Bank the smarter way with Chedda. Say goodbye to bank queues & charges. Make transfers and get loans without collateral all with Chedda app.

Chedda is a digital banking app that allows you to send and receive money with no fees. Get loans with the best possible interest rates, buy airtime at a 2% discount and enjoy many more benefits. It’s safe, simple and convenient.

The information provided in this article concerning this app is based on information available from the owners of the app and in no way represents the opinion of growfinance and it’s authors.

Benefits Of Chedda Digital Bank App

1. Download the Chedda App, the use of which helps you to save on your everyday expenses.

2. Get started in less than 2 minutes. Yes! It’s easier than you think.

3. Send and receive money with zero fees.

4. Get loans with the best interest rates.

5. Buy airtime at a 2% discount.

6. Fast and 24/7 responsive customer support.

7.  No more bank queues, all your banking needs are in an app.

8. Build your credit score.


Banking is better when you do it the Chedda way. Consider Downloading the Chedda Banking App now.

How To Start Using Chedda App

You can get Started using Chedda app just in 2 Minutes following the steps below:

1.  Download the Chedda App and sign up.

2. Start sending and receiving money, and buy airtime at a 2% discount.

Features Of Chedda Loans

1. You get Get Loans with Zero Hassles

2. You get access to medium and short-term loans without collaterals to cater for your financial needs – both personal and business.

3. Chedda Loan Period: The payback period can be from 60 days and above depending on your loan eligibility.

4. Chedda Loan Interest Rate: Minimum and maximum interest rates are 3% and 10% respectively.

For example, if you get a personal loan product of N10,000 to pay back over a 60 days period at an interest rate and fee of 3% per month (36% APR), you will be paying back N600 in interest. Hence, your total Principal + Interest repayment amounts to N10,600 only.

Requirements To Apply For And Get Chedda Loan

To qualify for and get Chedda loan, you must meet the following basic Loan Eligibility criteria:

1. To access loans on Chedda, you must be 21 years of age and above

2. You must be employed with a stable income.


Credit Score Impact On Chedda Loan

The amount of loan you are eligible to get is determined by their credit scoring algorithm. Taking loans on Chedda can impact your credit score either positively or negatively. You should ensure you do not default on your loans as it will negatively impact your credit score. This can hamper your ability to take loans in the future.

Reviews From Customers Of Chedda

Many customers of Chedda who have used the app to do transactions comment that it is good and seamless. They appear happy with it.

However, some Customers of Chedda complain about difficulty they encounter trying to create PIN in the registration process. Some others encounter difficulties and delays trying to transfer money from their Chedda account to other accounts.

For a more detailed Individual Customer reviews, go to Google play store. 

Contact Details Of Chedda

For more information about Chedda, please visit

Follow them on social media:





You can reach out to them for the resolution of your complaints or issues on the following channels.

Phone: You can call them  at +234(1)7002274 or

Email: send them an email at [email protected].

Also for more information, do well to visit their website


Chedda Privacy and Permissions

Chedda does not require collaterals or other cumbersome processes. However, for greater loan amounts, they may need you to provide additional documentation in order to verify your identity and creditworthiness. They take privacy seriously, your personal information will never be shared without consent.

In conclusion, the above information about Chedda Digital Bank app is provided to assist you when you have need for online loan or other services to enable  you weigh this against other options open to you so as to take an informed decision. We equally advise that you check up our posts on risks associated with online loans, savings and transactions.


Equally note that our website, growfinance, neither provides loans and other  banking services nor promotes any app over the other but merely gives information to the public based on information available from app owners such as owners of this Chedda app.

Leave a Reply

Your email address will not be published. Required fields are marked *