NCBA's fitench arm LOOP has launched a new device financing offering in partnership with global insurtech firm bolttech, designed to make it easier and more affordable for customers to own high-quality devices.

The offering ties up LOOP FLEX, a flexible Buy Now, Pay Later (BNPL) financing plan with up to 12-month instalments, with bolttech, giving potential customers a comprehensive built-in device protection seamlessly integrated into the LOOP customer experience. 

Coverage includes theft, accidental and liquid damage, mechanical breakdowns, and certified repairs, with servicing handled exclusively at authorized centers using genuine parts.

New product comes at a time when LOOP has kicked off the LOOP Shopping Festival, a festive-season campaign offering customers unmatched value, exceptional savings through cashbacks of up to 20 per cent, and delightful shopping experiences throughout the festive period and into February.

LOOP customers will be able to enjoy cashback from select mobile mobile device partners, in addition to multiple cashback benefits from over 30 other partner merchants such as Shell, Hotpoint, Quickmart, OPPO, Bata, Galitos, ArtCaffé, Lintons, Samsung, Tecno, Vivo, Pizza Inn, AutoExpress, and many more. From electronics and fashion to fuel, beauty, food, groceries, and devices.

“Our new device financing solution is a timely offering as we continue to innovate around our customers’ lifestyle needs. We are making it easier for them to own premium devices while protecting value and transforming how technology is experienced. It’s also another step in delivering accessible, digitally driven financial solutions that empower our customers to live and work with confidence," said Eric Muriuki, CEO LOOP DFS.

As part of the LOOP Shopping festival, LOOP will also host on-ground mall activations to give customers immersive and interactive experience. 

Some of the activations lined up include The Nord Mall in Ruiru, TRM (Thika Road Mall) and Sarit Centre. The activations will feature vendor showcases, product trials, exciting giveaways, and live engagements designed to bring the festive energy directly to LOOP customers.