Co-op Diaspora Banking Lets You Invest Back Home Without Travelling

By Korir Isaac / June 20, 2019




Are you abroad and looking to invest or settle in Kenya without the need to travel back home? Co-op Diaspora Banking is the most convenient solution you could ever have.

Co-op Diaspora Banking is specially designed to fulfill the needs of Kenyans in Diaspora who want safe, flexible and convenient banking back home in Kenya.

It allows those in the diaspora the same banking opportunities that they would have access to in Kenya with a special focus on Investments.

With the diaspora community being a major enabler of economic growth in the country, Co-op Bank offers you the chance to seize the opportunity of getting an unbeatable value proposition to help you maintain connections with Kenya.

SEE ALSO: Co-op Bank Unites Co-operatives to Discuss Technology and Innovation for Growth

It doesn’t matter whether you want to invest or build a home, all you need is Co-op Diaspora Banking and you are sorted. It negates the need to travel back home. In fact, the bank offers custodial services that will help you manage your investments!

Co-op Diaspora Banking has several types of accounts that will help you facilitate easy and convenient banking. Moreover, you can also get a loan and build your dream home!

Mortgage Loan

If you are tired of living abroad, you want to settle back home or simply want to build a home for your mama back in Kenya, you can always get the Co-op Diaspora Mortgage loan.

The mortgage loan is available at competitive rates and the best part is you can use the loan for the following:

  • Buy a Residential or commercial property
  • Buy a plot/land
  • Joint Mortgage
  • Mortgage Top Up
  • Mortgage Takeover from Other Financial Institutions
  • Equity Release

The requirements include:

  • A full copy of Kenyan Passport/Kenya national Identity card
  • Copy of Kenyan PIN certificate
  • A valid copy of Residence / Work Permit
  • Copy of recent Utility bill (gas, power).
  • Letter from Employer stating employment terms
  • Fill in and sign loan application forms
  • 3 months latest Payslips
  • 6 months latest certified salary bank statements
  • Draft sale agreement or offer letter
  • Copy of title for the property
  • Evidence of down payment/deposit
  • Registered specific Power of attorney (Optional)

The interest rates are offered in shillings, US dollars, Euros, and pounds.

READ: Easily Acquire Your Dream Property with Co-op Bank Asset Financing

Investment Opportunities

Apart from securing a mortgage loan, you can also invest in trade shares and bonds through Co-op Bank Diaspora Kingdom Securities Ltd, which will assist you in:

  • Share transfers
  • Immobilization
  • Transmissions

Similarly, you can opt to enjoy a risk-free investment by investing in Treasury Bills through Kingdom Securities.

The treasury bills are issued in maturities of 91, 182 and 364 days. The bills are sold at a discounted price to reflect investor’s return and redeemed at face value.

There is so much you can do with Co-op Bank Diaspora Banking. Everything is found on their official website. Check it out today!



About Korir Isaac

A creative, tenacious, and passionate journalist with impeccable ethics and a nose for anticipated and spontaneous news. He may not say it, but he sure can make one hell of a story.

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