Co-operative Bank of Kenya
Compare all 16 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
2Fixed Deposits
1| Product | Rate | |
|---|---|---|
Co-op Bank Fixed Deposit Account | 6.5% - 8.75% | Apply |
Co-operative Bank of Kenya Pros & Cons
+Pros
- ✓Wide branch network
- ✓50-day interest-free period
- ✓Large loan amounts up to KES 50M
- ✓Up to 90% asset financing
- ✓Competitive rates (13.5-16.5%)
- ✓No early repayment penalties
-Cons
- ✗Requires 24 months business operation
- ✗Extensive documentation needed
- ✗Audited financials required
- ✗Higher interest rates (4-9% monthly)
- ✗Lower maximum amount (KES 500,000)
- ✗Requires M-Pesa account
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. Standard rates of 13-16% p.a. are competitive, but the real advantage comes from cooperative partnerships that can offer additional rate discounts. 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 16.5% across their 16 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 50 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 16 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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Compare Co-operative Bank of Kenya With
Best For
- ✓SACCO members
- ✓Emergency cash needs
- ✓Short-term financing
- ✓Small business working capital
- ✓Unexpected expenses
- ✓Quick bill payments
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