By 
LOOP Launches 30-Day Loan for Fast and Flexible Digital Credit
LOOP https://loop.co.ke/ has introduced a 30-day short-term loan to support customers with urgent financial needs. The facility offers quick, flexible, and affordable access to digital credit.
The LOOP Quick 30-Day Loan is available to registered users with an assigned credit limit and no overdue loans. Customers can borrow between KES 2,000 and KES 100,000. Once approved, the money is instantly sent to the customer’s LOOP wallet.
Importantly, borrowers can top up their loan within the first 20 days, provided they stay within their limit. LOOP charges a 7% facility fee upfront.
If the loan is not repaid within 30 days, an additional 7% rollover fee is applied on the unpaid principal from day 31. A 20% excise duty applies to both fees.
According to LOOP DFS CEO Eric Muriuki, the loan was designed with modern users in mind. He explained that the product helps customers manage short-term cash gaps through a simple and seamless digital process.
“People sometimes just need a financial boost,” he said. “This loan gives them that option—quickly, affordably, and directly on their phones.”
Additionally, the LOOP Quick Loan aligns with the company’s broader goal of building a strong digital ecosystem. The platform supports lifestyle and financial wellness through inclusion, innovation, and convenience.
To apply, users should log in to the LOOP app, check their credit limit, and accept the loan terms. The process is fast, transparent, and requires no paperwork.
In conclusion, LOOP continues to create digital tools that reflect the needs of today’s users. The Quick Loan is another step toward financial empowerment through technology.
https://africabusinessnews.co.ke/your-next-loan-could-be-one-click-away-ncba/
Comments