How to Get a loan from CBA Loop
About CBA Loop
Commercial Bank of Africa Ltd (CBA) is the largest privately owned bank in East Africa and has been operating for over 50 years. CBA was founded in Tanzania and branches were set up in Kenya and Uganda shortly thereafter.
CBA began as a subsidiary of Societe Financiere pour les pays D’Outre Mer (SFOM), a Swiss-based consortium bank. Other consortium members included Bank of America, Dresdnen Bank (now Commerzbank), Bank Bruxelles Lambert and Banque National de Paris.
In 1980, Bank of America bought out all of SFOM’s partners and restructured CBA to mirror their own systems and disciplines before selling its majority shares to local investors.
CBA has since developed a reputation as the go-to provider for large corporations, institutions, diplomatic missions, NGOs and high net-worth private clients.
As a world-class financial services provider, CBA offers clients a vast range of products and services that are both tailored to local needs and inspired by global innovation.
How to Get a loan from CBA Loop
Register
To register for a CBA Loop account, you need to download the Android app,iOS app or go to their website cbaloop.com
Create 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.
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 up to Ksh. 100,000. Loan repayment period is between 6-36 months. Interest rates will vary depending on the customer.
Do you have any news or article you would like us to publish? Kindly reach us via outreach@t4d.co.ke or howtodoafrica@gmail.com.
