The Co-operative Bank of Kenya has introduced a new loan offering for salaried customers, providing up to Ksh9 million in personal loans with a repayment period of up to 10 years.
Under the 'Ni Ka Slip Tu' programme, Co-op Bank is allowing customers with a Co-op salary account to enjoy personal loans from Ksh50,000 to cover education, medical, furniture, consumer durables, motor vehicles, plot purchases, holidays, and shares purchases.
A Co-op salary account is designed as a comprehensive financial solution, combining a salary account, personal loans, and mobile loans.
With a Co-op Salary Account, one does not need an opening and operating balance, which makes it easy to open the account and maintain the account.