Nu Colombia review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Nu Colombia suits Colombian adults who want everyday banking with nothing to pay each month and money that earns 0.1% while it sits in the account. The COP 0 monthly fee and a COP 0 minimum deposit keep it simple, though a 0.45% conversion fee makes spending abroad cost more.
Key facts
- Best for
- A fee free everyday account in Colombia that also lends for home improvements.
- Monthly fee
- COP 0↗
- Currency conversion fee
- 0.45%↗
- Card type
- Debit↗
- Card network
- Mastercard↗
- Legal entity
- Nu Colombia Compania de Financiamiento S.A.↗
- Headquarters
- Colombia↗
- Founded
- 2020↗
- Support channels
- Email, Phone↗
- Features
- Same-day funding
- Official website
- nu.com.co
Loans
- Loan amount
- COP 100,000 to COP 45,000,000↗
- Term
- 48 to 60 months↗
- Arrangement fee
- 0 - no origination fee, no hidden costs↗
- Funding time
- Money lands in the Nu account seconds after accepting the offer in the app↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Natural person, over 18, holds a Colombian ID (citizenship or foreign ID) and has a Nu Account↗
- Origination fee (%)
- 0%↗
- Loan types
- Personal↗
- Credit needed
- Good↗
- Use cases
- Home-improvement↗
- Pricing model
- No monthly fee
Pros and cons
Pros
- The monthly fee is COP 0 and the minimum deposit is COP 0, so the account costs nothing to run.
- Transfers to any bank are unlimited and free, and the 0.1% yield is shown in the app each day.
- A debit card on the mastercard network is included, and loans carry 0 - no origination fee, no hidden costs with same day funding.
Cons
- The 0.45% conversion fee applies on every purchase abroad, well under the category median of 1% but still a running cost.
- Support runs on email and phone only, with no branch counter or in-person desk.
- The free ATM withdrawal allowance each month is small, so cash at home is the weak spot.
Who it suits
- Colombian adults who want an easy access account with a COP 0 monthly fee and a COP 0 minimum deposit.
- People who pay and receive in pesos, moving money to other local banks without a cap on transfers.
- Borrowers with good credit planning a home improvement loan who want the money in the app straight away.
Who should look elsewhere
- Wise, if you hold several currencies and convert often, because Nu Colombia adds 0.45% on every conversion while Wise charges a monthly fee of £0.
- bunq, if you want an account outside Colombia rather than one based in Colombia, as bunq's monthly fee is €0.
Rates and terms
Savings earn a headline rate of 0.1%, and the rate type is variable, so what your balance returns can move rather than staying fixed. Borrowing is the other side of the product: personal loans run over 48 to 60, and a longer term means a larger total to repay. The rate describes the money you keep, the term describes the money you borrow.
How Nu Colombia compares
8.7 vs 9.4
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8.7 vs 9.4
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8.7 vs 9.2
8.7 vs 8.4
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8.7 vs 8.8
8.7 vs 9.0
8.7 vs 8.6
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8.7 vs 9.0
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 8.8
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8.7 vs 8.5
8.7 vs 8.4
8.7 vs 8.0- 8.7 vs 8.0
Where Nu Colombia is available
- Available
- Colombia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a Nu Colombia account cost to run?+
The monthly fee is COP 0 and the minimum deposit is COP 0, so opening and keeping the account costs nothing. Transfers to any bank are unlimited and free, with a free ATM withdrawal allowed each month. Spending on the mastercard card needs no extra charge to hold.
What card comes with the account?+
The account comes with a debit card on the mastercard network, so it is accepted wherever that network is taken. The card spends from the balance in the account, and there is nothing to pay monthly to keep it. The account is easy access, with no notice period on your money.
What yield do I earn on money left in the account?+
The headline rate is 0.1% and the rate type is variable, so the return can move rather than staying fixed. The category median on the site is 2.75%, well above what this account pays, so treat the balance as cash first and yield second.
What does it cost to spend money abroad?+
The currency conversion fee is 0.45%, below the category median of 1% but charged on every conversion. On the site ranking for this measure, Nu Colombia sits at 115 out of 258 brands. Domestic transfers to any local bank stay unlimited and free.
How do I borrow, and what does it cost?+
Loans are personal loans of COP 100,000 to COP 45,000,000 over 48 to 60, and 0 - no origination fee, no hidden costs. Lending includes same day funding, so money lands in the account right after you accept the offer in the app, and early repayment carries no charge. Nu Colombia is a direct lender, so there is no broker in between.
Who can borrow, and who runs the provider?+
You need to be an adult natural person with a Colombian ID, whether a citizenship card or a foreign ID, and a Nu account already open. A good credit record helps the application. The provider is Nu Colombia Compania de Financiamiento S.A., based in Colombia, and has been running since 2020.
Sources
- blog.nu.com.co/prestamo-nu-solucion-financiera-a-tu-medida checked September 26, 2026
Backs: Loan amount, Eligibility, Free early repayment, Funding time, Lender type, Use cases
“Request a small amount (from $100,000); access amounts up to $45 million”
- nu.com.co checked September 26, 2026
Backs: Account kind, Headquarters
“Carrera 11 # 79 - 66, Bogotá, Colombia”
- nu.com.co/cf/cuenta-condiciones checked September 26, 2026
Backs: Access terms, Card type, Currency conversion fee, Headline rate, Minimum deposit, Pricing model, Monthly fee, Card network, Rate type
- nu.com.co/cf/cuenta checked September 26, 2026
Backs: Legal entity, Support channels
- nu.com.co/prestamo-ligero/condiciones checked September 26, 2026
Backs: Origination fee (%)
“There are no hidden costs... There are no mandatory insurances; your light loan has no insurance or sureties”
- nu.com.co/prestamo/condiciones checked September 26, 2026
Backs: Features
“The money from your loan reaches your Nu Account seconds after you request it”
- nu.com.co/prestamos checked September 26, 2026
Backs: Credit needed, Loan types, Arrangement fee, Term
“To be able to offer you a Préstamo Personal it is essential that you pay your credit cards or other loans on time, maintaining a healthy credit history”
- linkedin.com/company/nu-colombia-servicios-financieros checked September 26, 2026
Backs: Founded
“founded in 2020”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Nu Colombia
A fee free everyday account in Colombia that also lends for home improvements.