NCBA Loop Unsecured Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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Unsecured Loan
Easy Apply
Ksh50k - 3M
6 months - 3 years
Interest Rate
14.1% annualised
Total Cost Including Institution's Other Fees
17.2% annualised, year one
Requires at least 3 months active account history
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Easy Apply

Loan Type

Unsecured Loans

*Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be  14.1%.

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 14.1%
  • Interest Maximum: 14.1%
  • Processing fee: 2%
  • Insurance Fee: 0.7%
  • Withdrawal Fee: Ksh 42
  • Late Fees: None
  • Other Fees: 20% Excise Duty on Processing Fee

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Online
  • Disbursement Method: Loop account

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Auto-deduction

Eligibility Requirement:

  • Smartphone: Required
  • CRB: Must be in good standing
  • Income: No Minimum
  • Employment: Not required
  • Network: Not Required
  • History: Active Loop Account for 3 Months


Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 19.43%
  • Estimated Processing fee: Ksh2,000
  • Estimated credit Insurance: ksh700
  • Excise duty: ksh550
  • Total Loan Repayment Amount: ksh110,481
  • Estimated Monthly Loan Repayments: ksh8932

How to Apply

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  • Fast approval time (less than 24 hours)
  • Large loan limit (3m KES)
  • Easy to use app makes applying and tracking your loan straightforward     


  • Active Loop account for 3 months to access
  • Withdrawal fee from Loop to Mpesa Ksh 42
  • Initial sign-up requires visiting a Loop store 

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How to Apply for NCBA Loop Loan, App, Repayment, Fees, Contacts

NCBA Loop is a digital banking service by the NCBA Bank. It is available on both Google and Apple stores, with over 500,000 downloads and a 4.7 out of 5 star rating on Google Play.

One can use their loop account to send money to other loop accounts, send money to other bank accounts, and also pay bills like DSTV, electricity, etc. 

Who Is Eligible For NCBA Loop Loans?

NCBA Loop Loan Limits and Interest Rates

How to Register Using the NCBA Loop App

How to Apply for Your First NCBA Loop Loan

How to Withdraw Money from NCBA Loop Account to M-pesa

How to Make NCBA Loop Loan App Repayments

How to Deposit Funds from M-Pesa to NCBA Loop Account

How to Repay the NCA Loop Loan Using the App

NCBA Loop App Loan Fees and Penalties

NCBA Loop Loan App Reviews and Contacts

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