NCBA Loop Unsecured Personal Loan: Product Details & How to Apply is not a lender. We verify loan rates and provide cost breakdowns from Kenya's top lenders to help you apply for loans with confidence.
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Unsecured Loan
Loan Amount
Ksh50k - 3M
Loan Period
6 months - 3 years
Interest Rate
14.1% annualised
Total Cost
(incl fees)
17.2% annualised, year one
Product Details
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*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

This product is provided by NCBA Bank Kenya Plc. NCBA Bank Kenya Plc is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya.

How to Apply

Our Review
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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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Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

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