Do you have an upcoming event but don’t have enough funds to fund it to your expectations? Well, this is one of the worst experiences, especially when you don’t have someone to fund you the extra amount.
The good news is that you can prevent such future occurrences as long as you have a solid source of income. The secret is just simple: Being a Co-op Bank customer.
By being a customer at Co-op Bank Kenya, you unlock multiple benefits that will enable you to meet your financial situation with a brave face.
From agriculture loans and asset financing to affordable mortgages and personal loans, the lender has products for everyone.
For those looking for personal loans to make a major purchase, finance a wedding, or pay school fees, Co-op Bank has got you covered with a loan of up to Sh8 million with a flexible repayment period.
According to the lender, to be eligible for this loan, one needs to be employed or self-employed with a regular income.
If you cannot manage Sh. 1, 000 then you cannot manage Sh. 1 million
In addition, they should channel their monthly income to the bank and maintain an active salary account for a minimum of six months for non-check-off customers.
”Customers under schemes/ check can open accounts and fill change of PayPoint to Co-op bank and immediately access credit facilities,’’ Co-op states.
The Co-op bank personal loan allows customers to borrow between Sh50,000 and Sh8 million with a repayment period of up to 96 months.
The loan, which is available in Ksh and USD currencies, covers various purposes, including education, medical, furniture, consumer durables, motor vehicles, plot purchases, holidays, and shares.
The loan application process is simple, with the request processed within 48 hours, subject to employer confirmation.
When applying for the loan, borrowers are required to submit a filled-in loan application form, an original national identity card and a copy, salary pay slips for the last 3 months, and a copy of KRA PIN.
According to Co-op, no specific minimum net salary is required.