Equity Personal Loan
Pros
- +Quick approval within 48 hours
- +Flexible repayment up to 5 years
- +No collateral for loans up to KES 500k
- +Competitive interest rates
Equity Bank vs Co-op Bank - Complete Bank Comparison 2025
Compare Equity Bank and Co-op Bank side-by-side. Interest rates, fees, branch network, digital services, and customer reviews. Find out which bank is right for you.
At a Glance
Best Rate
Equity Bank Kenya
Lowest Fees
Co-operative Bank of Kenya
Fastest Approval
Equity Bank Kenya
Overall Winner
Equity Bank Kenya
| Feature | Equity Personal Loan Equity Bank Kenya | Co-op Bank Personal Loan Co-operative Bank of Kenya |
|---|---|---|
| Interest Rate | 13% - 16% p.a. | 13.5% - 15.5% p.a. |
| Loan Amount Range | KES 50,000 - KES 5,000,000 | KES 50,000 - KES 5,000,000 |
| Repayment Period | 6 - 60 months | 12 - 60 months |
| Fees | Processing: 2% | Processing: 2%% |
| Key Features |
|
|
| View Details & Apply | View Details & Apply |
Co-op Bank Personal Loan
Pros
- +Up to KES 5 million loan amount
- +Flexible repayment up to 5 years
- +Competitive interest rates from 13.5%
- +No collateral required for amounts up to KES 1 million
Frequently Asked Questions
Which is better: Equity Bank or Co-op Bank?
Both Equity Bank and Co-op Bank are reputable CBK-licensed banks in Kenya. Equity Bank has 190 branches while Co-op Bank has 170 branches. Equity Bank was established in 1984 and Co-op Bank in 1968. The best choice depends on your specific needs, location, and the type of financial product you're looking for.
What are the main differences between Equity Bank and Co-op Bank?
Equity Bank is headquartered in Nairobi and offers 190+ branches nationwide, Strong digital banking. Co-op Bank is headquartered in Nairobi and is known for 170+ branches nationwide, Strong cooperative banking heritage. They differ in their product offerings, interest rates, fees, and branch networks.
Which bank has better interest rates: Equity Bank or Co-op Bank?
Interest rates vary by product type. For personal loans, rates typically range from 13-18% p.a. at both banks. Equity Bank may offer lower rates for salary-backed loans, while Co-op Bank might have better rates for secured loans. Always compare specific products on PesaMarket for current rates.
Can I have accounts at both Equity Bank and Co-op Bank?
Yes, you can have accounts at both Equity Bank and Co-op Bank. Many Kenyans maintain multiple bank accounts to take advantage of different products and services. Both banks offer mobile banking integration with M-Pesa for easy transfers.
Which bank has better mobile banking: Equity Bank or Co-op Bank?
Both banks have robust mobile banking apps. Equity Bank offers Equity Mobile with M-Pesa integration, while Co-op Bank provides MCo-op Cash App services. Check app store ratings and features that matter most to you.
Ready to Apply?
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.