Financeloan apps

Fine Kudi Loan App Review: Instant Online loan app

FINE KUDI loan app is an online mobile application providing short term loan services for Nigerians.

Loan amount starts from N2k up to N200k depending on your credit score.

An unsecured loan, a hallmark of FINE KUDI, distinguishes itself by not requiring collateral or a down payment for approval. Characterized by its short-term nature and relatively high interest rates, such loans serve a specific purpose—they should be reserved exclusively for emergencies and situations of utmost need, rather than funding a lifestyle.

The app, garnering over 500,000 downloads on the Google Play Store, has ignited discussions with mixed reviews. Employing a loan software, FINE KUDI collects comprehensive information from prospective customers, delving into phone records, banking transaction alerts, and BVN details to construct individual credit scores.

For those aiming for higher loan amounts, maintaining a positive credit profile is paramount. This entails keeping clean bank transaction records on your phone and ensuring a debt-free history with other loan apps. In this blog post, we unravel the nuances of FINE KUDI’s short-term loan app, providing valuable insights for users navigating the intersection of convenience and financial responsibility.

Fine Kudi Download APK and get a loan

  • Download the Fine Kudi personal Loan App exclusively available on the Google Playstore and install it on your Android phone.
  • Register an account with your phone number.
  • Preferably the phone number connected to your BVN as a one-time password will be sent to it for verification.
  • Fill in your basic know-your-customer KYC information, including your residential address, next of kin, and employment details
  • You will also be required to provide your Biometric verification number BVN.
  • You’ll be charged N30 to bind your ATM card to your account to increase your chances and getting a higher loan amount.
  • A one-time password OTP will be sent to your phone to confirm your details.
  • After the submission of your loan application, the software will analyze your credit score and the final result will be shown in the APP.
  • The result should be displayed in less than two minutes and if you qualify for a loan, the loan amount will be disbursed into the bank account directly.
  • Make sure you’re using a good phone with enough memory space as you will be required to take a clear live selfie for identity.
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Note that binding your ATM card with N30 does not guarantee that you will get a loan, you still have to pass the credit score check.

The N30 charged to bind your ATM card to your account is refundable, but can take anywhere from 7 to 12 business days for the money to be refunded back to your bank account.

Your BVN is linked to your credit score, so if you have an outstanding loan with other lenders or didn’t pay other lenders as at when due, expect your application to be rejected.

Your credit score is a record of your previous borrowings, how early or late you make your payments, cash transactions going in and out of your bank account among other information.

When you download this app you have to consent to it to get access to your phone book contacts that will serve as your guarantors, SMS to see your banking transaction records, apps on your phone to see how you use other loan apps and other details it uses to build your credit score.

Is this loan app legit or scam?

Fine Kudi does give short term unsecured loans to customers with high interest.

You should know that these loan apps are not registered or regulated by the CBN or any government agency in Nigeria. You are responsible for the security of your transactions with them and there is no way to seek redress for poor customer service.

Also its availability on Google play store does not make transactions performed on it secure. The play store merely provides an avenue for download, you are responsible for your own security while using loan apps in Nigeria.

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When taking loan, be mindful of the repayment plan. If you take a 60 days loan with two repayment installments, the app might attempt to auto debit you on the due date of the first installment and even charge overdue charges before the end of your 60 days tenure.

You can change your ATM card password to prevent auto debit. This app has been reported to deliberately auto debit their customers even after they have made payments via bank transfer.

Because there is no regulations in Nigeria, most of these apps are loan sharks who might threaten to send messages to your family members calling you a scammer if you default on your repayment. It is best to avoid these apps if you have other options.

If you’re being threatened or bullied by any loan shark in Nigeria, see this Facebook group where you can find support and read about the experience of others who have suffered bullying from loan apps.

You can take steps to check and remove your BVN from the credit bureau blacklist after repaying your loans and your loan app did not automatically clear you.

What other borrowers are saying about Fine Kudi loan app

Anne Amba-Myne wrote, “I’ve been trying to refund back the money paid for the past 3 days. The account keeps coming up as invalid. I don’t need the loan. The approved amount and disbursed amounts are not same. Is there any other repayment method please? Customer care line isn’t available. Thanks”

Tina Agbata wrote, “i apply for a loan after the filling you disburse money without showing the interest when i check your darsbooard it was showing am going to pay 10000 in 7 days with that big interest, you better resolved this cos am not going to pay that big interest.i give 2 🌟 until you resolve it.”

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Young J wrote, “I can’t seem to login or sign up after the inputting the code, it’s not taking me further neither is there any option for next.”

Interest rate?

– Loans range from ₦5000 to ₦100,000 with terms from 91 days to 360 days.

–Interest ranges from 12%- 25% with an equivalent monthly interest of 1% – 2.08%.

– Loan Calculation Method


Loan Amount: ₦10,000

Loan Term: 100 days

Interest: ₦10,000*15%= ₦1500

Gross Total Repayment Amt= Loan Amount + Interest=₦11500.

Note that this interest rate and loan duration is just an example, expect your actual loan and duration to be much lower, but you can improve it by paying back your loan on time and keeping a good credit record.

Fine Kudi Loan app customer service number

Customer Service :09016614599

• Email: [email protected]
• Address: 3 Ohiamini Street off olu obasanjo , Port Harcourt, Rivers, Nigeria.

If you have any issues with this loan app, please state it in the comment section below and we will try to provide options and solutions as soon as possible.

Ibrahim Ismail

A passionate and highly skilled individual who has seamlessly blended the worlds of statistics, technology, and finance.

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