Ni Ka Slip tu

With just a pay-slip you can get up to Kes.9M unsecured personal loans for a maximum term of 120 months

Getting financing with a Co-op salary account is just a pay slip away – invest using ready benefits like loans, investment opportunities and Insurance.

The Co-op Salary account is ideal because of the three in one solution for finances: a salary account; a personal loan and Mobile Loans. 

Note: Personal accident insurance cover is also available for the newly recruited employees in government parastatals.

Details of the products:

Personal Loan:

Features:

  • Minimum loan amount of Ksh 50,000
  • Maximum loan amount of Ksh 9,000,000
  • Maximum term of up to 120 months
  • Purposes to be covered include education,  medical, furniture, consumer durables, motor vehicles, plot purchase, holidays and shares
  • Applications to be appraised using credit scoring
  • Applications appraised within 48 hours

Requirements:

  • Employed individuals or individuals with a regular income including monthly pension
  • Original National Identity Card and a cop
  • No specific minimum net salary is required
  • Salary pay slips for the last 3 months
    Filled in loan application form
    Copy of KRA PIN 

Pesa iko MCo-opCash:

Are you already using Coop bank mobile banking. Get a short-term loan to see you through to your next pay day!

Features:

  • Borrow from Kes 1,000 to Kes 500,000
  • Loan repayment is between 1-3 months
  • Receive your salary through Co-op Bank account
  • Apply through dialing *667#

Requirements:

  • Open a salary account with us
  • Copy of KRA PIN
  • Register on Mobile banking (MCo-opCash) to access this service.

The Salary account as follows:

Features:

  • Minimum opening balance – Nil
  • Minimum operating balance – Nil
  • No Monthly Maintenance fee
  • Salary processing fee applicable
  • Access to Asset products such as Unsecured Personal Loan, Asset Finance, Mortgage and Cash Advance.
  • Debit card
  • Access to a credit card

Requirements:

  • Identity card/ Passport- original and copy
  • Passport Photo (To be taken at the branch)
  • Ksh600 for the Debit Card (inclusive of Excise Duty of 20%)
  • Copy of KRA PIN
  • A letter of introduction from the employer is not required

The target consumers for the Savings and Salary Accounts are as follows:

  • Teachers Service Commission
  • Government workers
  • National Police Service
  • Medical officers
  • Kenya Defense officers
  • Prison wardens
  • And all other salaried customers and pensioners.

For more information,

Call: 020-2776000, 0703027000,

WhatsApp: +254736690101,

Email: customerservice@co-opbank.co.ke


Terms & conditions