Co-op Asset Finance
Pros
- +Finance up to 90% of asset value
- +Wide range of assets covered (vehicles, machinery, equipment)
- +Flexible repayment terms up to 5 years
- +Competitive interest rates
Compare Co-op Asset Finance and KCB Boresha Biashara Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best business loans for you.
| Feature | Co-op Asset Finance Co-operative Bank of Kenya | KCB Boresha Biashara Loan Kenya Commercial Bank |
|---|---|---|
| Interest Rate | 13.5% - 16.5% p.a. Best Rate |
| Loan Amount Range | KES 500,000 - KES 50,000,000 | KES 50,000 - KES 5,000,000 |
| Repayment Period | 12 - 60 months | 6 - 48 months |
| Fees | Processing: 2% | Processing: 2.5% Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Co-op Asset Finance offers a more competitive interest rate starting at 13.5% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. Co-op Asset Finance from Co-operative Bank of Kenya may be better for Finance up to 90% of asset value, while KCB Boresha Biashara Loan from Kenya Commercial Bank excels at Tailored for small and medium businesses.
Co-op Asset Finance from Co-operative Bank of Kenya offers rates from 13.5% p.a. with loan amounts up to KES 50,000,000. KCB Boresha Biashara Loan from Kenya Commercial Bank offers rates from 13.5% p.a. with loan amounts up to KES 5,000,000. Compare features, fees, and eligibility requirements above.
Approval times vary: Co-op Asset Finance typically takes 24-48 hours, while KCB Boresha Biashara Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many business loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.