Stock Finance

Get a loan of up to Kes 10m in *2hrs to buy stock for your business with Co -operative Banks Stock financing.

For traders who need a loan to buy stock for their business e.g. hardware, building and construction, agrochemicals, food and beverages, accessories, pharmaceuticals, fuel, LPG and lubricants.

Limit for loans :  Borrow up to 100% of the amounts on the proforma invoice/quotation.

Tenure: Maximum tenor 1 year.

Security:

Non Customers, must provide security e.g. land, chattels, cash and motor vehicle and can be partially secured with AGF (African Guarantee Fund) which has 50-75% coverage.

Customers: Unsecured limits can be given to customers of the following packages Gold, Silver and Bronze. These customers can get stock finance without giving security up to the following amounts:

  1. Gold Acc – up to Kes. 10 million
  2. Silver Acc – Up to Kes. 6 million
  3. Bronze Acc – Up to Kes. 600,000.00
     

Requirements:

Existing Co-op Bank Customers

  • Should have banked with Co-operative bank for a period of 6 months consecutively
  • Should have been in business for at least 3 yrs

New Customers

  • After approval of finance , they must open account at cooperative bank
  • Present Bank statements from their current bankers.
  • To have been in business for at least 3 yrs
  • Must take up one of the banks collections solutions either Co-op Till Lipa na Mpesa or MCollection .
  • Must provide security such as land, chattels, cash and motor vehicle and can be partially secured with AGF (African Guarantee Fund) which has 50-75% coverage

For more information,
Call: 020-2776000, 0703027000,
WhatsApp: +254736690101,
Email: customerservice@co-opbank.co.ke