LOOP Overdraft

From time to time, you might find yourself dealing with unexpected one-off expenses and emergencies or having to finance short-term cash flow needs when your account balance is running low.

With your LOOP Overdraft, you can keep on transacting up to a possible overdraft limit of KES.100,000 and repay the owed amount within 30 days helping you to never miss an opportunity no matter the situation.

Unlocking your overdraft is easy, simply increase your deposits and transactions on LOOP and maintain a good credit score and history, no paperwork, no hassle.


Why LOOP Overdraft?

Borrow what you need, as often as you need it, within your overdraft limit

Enjoy easy stress-free repayments by simply depositing money into your LOOP Payment Account

Access some of the lowest interest rates in town

Easy application and instant approval all through your app

Request a callback for more information on this product.

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This short-term credit facility allows you to complete your LOOP transactions even when you have insufficient funds in your account.

  • Pre-approved and advised limit based on activity and utilization of LOOP services
  • Repayable monthly
  • Fully automated and instant lending process
  • All applicable fees Facility, Credit Insurance and Excise duty shall be collected upfront on disbursement.

  • Complete your registration
  • Make LOOP your primary account, channel your business proceeds through LOOP, and transact for at least 3 months.
  • If you have a good credit history and we are happy with your transaction activity on LOOP, we will communicate to you your LOOP Overdraft limit. 

    1. On the Account page
    2. Click on the ‘Overdraft’ menu
    3. Accept the terms and conditions
    4. Click Activate Overdraft
    5. Select the amount you would like to activate
    6. Input your 4-digit PIN for authorization
    7. Overdraft offer letter will be sent to your either via email, SMS or In-app.
    8. Input the offer ref code and accept
    9. Input the authorization PIN

  1. On the Account page
  2. Click on the ‘Overdraft’ menu
  3. Your available limit will be displayed here.

  1. On the Account page
  2. Click on the ‘Overdraft’ menu
  3. The overdraft screen will appear
  4. You should be able to view utilized and available Overdraft

  1. On the Account page
  2. Click on the ‘Overdraft’ menu
  3. Click on Deactivate Service
  4. If you have an existing Overdraft, a pop notification will appear requesting to regularize your account. If you have sufficient funds in your wallet click yes. It will automatically pay the utilized overdraft amount and deactivate Overdraft.
  5. Input the authorization PIN, you will receive a notification confirming the Overdraft has been deactivated.

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