Business Loan
Co-op Asset Finance
Co-operative Bank of Kenya
Last updated: January 14, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
13.5% - 16.5% p.a.
Loan Amount
Ksh 500,000 - Ksh 50,000,000
Approval Time
5-10 working days
Processing Fee
2%
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Pros & Cons
Pros
- Large loan amounts up to KES 50M
- Up to 90% asset financing
- Competitive rates (13.5-16.5%)
- No early repayment penalties
- Balloon payment option
- Quick approval process
Cons
- Requires 24 months business operation
- Extensive documentation needed
- Asset insurance mandatory
- Credit score check required
- Audited financials required
Customer Reviews
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Product Details
Features
- 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
- Quick approval (5-7 days)
- Balloon payment option available
- Asset remains collateral until fully paid
- Trade-in options for vehicle upgrades
- No early repayment penalties
- Dedicated relationship manager
Eligibility Requirements
Age: 25 - 70 years
0Employment: Business owner, Company
Required Documents
- Copy of ID/Passport for directors
- KRA PIN Certificate (business and personal)
- Certificate of incorporation or business registration
- Last 12 months bank statements
- Audited financial statements (last 2 years)
- Business plan with projections
- Proforma invoice for asset
- Tax compliance certificate
- Board resolution (for limited companies)
Repayment Options
Standing orderDirect debitM-Pesa PaybillBranch paymentCorporate internet banking
Ready to Apply?
Get started with Co-op Asset Finance today. Fast approval and competitive rates.
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