Use this Co-op Bank mortgage calculator to find out exactly how much your monthly payment will be for any property in Kenya. The calculator uses the current Co-op Bank mortgage rate of 13.0% per annum and lets you adjust the loan term, deposit, and purchase price to see your full cost breakdown instantly.

Co-op Bank mortgage calculator — enter your details

Co-op Bank mortgage calculator — 13.0% p.a. (2026 rate)
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Monthly payment at Co-op Bank 13.0% p.a.
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About Co-op Bank home loans in Kenya

Co-op Bank offers the lowest standard mortgage rate in Kenya in 2026 at 13.0% p.a. Sacco members and Co-op Bank account holders may qualify for preferential rates below the standard rate. Strong for civil servants and salaried employees.

Co-op Bank mortgage rates 2026

ProductRate (p.a.)Max termMin depositMax loan
Standard home mortgage13.0%20 years10%20M
Land-only mortgage13.5%15 years20%20M
Construction loan13.5%20 years20%20M

* Rates are subject to change. Always confirm the current rate directly with Co-op Bank before applying. Rates shown are indicative for 2026.

How to apply for a Co-op Bank mortgage in Kenya

Co-op Bank mortgage requirements

Minimum salary of KES 40,000/month. KRA PIN, 3 months payslips, 6 months statements, employment letter. Sacco membership may improve terms. Property valuation from Co-op Bank approved valuer.

Step-by-step Co-op Bank mortgage application process

  1. Pre-qualification: Visit any Co-op Bank branch or apply online at co-opbank.co.ke to get a pre-qualification letter showing how much you can borrow
  2. Find your property: Use your pre-qualification to negotiate with sellers confidently
  3. Submit full application: Provide all required documents including property valuation report
  4. Credit assessment: Co-op Bank assesses your income, existing obligations, and credit history — typically takes 1–2 weeks
  5. Formal offer letter: Co-op Bank issues a formal mortgage offer letter with terms and conditions — valid for 30–90 days
  6. Legal process: Your conveyancer and the bank’s legal team complete the property transfer and mortgage registration — takes 4–8 weeks
  7. Drawdown: Funds are disbursed to the seller and your monthly repayments begin

Co-op Bank mortgage contact details

Address: Co-operative Bank of Kenya, Co-op Bank House, Haile Selassie Avenue, Nairobi
Phone: +254 703 027 000
Website: co-opbank.co.ke

Frequently asked questions — Co-op Bank mortgage Kenya

What is the current Co-op Bank mortgage rate in Kenya?

The current Co-op Bank mortgage rate in Kenya is 13.0% per annum as of 2026. This is a variable rate linked to the Central Bank Rate (CBR). Rates are subject to change — always confirm the current rate with Co-op Bank directly before applying.

How much can I borrow from Co-op Bank for a mortgage?

Co-op Bank offers mortgage loans from KES 500K to 20M. The maximum amount you can borrow depends on your income — most banks will lend up to 40% of your gross monthly income in monthly repayments. Use the calculator above to find your maximum loan amount.

What is the minimum deposit for a Co-op Bank mortgage?

The minimum deposit for a Co-op Bank mortgage is 10% of the property value. For a KES 5 million property, this means a minimum deposit of KES 500,000. A higher deposit reduces your monthly payments and total interest paid.

Compare other Kenya mortgage calculators

This calculator and guide are for informational purposes only and do not constitute financial advice. Always consult a licensed financial advisor and confirm current rates directly with Co-op Bank before applying for a mortgage.

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