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Commercial Bank of Africa (CBA) launched their digital banking service Loop in March 2017.  They recently updated it to include loans and overdrafts.

To get a loan from Loop, you need to do the following:

1. Register for the service

To register for a CBA Loop account, you need to download the Android app , iOS app or go to their website cbaloop.com.

2. Creating an account

To create an account you need a phone number and your ID number. You will be sent a PIN to activate the service to access your account.

3. Applying for a loan

Once you have successfully created an account, you can be able to apply for a loan.

Loop customers can access loans of up to Ksh. 3 million and overdraft of upto Ksh. 100,000. Loan repayment period is between 6-36 months. Interest rates will vary depending on the customer.