If you're set to make a major purchase a Cooperative Bank Personal Loan might be able to help fill in the cash gaps. For the most part, we all try to save away money for those big purchases. But sometimes life gives us a surprise and we need some help.
Whatever the case may be, applying for a personal loan will give you a quick resource. This resource can help you out of a bind. And remember that getting a loan should help you, not hurt you in the long run. So never take out a loan on something that's not going to give you major returns.
The Cooperative Bank Personal Loan is a popular option for Kenyan citizens. Offering a simple, fast, and convenient borrowing solution, you can get past your financial hump fast. If you want to learn more about the Cooperative Bank Personal Loan, we've got the details up next.
What Are The Features Of The Cooperative Bank Loan?
Boasting of its simplicity that promises relative convenience to loan clients, the Cooperative Bank Personal Loan comes as one of the best bets in the Kenyan loan market.
Under this program, clients can avail between Ksh 50,000 to Ksh 4,000,000 loan money, which they can use in any way they like – from financing a major occasion, responding to an urgent purchase, funding personal schooling, too many more.
Unlike other loan deals, the Cooperative Bank Personal loan also comes with favorable repayment options that could last up to 72 months. In addition to that, the application for the program is pretty fast and simple, which takes only about 48 hours.
What Are The Cooperative Bank Personal Loan Fees?
Interest rate – 5% per annum
Minimum loan amount – Ksh 50,000
Maximum loan amount – Ksh 4,000,000
How To Apply For The Loan?
To be eligible, applicants must be employed or have a regular income. Since applications are also evaluated based upon credit score, you should have a good to great credit history to secure the loan.
If you meet all these requirements, you can check out their site for details. Then proceed by applying to the nearest branch in your location. Take note that you will be required to submit a few personal documents to prove you are eligible for the offer.
Among the documents, you will be needing to include your Original National Identity Card and a copy, your Original PIN Certificate and a copy, your salary payslips for the last 3 months, and a copy of KRA PIN.
Once you’ve secured all of these, you can visit the nearest Co-operative Bank branch, ask for a loan application form, and fill in the document. Once you’re done, submit the application form along with your other documents and wait for further instructions.
Cooperative Bank Contact Information
Want to know more? Feel free to contact Co-operative Bank at 020 327 6000 or 020-2776000. You may also visit them at their head office located at Co-operative House, Haile Selassie Avenue.
Cooperative Bank Loan Conclusion
Impressed about the Cooperative Bank Personal Loan? Whether it be for financing major purchases or funding upcoming events, turning to a personal loan will help you achieve your goals easier and faster than expected.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions for more information.
