Co-operative Bank has rolled out a new loan facility targeting salaried Kenyans, offering customers access to mobile loans of up to KSh 500,000 and unsecured personal loans of up to KSh 9 million, with a simplified qualification process requiring only a payslip.
Marketed under the tagline “Slip kwa dream yako!”, the loan offer is part of Co-op Bank’s strategic plan to expand credit access for individuals seeking quick financing for personal needs, business support, emergencies, or investment opportunities.
Flexible Loan Options for Salaried Customers
According to the bank, customers can now benefit from:
- Mobile loans accessible instantly on their phones, capped at KSh 500,000
- Unsecured loans of up to KSh 9 million, approved based on salary capacity and credit history
The offer is available to both existing and new salaried customers who process their income through Co-operative Bank or are willing to shift their salary accounts to the lender.
Easy Qualification With Just a Payslip
In a bid to simplify the borrowing experience, Co-op Bank stated that customers will only need to present a recent payslip to initiate the loan application process. This significantly reduces documentation hurdles and makes the facility accessible to workers across both public and private sectors.
The streamlined approval process is also expected to boost uptake among Kenyans increasingly seeking affordable and flexible financing options.
Customers Encouraged To Visit Branches Nationwide
The bank is encouraging interested customers to visit the nearest Co-op Bank branch for personalised guidance, loan assessment, and full details on terms, repayment plans, and eligibility.
With branches and agents spread across the country, the lender aims to make the product widely accessible, particularly for customers looking for quick turnaround on personal financing.
Strengthening Co-op Bank’s Position in Retail Lending
The introduction of higher-limit unsecured loans positions Co-operative Bank as one of the most competitive retail lenders in Kenya, especially for salaried workers seeking large financing without collateral.
The offer also aligns with the bank’s recent push to expand its digital and branch-based credit solutions while maintaining responsible lending practices.
