ABSA Personal Loan
Pros
- +Loan amounts up to KES 10 million
- +Flexible repayment up to 6 years
- +Competitive interest rates from 14%
- +Quick approval within 48 hours
Compare ABSA Personal Loan and Co-op Bank Personal Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best personal loans for you.
| Feature | ABSA Personal Loan ABSA Bank Kenya | Co-op Bank Personal Loan Co-operative Bank of Kenya |
|---|---|---|
| Interest Rate | 14% - 16.5% p.a. | 13.5% - 15.5% p.a. Best Rate |
| Loan Amount Range | KES 50,000 - KES 10,000,000 | KES 50,000 - KES 5,000,000 |
| Repayment Period | 12 - 72 months | 12 - 60 months |
| Fees | Processing: 2.5%% | Processing: 2%% Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Co-op Bank Personal Loan offers a more competitive interest rate starting at 13.5% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. ABSA Personal Loan from ABSA Bank Kenya may be better for Loan amounts up to KES 10 million, while Co-op Bank Personal Loan from Co-operative Bank of Kenya excels at Up to KES 5 million loan amount.
ABSA Personal Loan from ABSA Bank Kenya offers rates from 14% p.a. with loan amounts up to KES 10,000,000. Co-op Bank Personal Loan from Co-operative Bank of Kenya offers rates from 13.5% p.a. with loan amounts up to KES 5,000,000. Compare features, fees, and eligibility requirements above.
Approval times vary: ABSA Personal Loan typically takes 24-48 hours, while Co-op Bank Personal Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many personal loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.