Terms & Conditions

1. Agreement

By accessing our website or applying for Kudiloans, you agree to be bound by these Terms and Conditions and our Privacy Policy. If you do not agree, you are prohibited from utilizing our digital lending services.

2. Eligibility Guidelines

To contract credit lines with us, you must:

• Be a citizen or legal resident of Nigeria.
• Be between the ages of 18 and 60 years old.
• Possess a valid Bank Verification Number (BVN) and verified bank account.
• Provide verifiable monthly income details.

3. Interest Rates & Charges

Our primary loan product Kudiloans charges a simple interest rate (starting at flat 3.5% monthly). All charges, interest rates, and final repayment values are declared dynamically within your digital loan agreement before disbursement. We guarantee that no hidden charges or undisclosed fees will be applied during your loan tenure.

4. Repayments & Direct Debit Authorization

You are legally obligated to settle your loan instalments on or before scheduled due dates. By accepting a Kudiloan offer, you grant Kudilinks direct debit consent to execute automated collections from your verified bank card or linked accounts on repayment dates.

5. Default & Credit Bureau Reporting

Failure to meet repayment due dates constitutes a default. Under default, Kudilinks reserves the right to:

• Apply standard late repayment charges.
• Report default profiles to CBN-regulated Credit Registries, impacting your national credit rating.
• Employ legal recovery procedures to retrieve outstanding balances.

6. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of the Federal Republic of Nigeria, and any disputes will be subject to the exclusive jurisdiction of Nigerian courts.