Cooperative Bank Kenya is among the top banks and also one of the banks that give loans to individuals, referred to as co-op personal loan.
To apply for a loan you are required to follow the following procedure:
It is a personal loan product targeted at salaried individuals.
You need to have an account with Co-operative bank
ACCOUNT OPENING REQUIREMENTS
Identity Card – original and copy
Pin Card – Original and Copy
No specific minimum net salary is required.
Salary pay slips for the last 3 months
Completion of the loan application form.
FEATURES OF THE LOAN
Minimum amount Kshs.50,000
Maximum amount Kshs.4,000,000
Maximum term 72 months
Purposes to be covered: Education, Medical, Furniture & Consumer durables, Motor Vehicles, Plot Purchase, Holiday and Shares.
Applications to be appraised using credit scoring.
Applications appraised within 48 hours.
Employed Individuals or Individuals with regular income
That is all you need in order to have the loan processed.