The Co-operative Bank of Kenya has unveiled a new multi-purpose loan product allowing borrowers to accomplish various financial goals.
The new product dubbed Ni Kaslip to targets employed individuals or individuals with a regular income including a monthly pension.
According to the lender, borrowers can access a minimum loan amount of Ksh50,000 and a maximum loan amount of Ksh9000,000 for various purposes including education, medical, furniture, consumer durables. motor vehicles. plot purchase. holidays, and shares.
“With just a pay slip you can get up to Kes.gM unsecured personal loans for a maximum term of 120 months.” Co-op stated.
No specific minimum net salary is required meaning anyone can access the loan as long as they have a regular income, original National Identity Card and a copy.
Salary pay slips for the Last 3 months, filled-in loan application form, and a copy of KRA pin.
