Co-operative Bank Financing

COOP BANK ASSET FINANCE

Application Requirements
1.) Sole proprietor/ Individuals/ Partnership
• Continuous latest twelve months (1 yr.) bank statements (for non-Coop clients)
• Copy of ID/Passport
• Copy of PIN Card
• Proforma Invoice
• Duly completed and signed Co-op Asset Finance Application
• Business Registration certificate.
• AGM minutes for change of signatories (where signatories have been changed) for Saccos.
• Latest 12 months’ bank statements (for non-Coop clients) for Saccos.
• Copy of Certificate of incorporation (for companies).
• Copies Memo & Articles of association (for companies)

N.B for borrowings above Kshs 10M, kindly submit additional documents below:
• Copies of audited accounts for the last 3 years.
• Latest management accounts
• Cash flow projections
Financing terms

  • School Buses 5% of the total cost
  • Tractors 30% of the total cost
  • PSV- Up to 30% of the total cost, 10% for PSV Saccos/Companies
  • Commercial vehicles -Up to 10% on selected models
  • Used personal vehicles up to 8yrs- Up to 20% of the total cost
  • Financing up to 80%

Repayment terms

  • Used Personal vehicles 4 Years (48 months)
  • Equipment, PSV, Tractors 3 Years (36 months)
  • School Buses 5 Years (60 months)
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