LOOP Loans and Overdraft in Kenya: Limits and Fees (2026)

LOOP offers four kinds of credit inside its app: a 30-day Quick Loan of KSh 2,000 to KSh 100,000, an Overdraft of up to KSh 100,000, a Term Loan of up to KSh 300,000 over up to 36 months, and LOOP FLEX for buying now and paying later. Everything below is from LOOP's own pages and its tariff guide, read on 25 October 2026.

LOOP credit products at a glance

Product	Amount	Repay within	Fees (tariff guide)
Quick Loan	KSh 2,000 to KSh 100,000	30 days	Facility fee 6% to 8%, risk based. Roll over fee 6% to 8%.
Overdraft	Up to KSh 100,000	30 days	Facility fee 2% of amount used. Interest risk based, base lending rate 15.9% a year.
Term Loan	Up to KSh 300,000	Up to 36 months	Facility fee 4%, insurance 0.7%. Interest risk based, base lending rate 15.9% a year.
LOOP FLEX	Your FLEX limit	Instalments you choose	Facility fee 4%, insurance 0.7%. Interest risk based, base lending rate 15.9% a year.

LOOP's tariff guide says fees and commissions attract VAT and excise duty where applicable. Read 25 October 2026.

Quick Loan

Open the LOOP app, go to Grow, tap 30-Day Loan and apply. LOOP says there is no paperwork. You borrow from KSh 2,000 to KSh 100,000 and repay within 30 days.

On a KSh 10,000 Quick Loan, a 6% to 8% facility fee is KSh 600 to KSh 800 before tax (our arithmetic on LOOP's published range). Rolling the loan over adds the same fee again, so clear it inside the 30 days if you can.

Overdraft

The LOOP Overdraft tops up your account when your balance runs short, up to a potential limit of KSh 100,000, and you repay within 30 days by depositing money into the account. The tariff guide lists a facility fee of 2% of the amount disbursed, so using KSh 10,000 costs KSh 200 in facility fee before tax, plus interest for the days it is out.

Term Loan

The personal LOOP Term Loan goes up to KSh 300,000, applied for in the app, with monthly repayments over up to 36 months. Fees from the tariff guide: a 4% facility fee and 0.7% insurance, both on the amount disbursed. On KSh 100,000 that is KSh 4,000 plus KSh 700 before tax, plus interest. LOOP says better loans come with more deposits and transactions on LOOP and a good credit history.

LOOP FLEX

LOOP FLEX is buy now, pay later at LOOP's partner merchants. You activate it in the app under Grow, then pay with your FLEX limit at a partner shop and repay in instalments you set. The tariff guide prices it like the Term Loan: 4% facility fee, 0.7% insurance and risk-based interest.

How to get a higher limit

Keep money in your LOOP account and add deposits regularly.
Make your payments through LOOP.
Repay on time and keep a good credit score and history.

To deposit from M-PESA, use the LOOP paybill on our LOOP paybill page, which shows the account format and the name you should see on the M-PESA screen.

Is LOOP cheaper than other mobile loans?

LOOP does not publish a single rate for every borrower, because pricing is risk based. Compare the total it shows you in the app with the published costs on the best loan apps list, and for larger amounts with average bank lending rates from CBK.

Frequently asked questions

How much can I borrow on LOOP?

It depends on the product. LOOP says a Quick Loan is KSh 2,000 to KSh 100,000, the Overdraft goes up to a potential limit of KSh 100,000, and a personal Term Loan goes up to KSh 300,000.

How long do I have to repay?

Quick Loans and the Overdraft are repaid within 30 days. Term Loans can be repaid monthly over up to 36 months. LOOP FLEX lets you set instalments for purchases at partner merchants.

What does a LOOP Quick Loan cost?

LOOP's tariff guide lists a risk-based facility fee of 6% to 8% of the loan, and the same 6% to 8% again if you roll the loan over. VAT and excise duty apply where applicable.

What interest does LOOP charge on the overdraft and term loans?

The tariff guide says interest is risk-based pricing on a base lending rate of 15.9% a year, plus a 2% facility fee on the overdraft, or a 4% facility fee and 0.7% insurance on term loans and LOOP FLEX.

How do I increase my LOOP limit?

LOOP says your limits grow when you use LOOP more: keep money in the account, make payments through LOOP, and keep a good credit score and history.

Sources

LOOP, Quick Loans, read 25 October 2026.
LOOP, Overdraft, read 25 October 2026.
LOOP, Loans, read 25 October 2026.
LOOP, FLEX, read 25 October 2026.
LOOP Tariff Guide (file named 9.2026), read 25 October 2026.