NCBA Bank Kenya customers with loan arrears will have repayments recovered from separate accounts other than the designated primary repayment account if the latter holds a deficient balance on the due date after the lender unveiled a new inter-linking feature.
The auto sweep feature, which does not require any action from the account holder, signals a drive by the bank to curb defaults and late payments in the event where borrowers lack sufficient funds for automatic deduction in their repayment accounts.
