Kredi Bank: Loans and Savings

3.9
3.17K reviews
500K+
Downloads
Content rating
Everyone
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About this app

Banking needs to be convenient and Kredi Bank is designed to make your life more efficient and secure. As your bank, we make it easy for you to access incredible savings plans when you need it. And should you be tight for cash, you can get loans just whenever, wherever.

Sign up in a few seconds, open your bank account, save and get incredible rates. Alternatively, apply for a loan, and receive your money into your new Kredi Bank account. It's a fast, convenient, and reliable way to fix your spending gap.

KREDI FEATURES:
- Account Opening: Opening a Kredi account can be done wherever you are and whenever you want. Simply select an account type and fill in your personal details. It's easy peasy!

- Save Money: Saving your money just got better. Simply log into your Kredi account, click the "start saving "button to start saving immediately for all your needs and goals.

- Loans: Kredi provides small, short-term nano, SME, salary-backed, and collateral-backed loans to cushion your finances when you need it.

- Fund Account: Send money and make direct deposits to other bank accounts. With your Kredi account, you enjoy secure transactions with just one click.

- Transfer: Enjoy credible, convenient, and quick transfers. You can make transfers to Third Parties seamlessly and in no time. Start making your transfers!

- Bill Payment: Reliable and secure way to settle your bills and fast payments. Just create an account to manage and pay your bills online with Kredi.

- Airtime Top-up: Our airtime & data top-up service allows you to send mobile credit to any mobile network. You can buy instant airtime for family and friends where you want, when you want.

REPAYMENT TERMS FOR ALL LOANS
Depending on the loan amount for which you are eligible, you have the option to choose repayment terms for up to 180 days. Choose the loan term that's right for you within the app.

RATES AND FEES
Our loans range from N5,000 to N500,000. However, you must be at least 21 years at your last birthday to be considered for a loan. The loan tenor can be between 60 to 180 days. Interest rates range from between 4.5% - 35% with an equivalent monthly interest of 5%- 29%. An APR of 29% to 120%.

A typical example is this:
If you choose to get a 6-month loan of N10,000, Kredi Bank charges an interest rate of 5% per month which would amount to 30% for the tenor. We would charge you N3,000 as the interest of the 6-month period so that your total repayment is N13,000.

- We usually require no collateral, guarantors, or documents. However, for loans beyond certain amounts, we may require additional documentation. Nevertheless, all you need is to download our Kredi Bank app and apply right from your mobile phone.

- We cater to all categories of loan requests. Whether you are self-employed or a salary earner, our loans are readily available to help meet that immediate need.

ADDITIONAL NOTES
* When processing your loan request for eligibility, we look at several signals, such as your credit score, past loan performance, etc. We require that loan applications be filled with the correct information as any falsification could delay your loan request, or your profile may be blacklisted. For cases of fraud, you may be reported to the authorities.

CONTACT US

We're eager to hear from you as we welcome feedback and tips to make our services better. If you have any feedback, questions, or concerns, please contact us at info@thekredibank.com or call us on +234 1 888 5557.
Updated on
Oct 21, 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
This app may collect these data types
Location, Personal info and 2 others
Data is encrypted in transit
You can request that data be deleted

Ratings and reviews

3.9
3.15K reviews
Taiwo Shode
September 25, 2024
Chapter 1: This app will ask for every document in your archives and after going through the difficult task of providing them, your request for loan will be pending for days without any communication. Those giving good reviews are all staff and associates of Kredi Chapter 2: In your response, you asked for description. Is my explanation not descriptive enough? You leave loan requests on pending status for weeks without stating any reason. I've deleted your useless app.
152 people found this review helpful
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Kredimoney MFB Limited
September 24, 2024
Hi, can you please provide details so that we know the reason for the low rating. This will help our team to improve our app and serve you better. Looking forward for your response. You can also reach out to info@thekredibank.com.
Rizwan Syed
October 13, 2024
Don't know why this app doesn't validate my phone number which functional as well as has Whatsapp easy paisa and bank account but every time I write it shows an error and also what is referral code??? So complicated.. plz make it easy.. I haven't applied for loan bcz it's not working so sad 😢😢😢 bye bye
3 people found this review helpful
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Kredimoney MFB Limited
October 21, 2024
We highly regret the inconvenience. However, we could not understand the exact problem. Please shoot us a message at info@thekredibank.com with relevant details. We'll be more than happy to assist you. Thanks.
Emmanuel Imonitie
August 5, 2024
Is a very useless and time wasting bank application. It cannot verify common BVN and even if it try to send it will 6 digits and was suppose to send 5 digits useless
41 people found this review helpful
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Kredimoney MFB Limited
August 5, 2024
We apologise for the difficulties you experienced while registering with us. If you would like some assistance or additional information, please contact us via info@thekredibank.com and we will be happy to help you further.

What's new

What's new:
- Receipt Sharing Fix: We’ve fixed an issue with sharing receipts, ensuring a smoother and more reliable experience when sharing transaction receipts directly from the app.
- General performance improvements and bug fixes to enhance the overall user experience.

Update now to enjoy a better Kredibank experience!