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
Easy Apply
Ksh50k - 4M
6 months - 6 years
Interest Rate
13% annualised
Total Cost Including Institution's Other Fees
16% annualised, year one
Requires at least 6 months active account history
visit website
Easy Apply

Loan Type

Unsecured Loans

* 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%

Total Cost Breakdown (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

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 13%
  • Processing Fee: ksh3000
  • Excise Duty: ksh600
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9416.67
  • Estimated Total repayment amount: ksh113,000

This product is provided by the Co-operative Bank of Kenya. Co-operative Bank of Kenya is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya.

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)

See more Personal Loans available in Kenya on Money254

From short-term app loans to long-term bank loans, we have aggregated all of the unsecured Personal Loans from Kenya's top financial institutions.

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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


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