NCBA Loop 2024: Registration, New Loop App features, Paybill Number, and New Tariffs
Discover the new loop tariffs for different transactions with NCBA Loop. Deposits from mobile money are free, transactions between Loop users are charged based on the amount, and a detailed list of charges can be found on the app
In today's fast-paced world, digital banking is not just a convenience; it's a necessity. Enter NCBA Loop, a standout in the realm of digital banking services. Created by NCBA Bank, this app is more than just another banking tool. It's a game-changer in financial management, bringing an array of transactional services right to your fingertips. Whether you're on your mobile device or PC, NCBA Loop stands out for its ability to offer services like money transfers, loan applications, and more, with just a click. Imagine having complete financial control within your reach—NCBA Loop makes this a reality. Now, let's dive into how you can get started with this innovative app and its incredible features, and explore its new tariffs and Paybill number.
READ ALSO: Top 10 Logbook Loans in Kenya for Quick Cash Solutions: A Comprehensive Guide
Getting Started with NCBA Loop
1. Overview of NCBA Loop
NCBA Loop isn't just another banking app; it's a digital revolution. This innovative service from NCBA Bank integrates all transactional services seamlessly into your mobile device or PC. From the ease of money transfers to the convenience of applying for loans, NCBA Loop is designed to bring financial control directly into your hands. Its unique proposition lies in its user-centric design, offering an unparalleled banking experience.
2. Fast and Simple Registration
Embarking on your NCBA Loop journey is a breeze. Whether you're using an Android or iOS device, the NCBA Loop app is just a download away. The registration process is designed for efficiency and ease, taking no more than five minutes. Just visit the App Store or Google Play, download the NCBA Loop app, and follow the straightforward steps to register. This quick process ensures that you have instant access to a world of digital banking possibilities.
3. Features of the NCBA Loop App
NCBA Loop comes packed with features that redefine digital banking:
- Link Bank Accounts: Safely link your bank accounts to make payments effortlessly from your primary account. This feature is designed to safeguard your financial information against unauthorized access.
- Link Cards on Loop: Easily and securely manage your money by linking credit or debit cards to your Loop account. This feature simplifies money transfers and payments between accounts.
- Manage LOOP Points: Earn points through various actions and redeem them for exciting rewards and offers. It’s a unique way to reward customer loyalty and engagement.
- Investment and Savings: Invest in your future and opt into a savings plan directly through the app.
- Loans and Overdraft Facility: Access loans and an overdraft facility, offering financial solutions when you need them.
4. Accessing the NCBA Loop
To access the new NCBA Loop, existing customers will receive a notification with a link to the updated app on both iOS and Android platforms. The setup process is straightforward. Log in using your normal Loop credentials and reset your password as prompted. It's important to transition from the old NCBA Loop app to the new one to continue enjoying these seamless services.
Utilizing NCBA Loop - Paybill Number and Tariffs
1. Utilizing Paybill Number
Using the NCBA Loop Paybill number is straightforward. To deposit money into your NCBA Loop wallet, simply use the Paybill number 714777 via M-PESA. This same Paybill number is also your go-to for repaying any loans you have with NCBA Loop. Just use 714777 and your Loop account number as the account number. This integration offers a hassle-free way to manage your finances effectively.
2. Understanding New Loop Tariffs
NCBA Loop has recently revised its tariffs, in response to customer feedback. Here's a breakdown of these new charges:
Deposits from Mobile Money:
Depositing into your Loop account using Paybill number 714777 is now free.
Loop to Mobile Money Pay Bills
The charges for transactions from Loop to mobile money Pay Bills vary depending on the amount. For instance, transactions between 50 and 100 KES are free, while those between 101 and 500 KES attract a fee of 3 KES. A detailed list of these charges can be found on the NCBA Loop app.
| Amount | Fee in KES |
| 50-100 | 0 |
| 101-500 | 3 |
| 501-1000 | 9 |
| 1001-1500 | 12 |
| 1501-2500 | 18 |
| 2501-3500 | 24 |
| 3501-5000 | 33 |
| 5001-7500 | 39 |
| 7501-15000 | 45 |
| 15001-35000 | 60 |
| 35001-45000 | 96 |
Loop to Mobile Money Transfers
Transfers from Loop to mobile money accounts also incur varied charges based on the transaction amount. For example, transactions between 50 and 100 KES are free, while those between 101 and 500 KES cost 6 KES. Further information can be found on the app.
| Amount | Fee in KES |
| 50-100 | 0 |
| 101-500 | 6 |
| 501-1000 | 12 |
| 1001-1500 | 18 |
| 1501-2500 | 30 |
| 2501-3500 | 36 |
| Above 3501 | 48 |
Loop to Loop Transfers
| Amount | Fee in KES |
| 50-500 | 0 |
| 501-1000 | 6 |
| 1001-5000 | 12 |
| Above 5001 | 36 |
Loop to Loop transactions, where the sender and receiver are NCBA Loop users, have their charges. Transactions from 50 to 500 KES are free. Transactions from 501 to 1000 KES attract a charge of 6 KES, while those from 1001 to 5000 KES cost 12 KES.
Advantages of Using NCBA Loop
NCBA Loop offers several advantages that set it apart:
- Personal Loans and Overdrafts: Users can access personal loans of up to Kshs. 3 Million and overdrafts up to Kshs. 100,000, streamlining the borrowing process.
- Efficient Budgeting: The app assists in setting monthly budgets, monitoring expenses, and analyzing financial behaviour, helping users take control of their finances.
- Convenient Payments: Make bill payments or merchant payments easily through various methods, including Till, Pay Bill, or your Loop Card.
FAQs
How to Download and Activate the NCBA Loop App?
To get started with NCBA Loop, download the app from the Google Play Store or App Store. Search for "NCBA loop" and click Install. Register an account and create a login PIN for activation. You can also access NCBA Loop services via the USSD code: *654#.
What are the Key Features of the NCBA Loop App?
NCBA Loop offers features like fingerprint-enabled security for safe login, and personal loans up to Kshs. 3 Million, efficient budgeting tools, convenient payment options, and investment opportunities through Loop Invest.
How to Use the NCBA Loop Paybill Number?
To deposit money or repay loans, use the NCBA Loop Paybill number 714777 via MPESA. Enter your Loop account numbers as the account numbers for transactions.
What are the New Tariffs for Transactions on NCBA Loop?
The tariffs for transactions vary:
- Deposits from Mobile Money: Free using Paybill number 714777.
- Loop to Mobile Money Tills: Free.
- Loop to Mobile Money Pay Bills: Charges vary based on the amount, e.g., 50-100 KES (free), 101-500 KES (3 KES).
- Loop to Mobile Money Transfers and Loop to Loop Transfers have varied charges.
READ ALSO: Harambee Sacco Services, Registration, loans, Portal and Member Benefits
Conclusion
NCBA Loop is more than just a banking app; it's a symbol of digital convenience and innovation. With its array of features and user-friendly interface, NCBA Loop transforms the way you handle finances, from budgeting and investing to making payments and applying for loans. Embrace the digital age with NCBA Loop, where managing your finances is simplified, secure, and just a click away. Welcome to the future of banking, where financial control truly lies in your hands.
