What are the requirements for Co-op Bank Personal Loan?

To qualify for Co-op Bank Personal Loan from Co-operative Bank of Kenya, you typically need: National ID or Passport, KRA PIN Certificate, Latest 3 months payslips. Minimum income requirement is KES 25,000 per month. Age requirement: 21-65 years.

How long does Co-op Bank Personal Loan approval take?

Co-op Bank Personal Loan from Co-operative Bank of Kenya typically takes 2-3 business days for approval. Digital applications may be processed faster than in-branch applications.

What is the interest rate for Co-op Bank Personal Loan?

Co-op Bank Personal Loan offers 13.5% - 15.5% p.a.. Actual rates may vary based on your credit profile, income, and relationship with Co-operative Bank of Kenya.

Is Co-op Bank Personal Loan available in my area?

Co-op Bank Personal Loan is available in nairobi, mombasa, kisumu, nakuru, eldoret, thika, meru, nyeri, all-kenya. You can apply online or visit any Co-operative Bank of Kenya branch.

What are the fees for Co-op Bank Personal Loan?

Co-op Bank Personal Loan charges 2% processing fee. Always confirm current fees with Co-operative Bank of Kenya before applying.

Personal Loan

Co-op Bank Personal Loan

Co-operative Bank of Kenya

Last updated: October 29, 2025

Reviewed byPesaMarket Research Team

|Last verified: Oct 29, 2025

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Interest Rate

13.5% - 15.5% p.a.

Loan Amount

Ksh 50,000 - Ksh 5,000,000

Approval Time

2-3 business days

Processing Fee

2%%

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Pros & Cons

Pros

Competitive interest rates starting at 13.5%
No collateral required up to KES 1M
Quick 48-hour approval
Flexible repayment up to 5 years
Cooperative member benefits and discounts
Large loan amounts up to KES 5M
170+ branches for easy access
Free credit life insurance included
Strong customer service reputation

Cons

2% processing fee
CRB clearance required
6-month minimum account relationship preferred
Higher minimum loan amount (KES 50,000)

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.

Best For

Sacco members seeking affordable financing
Cooperative society members with established relationships
Agricultural sector workers with seasonal income patterns
Public sector employees with check-off facilities
Borrowers seeking larger amounts (KES 1M+) at competitive rates

Common Rejection Reasons

Non-members applying without cooperative backing
Seasonal income without clear repayment capacity
Multiple existing loan obligations
Sacco not in good standing with Co-op Bank
Insufficient account activity history

How It Compares

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.