm everything by entering the code sent to your phone number.

That’s all about activating your UBA Africard in Nigeria and any other African countries using UBA prepaid card.

Remember I said the card is not linked to any regular bank account. Meaning that you will need to load it each and everytime you want to use the Africard for online transaction…

But how can you do this?

How to Load or Fund Your UBA Africard in Nigeria

There are two sure ways to do this, if this is your first time.

  • One of the ways is to simply walk into nearest UBA business office or agent around with the amount you want to load in, and they will do it for you.

Note that, if you don’t have bank account UBA, you will have to go to UBA branch offices before you can be able to load money on the card.

  • The second way is so easy and it’s for those who have UBA bank account. You can load money into your Africard by simply using the UBA Mobile App or Internet Banking or Magic Banking.

I used the Mobile Banking App to load funds into my UBA prepaid card and was so easy.

  1. All you have to do is download the UBA official app, sign in by using your Client ID and PIN.
  2. After that, click on the “+” symbol you see at the top right corner of the screen and add your regular UBA account.
  3. Now to load funds, click on “Send Money” while you’re on the regular bank account screen. Then transfer more than N1,050 to the prepaid card

That’s all about loading funds into your UBA Africard in Nigeria and I hope you get it.

You can now use your UBA Prepaid Card to do any online transaction after loading it…

But here are few questions you may want to find answers to:

How much is UBA Africard Issuance Fee in Nigeria?

To get the said UBA prepaid card or Africard in Nigeria at the UBA banking hall is free but immediately you load funds into the card, the amount of N1,050 will be deducted immediately (for the card) just like when you just request for regular ATM card

What is the withdrawal fees and other Fees of UBA Africard in Nigeria?

You can see the UBA Africard fees and charges in the leaflet that accompanied your prepaid card.

But in case you misplaced it, here are the fees:

  1. Monthly maintenance cost N50 + VAT which may totally result to N52.50 but not up to N60/mo
  2. Every SMS you received just because of the card cost N4. if you received 10 SMS, that’s N40
  3. Withdrawing money with UBA Africard from UBA ATM gallery is FREE
  4. Withdrawing money with UBA Africard from any other bank’s ATM cost N65

That’s all about getting UBA Africard in Nigeria plus how you can activate and load funds to it.

If you have any question. Please use the comment box below and I will answer you promptly.

DISCLAIMER: I’m not a Staff at UBA, partner or an affiliate of UBA. I’m a blogger and internet marketer who likes to share most of his experiences and researches with great visitors like you.

If you have any issue, you can contact UBA customer care with this email: cfc@ubagroup.com

Please don’t forget to share this tips on how to get UBA Africard or Prepaid Card with your friends on social media or copy the link to recommend this post anywhere.

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I am a front-end developer, part-time blogger, incoming data scientist, an enthusiastic cynophilist, and a curious introvert. I'm available for side gigs and partnerships. Contact me here: on WhatsApp or check me on Linkedin

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                Banking

                Chipper Cash vs PayDay — Which one should you choose?

                Published

                3 weeks ago

                on

                May 15, 2023

                By

                Chipper Cash vs PayDay – Who do you think will win?

                I know that you have heard about these two platforms before now and might have used one or two of them. In this head-to-head review, we will compare the two famous dollar and virtual card providers, Chipper Cash and PayDay, to help you determine which one is better suited for your needs. 

                We will examine various aspects such as usability, fees, features, and customer support to provide you with a comprehensive analysis.

                Kindly note that this is just a blog post from my personal experience and what I see on social media, not sponsored content by any of the companies I’m reviewing here.

                If we’re clear on that, let’s start.

                #1. Usability

                Of all features that make an app stand out, Usability is very important and this means how easy it is for users to navigate the app.

                Chipper Cash has a very basic design and experience, while PayDay has the nicest design and it’s very easy to navigate.

                A use case for why this is important:

                Chipper Cash would never show you the exchange rate unless you want to “Send” or “Request” funds, which you’re not likely to see. But on PayDay, you know how much a dollar costs before a purchase.

                And another use case on this usability part is the overview screen which is (normally) meant to show your recent activities or overview of what you can do. 

                Winner: PayDay.

                #2. Fees

                Every human is a business person by nature, so in most cases, we tend to look for the cheapest option and such happens when it comes to choosing a Dollar or virtual card provider.

                A lot of people complain that Chippers Cash has the most expensive exchange rate and this seems to be true.

                For instance, as of yesterday, I bought a dollar on PayDay at ₦742 while it cost ₦781.

                But before we agree that Chipper Cash is not the “cheaper”, let’s break down the rates.

                To create a VISA or Mastercard virtual card on PayDay, you’ll pay $5 as a creation fee while you’ll pay ₦2,000 on Chipper Cash.

                And before you can buy anything with dollars on PayDay, you have to swap the naira in your wallet for a dollar, then top up your card… They charge 0.5% of how much you’re swapping (maximum of $5).

                PayDay Swapping Fee

                While you don’t pay any swapping fee on Chipper Cash.

                Let’s assume I need a virtual card of $10, here is the breakdown:

                For PayDay:

                • Creation fee – $5
                • Top up – $10
                • Swapping fee – $0.075 (0.5% of $15)
                • Total ⇒ $15.075

                This converted to Naira in PayDay’s rate would be: ₦742 x 15.075 => ₦11,185.65

                For Chipper Cash:

                • Creation fee: ₦2,000
                • Top up: $10
                • Total: $10 + ₦2k

                Let’s convert this to Naira in Chipper Cash’s rate: (₦781 x 10) + ₦2,000 ⇒ ₦9,810

                It’s clear that Chippers Cash is “cheaper” but for the first time, you are creating the card.

                If you already have a card but want to top up, PayDay is cheaper but the difference is not up to ₦40 (781 – 742).

                In this case, there’s no winner.

                Winner: Draw

                #3. Customer support

                Because we are human and we are not perfect, what we manufacture, create, or produce as well will not be perfect. 

                That’s why there is customer support for businesses in case things go south and this is very important if you’re thinking of choosing a Dollar or virtual card provider.

                PayDay has the worst customer service, although they’re active on Twitter busy creating awareness for the product, but put zero to meager effort into their customer support service.

                I once had an issue on February 16, I sent them a message but they replied on March 2nd… that’s 2 weeks!

                PayDay Customer Support

                The recent issue I have with them which I’ll explain later took them 18 hours to send an “automated” response and since then, I’ve not heard anything from them and the issue hasn’t been solved. They immediately close the conversation without resolving it.

                The evidence of their poor service is on Twitter, just visit their page to enjoy the comments.

                Chipper Cash, they have a faster response rate when it comes to Customer service… I had an issue creating a dollar card and I reached out on Twitter, immediately I received a response and the issue was solved before I see the response.

                And I’ve not yet seen any trend where people complain about Chipper Cash’s support.

                Winner: Chipper Cash.

                #4. Success Rate

                Still, on the imperfection, anything can happen at any time but you definitely don’t want to put your money on a platform that’s more likely to fail.

                To be frank, Chipper Cash has the highest success rate while you may need to go to the nearby mountain to pray and fast before using PayDay.

                This is the top reason why a lot of people are trying to contact PayDay’s support and I think the messages are too much for their support to handle.

                I personally have an ongoing issue with them. I want to renew my domain names and I decided to use PayDay, I deposited some Naira, swapped to USD, and decided to get a virtual Dollar card with $34.74.

                I expect PayDay to deduct the Money, give me a dollar card with $29.74 as a balance, and remember their $5 card fee.

                I tried to buy the card, no response if it failed or it’s successful, I guess it’s a service… I keep on trying until I’m tired.

                So I checked my balance $15 has been deducted ($5 in 3 times).

                PayDay Deducts Money

                I had no idea why because up till now, no card has been issued to me… I had $19.74 left which I quickly sent to my Chipper Cash before PayDay got angrier.

                I top up my Chipper cash with some Naira, purchase my dollar card and I got it immediately

                Up till now, PayDay hasn’t issued the card to me or refunded me. People are complaining a lot about this same issue.

                The only (trending) complaint about Chipper Cash is the fee which I’ve explained already.

                Update on 16th of May, 2023

                The founder of PayDay tweeted to celebrate their milestone of having over 600k customers and I replied with my complain.

                 

                PayDay CEO tweet to celebrate milestone

                As seen in the screenshot above, he asked for my PayDay tag and immediately, the magic happened. I got my $15 refunded!

                PayDay refunds customer

                I hope they PayDay improves on their infrastructure instead of having multiple card creation failure and refund.

                But for now, Chipper Cash wins here.

                Winner: Chipper Cash

                #5. Downloads & Reviews

                So far, I’ve been referencing my experience with both platforms and it’s high time we see how people are reacting to both apps.

                I’ve mentioned that PayDay doesn’t have good reviews on Twitter compared to Chipper Cash but let’s check the Play Store to see what the users are saying with figures.

                PayDay has:

                • 100k+ Downloads
                • 3k+ reviews
                • 2.1 out of 5 average ratings.
                • Most rated 1 stars 

                PayDay Play Store Review

                Chipper Cash has:

                • 5M+ Downloads
                • 109k reviews
                • 4.1 out of 5 average ratings
                • Most rated 5 stars.

                Chipper Cash App Review

                This is evident that average people would prefer to use Chipper Cash instead of PayDay.

                Now, I’m not talking about the number of downloads or reviews, but the average ratings… That shows how satisfied customers are.

                Winner: Chipper Cash

                #6. Downtime

                Most of the time, we want to get something done as quickly as now. This is why I include this point to let you know how far.

                Currently, Chipper Cash is down and I’ve updated the app maybe it’ll be resolved but still down… imagine if I need to pay for something now and Chipper Cash is my only option, my faith on candle sticks.

                Chipper Cash downtime screenshot

                People complain about this, but to be honest it’s not like that every day as it’s mostly working… I would say the uptime is around 95%.

                I have never seen a PayDay app crash or have downtime and people don’t complain about that as well.

                Winner: PayDay

                Conclusion: Chipper Cash vs PayDay –Which one is the best?

                In the battle between Chipper Cash and PayDay, both platforms offer impressive features and services. PayDay stands out for its user-friendly interface, app’s uptime, and lower exchange rate, while Chipper Cash excels in Customer support, success rate, and user feedback. 

                Ultimately, the choice between the two dollars or virtual card providers depends on your specific needs and preferences. 

                I recommend you assess the fee structures, available features, and usability of both platforms to make an informed decision that aligns with what you need the platform for.

                As mentioned earlier, this is not a sponsored post but an honest review from my personal experience and the trend on social media platforms.

                If you think something is missing or would like to drop any feedback regarding your experience on any of these apps, kindly use the comment box as it’ll be helpful to everyone reading this blog post.

                Don’t forget to share if you think this review is good enough, for people to be informed.

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                Banking

                5 Best Dollar and Virtual Card Providers in Nigeria

                Published

                4 weeks ago

                on

                May 8, 2023

                By

                Are you a Nigerian but it’s quite difficult to make international payments online? What you need is one of these dollar or virtual card providers!

                As the world is becoming a global village, the way we make payments is also changing, and thanks to Technology for that. We have the likes of PayPal, Square, Venmo, and gift cards that make payment so fast and easy for people in developed countries like the United States.

                But in some African countries like Nigeria, it’s a very different story as nothing seems to be working for us when it comes to making borderless payments.

                A few months ago, we received announcements from the banks that our Mastercard and VISA would be unable to pay for international transactions.

                So, does that mean we should stop shopping on Amazon, eBay, or on any international sites?

                In Nigeria, many people are turning to the dollar and virtual card providers to meet their international payment needs.

                Here are the top 5 dollar and virtual card providers in Nigeria

                #1. Chipper Cash

                Chipper Cash is a mobile payment platform that allows users to send and receive money across Africa. The platform also offers dollar and virtual card services to its users. With Chipper Cash, users can easily create and link a virtual card to their account. 

                In addition to its dollar and virtual card services, Chipper Cash also offers a range of other features, including the ability to buy airtime, pay bills, and save money. The platform is available for both Android and iOS devices, making it accessible to a wide range of users.

                Many users complain that the Chipper Cash exchange rate is higher than other card providers, but they all agree that the card works anytime and any day, which is still good, I mean, we don’t have a choice for now.

                To get started with Chipper Cash, visit their website at https://chipper.cash/

                #2. PayDay

                PayDay is another popular dollar and virtual card provider in Nigeria. The platform offers a range of payment solutions, including virtual cards, and foreign accounts. With PayDay, users can easily create virtual cards and use them to make online purchases.

                In addition to its dollar and virtual card services, PayDay offers a range of other features, including the ability to send money and receive payments. The platform is available for both Android and iOS devices, making it accessible to a wide range of users.

                Elon Musk’s company, Starlink recently choose PayDay as one of their payment processors in Nigeria which is a huge partnership proving that PayDay gat some levels too.

                Oh, of all the platforms listed here, PayDay has the best User Interface, well maybe this is not valid but I love the design personally.

                To get started with PayDay, visit their website at https://www.usepayday.com/

                #3. Cardtonic

                Cardtonic is a platform that allows users to buy, sell, and exchange gift cards, as well as provide dollar and virtual card services. The platform offers competitive rates for its services, making it a popular choice for those who need to make international transactions.

                Cardtonic also offers a range of other features, including the ability to buy and sell Bitcoin, pay bills, and transfer funds.

                How does it work?

                Let’s say you want to buy an item that costs $200 on Amazon, you can head over to Cardtonic to buy an Amazon gift card of that amount, and you’re good to go.

                The platform is available for both Android and iOS devices, making it accessible to a wide range of users.

                To get started with Cardtonic, visit their website at https://cardtonic.com/

                #4. Barter by Flutterwave

                Barter is a virtual card service provided by Flutterwave, one of the leading payment platforms in Africa. The platform offers a range of payment solutions, including virtual cards, physical cards, and dollar accounts. With Barter, users can easily create virtual cards and use them to make online purchases.

                In addition to its dollar and virtual card services, Barter offers a range of other features, including the ability to pay bills, send money, and receive payments. The platform is available for both Android and iOS devices, making it accessible to a wide range of users.

                To get started with Barter by Flutterwave, visit their website at https://barter.flutterwave.com/

                #5. Flip by Fluidcoin

                Flip is a virtual card service provided by Fluidcoin, a cryptocurrency exchange platform. The platform offers a range of payment solutions, including virtual cards and dollar accounts. With Flip, users can easily create virtual cards and use them to make online purchases.

                In addition to its dollar and virtual card services, Flip offers a range of other features, including the ability to buy and sell Bitcoin, pay bills, and transfer funds. The platform is available for both Android and iOS devices, making it accessible to a wide range of users.

                To get started with Flip by Fluidcoin, visit their website at https://useflip.app

                Enjoy Cross-border with Virtual card providers in Nigeria

                The rise of digital payment platforms has made it easier for people to transact across borders. The dollar and virtual card providers listed above offer a range of payment solutions that make it easy for Nigerians to make international transactions. 

                These providers offer competitive rates and a range of features that make them a popular choice for those who need to send and receive money across borders.

                I will advise you to get 2-3 of these card providers in case one fvck up. I have  5.

                Which of these providers have you used before? Mind sharing your opinion? Okay, you have the floor in the comment section.

                Continue Reading

                Banking

                Kuda Overdrafts: Eligibility and How to Qualify to Borrow Money from Kuda Bank

                Published

                2 years ago

                on

                November 17, 2021

                By

                You’ve heard the popular anthem on YouTube, Streaming apps, or where that says: “No shame in borrowing when you can easily take Kuda Overdrafts” and you wonder what’s this all about? How can I qualify to borrow money?

                I will quickly talk about that in this blog post. And I assume you don’t have an account with Kuda bank yet, but if you already have one, you can navigate to the right part for you by using the table of content below.

                What are Kuda Overdrafts?

                Kuda Overdrafts are money borrowed for a short period of time to take care of urgent issues. You can say Kuda Overdraft is a “short-term” loan, that’s how Kuda Bank describes it.

                It’s not like a loan that you have to request before it’s disbursed, but the process is automatic, hence, it is called “Overdrafts” and not technically “loan”. 

                How Kuda Overdrafts Work

                Assuming you have N50,000 on your Kuda bank, and you need to pay school fees of N100,000, you can withdraw that N100,000 to pay your school fees and your account will be -50,000 (If you are qualified already for overdrafts).

                Just understand it as the way you borrow airtime or data from MTN when you need it urgently. You don’t need to visit the MTN office or fill any form before you borrow. Once you’re a regular user of MTN, you can borrow anything on the SIM and pay on your next recharge.

                How Kuda Overdrafts Work - Image Credit: Kuda bank

                How Kuda Overdrafts Work – Image Credit: Kuda bank

                That’s how Kuda Overdrafts work – Just like using a credit card in foreign countries).

                Learn More: What is Kuda Overdraft?

                Because some Nigerians are victims of embarrassment resulting from taking loans online, you may think that Kuda Overdraft is in that caliber of embarrassing their customers. But Kuda Bank is not!

                CHECK: Top Apps to Manage Your Finance in Nigeria

                I’ve been using Kuda Bank for a few years and I enjoy their banking service. When I qualify for overdrafts, I took it (without shame) to see if they’ll frustrate my life but till now, I’ve never been embarrassed or stalked because I borrow money from Kuda bank.

                Kuda Overdrafts Vs Other Loan Apps

                • Low interest: Kuda Bank takes a very small interest. I mean very low as 0.3% daily interest. That is just N30 daily if you borrow N10,000 – If you pay up within 10 days, you’ll pay just N300, or let’s say you pay after a month, you’ll pay just N900. Crazy. Right?
                • No Paperwork: You’re not filling any form either online or offline before you can qualify for Kuda Overdrafts.
                • No Collateral: This may sound like an invalid reason why borrowing money from Kuda Bank is the best, but it is a valid reason. Those who said they don’t take collateral are right, but they’ll use the contacts on your phone as their collateral. You gerrit?
                • No Embarrassment: As I said above, these loan apps will copy all the numbers on your contact list for special embarrassment later. Kuda bank doesn’t do this at all, you pay when you’re financially buoyant.
                • I will also say borrowing money from Kuda bank will give you peace of mind, they will never call or email you to repay. 

                To borrow money from Kuda bank is not a “squid game” unlike fake loan apps that run after people’s life. If you want to know more about these loan sharks and how to avoid them, read this blog post.

                How to Qualify for Kuda Overdrafts

                There are steps you must take before you can be able to borrow money from Kuda Bank. They are:

                1. Become a User of Kuda Bank (Register and Verify your account)
                2. Use Kuda Bank regularly (to transfer, receive, pay bills, buy airtime)
                3. You’ll qualify automatically (Again, you don’t need to fill any form)

                #1 Become a User of Kuda Bank

                All you have to do is to download the Kuda Bank app on either Playstore or Appstore (for iOS), register, verify your BVN, phone number, and email address.

                You may also need to upload your NIN slip, and you’re good to go. This is the first step to qualify for KUDA overdrafts.

                #2 Use Kuda Bank Regularly

                After becoming a user, the next step is to become a frequent user and this is what will qualify for Kuda’s “short-term” loan (overdrafts).

                But you may want to ask how often or regularly should you use Kuda Bank?

                Well. I don’t have a straight answer, but In my case, I use Kuda for 80% banking that I want to do. I use it to receive money, send money, bill data, and airtime. I don’t just keep N1,000 there, I keep most of my Naira in my Kuda bank account.

                #3. You’ll Qualify Automatically

                The system has been programmed to upgrade regular users to have access to Kuda overdrafts. So, you don’t need to request approval or whatsoever. Just use Kuda Bank regularly and you’ll get your own “lunch” from Kuda.

                PS: The first time I received a notification that I’m qualified for Kuda Overdrafts, I can only borrow N30,000 but later, I think after 2 months, I can get up to N75,000.

                I believe the more you keep using the Kuda for banking, the more they’ll increase how much you can borrow on the app.

                How To Borrow Money on Kuda App?

                On the home screen of your app, simply swipe to, or click on “Borrow”, adjust the range element to how much you need and click on “Get your Overdrafts”. That’s all.

                What the video below to see how to do that:

                Borrow Money Without Shame, Take Kuda Overdrafts

                This is the first time I will see something like this aside from borrowing from telcos. Kuda Bank is really stepping up its game and it has been a great experience for us (customers).

                I enjoy taking Kuda overdrafts without shame, no harassment, no room for getting stranded on cash. Just become a regular user, and you’ll enjoy the same experience.

                But some people do ask; what if they fail or refuse to pay back the money they borrow from Kuda Bank? Well, I don’t know what will happen, but I’m sure Kuda Bank has a way to sort it out amicably or legally.

                You can’t outsmart Kuda Bank if you’re thinking of taking the overdrafts “japa”. You can’t japa because security agencies will nab you. This is not a threat, remember I said Kuda Bank will never embarrass you like some loan sharks used to do. 

                But don’t be like those who plan to run away with Kuda Overdrafts without payment back, it’s not fair, you know.

                 

                This post “Kuda Overdrafts: Eligibility and How to Qualify to Borrow Money from Kuda Bank” first appeared on https://www.gbolamedia.com – Do not copy without permission.

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