CBA Loop updates their service with loans & free payments

Eric Muriuki, GM, New Business Ventures at CBA Group, Jeremy Ngunze, CEO Kenya, Chris Pasha, Group Head of Marketing and Communications, CBA Group

Commercial Bank of Africa (CBA) have updated their Loop digital banking service to now include loans, free payments and lowered charges for various services. Loop was launched in March 2017.

CBA Loop review: It is pretty useful despite having a few kinks

The changes include:

1. Loans

Loop customers will now access loans of up to Ksh. 3 million and an overdraft of upto Ksh. 100,000.

2. Direct payments

Customers will be able to make direct payments from the app to PayBill or Till numbers through M-Pesa, EassyPay and Masterpass.

3. Transaction fees

Additionally customers will be able to enjoy lowered transaction fees and in some cases, no charges.

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