Are you looking for a mobile app that will help you manage your funds while accessing loans whenever needed? The NCBA Loop app is the right product for you.
Loop is a digital banking service designed to simplify financial management by combining banking, transactions, budgeting, and savings in one place.
It seeks to give its customers financial control back into their hands, quite literally by offering a full banking service delivered through mobile (Android & IOS) and web experience.
Through the platform, borrowers can access unsecured loans of between Sh50,000 and Sh3 million, repayable in 6 to 36 months depending on the amount borrowed.
Moreover, Loop users can also access an overdraft of up to Sh100,000 to complete transactions whenever short of funds in their Loop account.
Below are the services offered by the Loop app:
Investments: This service allows you to invest your money, hence increasing your net worth. Through the Loop, you can maximize your money’s potential through their flexible and assisted investment system.
This also enables you to tweak and monitor performance from your App. Besides, a customer can request to withdraw funds from their Investment account. The interest rates can be found on their tariff guide appended.
Why you need to get a LOOP Visa card: Unmatched convenience, security, reliability
Goals: NCBA Loop helps you set and meet your financial goals, so you can get to where you are going faster. The app allows you to set specific achievement levels for each goal you create together with payment schemes. You can be in control of all the places you want to be in the future.
This service also has a withdrawal option that allows you to access money from your goal account. The request will be processed immediately, therefore, you get your money instantly. This account has no interest.
Payments: Making payments has been made easier. The App offers this service – You can Pay to Loop, to Mobile Money, or any Bank. Pay your bills or pay a merchant via Pay Bill, Till, or with a Loop card.
Personal Loans: All Loop consistent users who have been active for at least 3 Months, passed KYC verification, have not been blacklisted, and have been assigned a credit limit are eligible to take out loans based on their assigned limit.
Overdraft Facility: All Loop frequent customers who have been active for at least 3 Months, passed KYC verification, have not been blacklisted, and have been assigned a credit limit are eligible to take out overdrafts based on their assigned limit.
Personal Financial Management: Customers can analyze their spending habits thus have a better picture of where their money is going. Personal Financial Management presents customers spending graphically making it easy to understand where your income is spent.
