Co-operative Bank of Kenya Personal Unsecured Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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Co-operative Bank of Kenya Limited

Personal Unsecured Loan
Total Cost
annualised, year one
Typically approved within
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* Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be 13.0%

Loan Fees:

  • Interest Minimum: 13%
  • Interest Maximum: 13%
  • Processing fee: 3%
  • Insurance Fee: 0.004
  • Withdrawal Fee: None
  • Late Fees: None
  • Other Fees: 20% Excise Duty on Processing fee

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Paperwork
  • Disbursement Method: Bank Account

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Auto-deduction/Check-off

Eligibility Requirement:

  • Smartphone: Not required
  • CRB: Must be in good standing
  • Income: No minimum
  • Employment: Required
  • Network: Not Required
  • History: Active Account for 6 Months


  • 3 latest and original pay-slips,
  • KRA Pin,
  • National ID,  
  • Application form filled and signed by borrower and employer
  • T&C Links

How to Apply

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  • Fast disbursement
  • Insurance cover against death and permanent disability ( deducted from loan amount)
  • Long loan tenure (up to 6 years)


  • Formal Employment required
  • Loan limit subject to debt ratio
  • Disbursed amount lower than requested amount (negotiation fees & insurance  fees deducted upfront)

Use Money254's free search to view the best Personal Loans available in Kenya today

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How to Apply Cooperative Bank Unsecured Personal Loan,  Repayment, Fees & Contacts

The Cooperative Bank unsecured personal loan is tailored to the salaried person whether employed or not employed but with a regular income who is looking to get funding for making a major purchase, financing a wedding or paying school fees.

Who is eligible for Cooperative Bank Unsecured Personal Loan?

Loan Limits and Interest Rates

How to Apply for Your First Cooperative Bank Unsecured Personal Loan

How to Make Cooperative Bank Unsecured Personal Loan Repayments


Learn more about Personal Loans available in Kenya on Money254

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