How To Apply For A Personal Loan From Co-op Bank Kenya

We all have dreams to accomplish big things in life. We want to invest. We want to construct a home for our families. We want to buy a car. We want to take care of our parents. But one thing always stands in the way and hinders our plans; inadequate funds.

The first thing one thinks about when faced with inadequate funds but with a will to accomplish big things is to get a loan. The first place to stop for a loan would be on a mobile loan app. But that might not be enough to take of your financial needs.

Read More: How To Transfer Money From Mpesa To Co-op Bank Account And Vice Versa

The second stop in the hunt for a loan would be in a commercial bank. The choice of your bank plays a big role in whether you will get the financial assistance you need. Not every bank is healthy for your loan requests. Some will just frustrate you.

But there is the Co-operative Bank of Kenya through their Salary Account. Anyone with a Co-op Salary Account stands a chance to get an immediate loan, that takes 24 hours or less to be approved of up to 500,000 shillings with no paperwork needed.

Read More: How To Get A Salary Loan Of Up To Ksh 4 Million From Co-op Bank

First, visit any Co-op Bank branch across the country and open a Co-op Salary Account with them (if you do not have one). Then with your salary passing through the account, armed with an ID, and payslip you can borrow from Ksh 5000 to Ksh 500,000.

The amount is disbursed in less than 24 hours to enable you to carry out your projects without the trouble of waiting. When you open a Co-op Salary Account, you get the following benefits:

There are seven benefits that come with having a Co-op Bank Salary Account:

• Unsecured Personal Loans of up to KSh. 4m
• One-year salary advance of up to 4 times net monthly salary
• Mobile Loans of up to KSh 500,000
• Zero minimum operating balance
• Zero account maintenance charges
• Flexible salary processing fee
• Prompt salary processing

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