NCBA unveils digital personal loan to empower retail customers in Kenya

NCBA Bank has launched the NCBA Digital Personal Loan, a new financing product designed to meet the diverse needs of its retail customers.

Accessible through the NCBA NOW app or the bank’s USSD code *488#, the loan is part of NCBA’s “Lending for All” initiative, aimed at delivering innovative digital lending solutions throughout the year.

The NCBA Digital Personal Loan offers flexible financing, with loan amounts ranging from Ksh. 1,000 to Ksh. 1,000,000. Customers can apply via the NCBA NOW app, available on Google Play and iOS, using the “Now Loans” feature, or by dialing *488#.

The loan caters to a wide range of financial needs, with repayment periods of 3 months for loans below Ksh. 50,000 and up to 12 months for larger amounts, allowing borrowers to tailor repayments to their financial circumstances.

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NCBA Group Director of Retail Banking, Mr. Dennis Njau, emphasized the bank’s commitment to innovation, stating, “Our latest Digital Personal Loan reinforces NCBA’s dedication to leveraging technology to provide financial solutions that empower our customers to achieve their goals. Through the NCBA NOW app, we’re offering convenient and secure access to flexible financing, enhancing the banking experience.”

To qualify, customers must have an active NCBA personal account for at least six months. All loans include credit life insurance through NCBA Bancassurance, ensuring financial protection for borrowers and their families.