At Co-operative Bank, a Payslip Can Secure Up To Ksh9 Million Personal Loan

As the year 2025 begins to pick speed, most Kenyans are finding themselves stuck with ambitious plans due to lack of financing. While armed with great ideas, the challenge remains accessing funds to either kickstart their quest for investment or expand their operations.

The quick solution has always been to dash for bank loans where credit is secured through land titles or car logbooks – after a tedious process of checks on creditworthness. Lately, however, Cooperative Bank of Kenya has rediscovered the treasure trove that is the payslip.

For salaried employees, access to credit can be about as easy as having a payslip. In its latest Nika Slip Tu campaign, Cooperative Bank has opened credit taps to millions of Kenyans in need of loans, secured by only the payslip.

Those targeted by the payslip loans through salary accounts include employees of the Teachers Service Commission, Government workers, National Police Service, Medical officers, Kenya Defence Force officers, Prison wardens and all other salaried customers and pensioners in both public and private sectors.

Having a Co-op Bank salary account opens new avenues to benefits like loans, investment opportunities and insurance. The Co-op Salary account has three components in one solution: a salary account; a personal loan and mobile loans – which is what most people are looking for to sort out their financial lives.

Personal Loan Features

• Minimum loan amount of Ksh50,000
• Maximum loan amount of Ksh9,000,000
• Maximum term of up to 120 months
• Purposes to be covered include education, medical, furniture, consumer durables, motor vehicles, plot purchase, holidays and shares
• Applications appraised within 48 hours

Requirements

• Employed individuals or individuals with a regular income including monthly pension
• Original National Identity Card
• No specific minimum net salary
• Salary pay slips for the last 3 months
• Filled in loan application form
• Copy of KRA PIN

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