Co-operative Bank Personal Loan – review 2026

4,2 / 5

Co-operative Bank of Kenya provides personal loans to both Co-op Bank account holders and SACCO members affiliated with the bank. Rates start at 13% per annum and loan amounts reach up to KES 3,000,000. The bank has a strong presence in Kenya's cooperative sector and is regulated by the Central Bank of Kenya.

Pros

Interest rates from 13% per annum
Strong integration with affiliated SACCOs
Repayment terms up to 60 months
Extensive branch network across Kenya
Loan top-up facility available after 6 months

Cons

Borrowers outside the cooperative network may face higher rates
Processing times can extend beyond 48 hours for large amounts
Collateral may be required for amounts above KES 1,000,000
Limited digital application functionality
Early settlement penalties apply

Requirements

Kenyan national ID or passport
Proof of salary or business income
KRA PIN certificate
Active Co-op Bank or MCo-opCash account
Employer undertaking or salary check-off agreement

Company information

Name: The Co-operative Bank of Kenya Limited
Address: Co-op Bank House, Haile Selassie Avenue, P.O. Box 48231-00100, Nairobi, Kenya
Web: https://www.co-opbank.co.ke

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.