Co-operative Bank of Kenya
Compare all 15 products from Co-operative Bank of Kenya in Kenya. Rates from 0%. Borrow up to Ksh 50,000,000.
Credit Cards
3Business Loans
2Fast Loans
1| Product | Rate | |
|---|---|---|
MCo-op Cash Mobile Loan | Salary loan: one-off appraisal fee 8% (1mo), 10% (2mo), 12% (3mo) + 20% excise + insurance | Apply |
Co-operative Bank of Kenya Pros & Cons
+Pros
- ✓Wide branch network
- ✓No early repayment penalties
- ✓Balloon payment option
- ✓MCo-op Cash convenience
- ✓Cooperative member benefits and discounts
- ✓Free credit life insurance included
-Cons
- ✗Extensive documentation needed
- ✗Audited financials required
- ✗CRB clearance required
- ✗No travel insurance included
- ✗Asset insurance mandatory
- ✗Credit score check required
Eligibility Requirements
- ●National ID or Passport
- ●KRA PIN Certificate
- ●Latest 3 months payslips
- ●Bank statements (6 months)
- ●Employment contract
- ●CRB report clearance
- ●Latest 3 payslips
- ●Employment letter
- ●Utility bill (proof of residence)
- ●Copy of ID/Passport
Expert Analysis
Co-operative Bank's Personal Loan caters particularly well to the cooperative society and Sacco member segment. If you're a member of a registered cooperative or Sacco with a relationship with Co-op Bank, you'll likely receive preferential rates and faster approvals. The bank's MCo-op Cash integration allows for instant loan applications via mobile. Processing typically takes 2-5 days, longer than digital alternatives but with significantly higher loan limits.
Co-op Bank excels for cooperative members but is less competitive for general applicants. Against KCB and Equity, Co-op wins on cooperative partnerships but may be slower for non-affiliated borrowers. The MCo-op Cash platform provides good digital access.
Frequently Asked Questions
What interest rates does Co-operative Bank of Kenya offer?
Co-operative Bank of Kenya offers interest rates ranging from 0% to 117% across their 15 products. The exact rate depends on the product type, loan amount, and your credit profile.
What loan amounts are available from Co-operative Bank of Kenya?
Co-operative Bank of Kenya offers loan amounts from Ksh 1,000 up to Ksh 50,000,000 depending on the product and your eligibility.
How fast does Co-operative Bank of Kenya disburse loans?
The fastest disbursement time from Co-operative Bank of Kenya is Instant. Actual processing time varies by product type and application completeness.
Does Co-operative Bank of Kenya require CRB clearance?
Yes, Co-operative Bank of Kenya requires CRB clearance for some or all of their products. A clean credit history improves your chances of approval and may qualify you for better rates.
How many products does Co-operative Bank of Kenya offer on PesaMarket?
Co-operative Bank of Kenya currently has 15 products listed on PesaMarket across 12 categories: Asset Finance, Business Loans, Credit Cards, Current Accounts, Education Loans, Fast Loans, Fixed Deposits, Money Market Funds, Mortgages, Payroll Loans, Personal Loans, Savings Accounts.
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Best For
- ✓SACCO members
- ✓Cooperative society members
- ✓Salaried employees needing larger amounts
- ✓Borrowers seeking competitive rates
- ✓Those with good credit history
- ✓Customers wanting longer repayment terms
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