Co-operative Bank of Kenya's personal loan interest rates are variable and tiered based on creditworthiness, salary processing status, and loan purpose. As of February 2026, unsecured personal loans typically range from 13% to 18% per annum on a reducing balance basis, with the base lending rate recently adjusted to 14.5% plus a margin of 0-4%.

Rate Breakdown

Rates depend on factors like employment stability and existing relationship with the bank:

  • Salary account holders: 13-15% p.a. (preferential for Flexi Plus or advances up to 4x salary).

  • Standard unsecured: 15-18% p.a. (for loans KSh 50,000 to KSh 9 million, up to 132 months).

  • Mobile loans (MCo-opCash): 9-18% p.a., often lower for quick disbursements via *667#.

These align with CBK's May 2025 average of 16.10% for Co-op personal lending, adjusted downward amid KESONIA reforms. Use the bank's loan calculator for personalized quotes, as final rates reflect CRB status and debt burden.

Factors Influencing Your Rate

  • Strong credit score and 6+ months' salary deposits yield lower ends (13-14%).

  • New customers or higher risk face upper tiers (17-18%).

  • No prepayment penalties; rates are floating per CBK guidelines.

Visit co-opbank.co.ke/loan-calculator or a Nairobi branch (e.g., Westlands) for exact quotes. Rates effective immediately post base rate cut to 14.5%.

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