Co-operative Bank has launched a new 30-day unsecured loan called Kamilisha Transaction, designed to help customers complete transactions when their funds are depleted. This short-term loan offers convenience and flexible terms, allowing customers to access funds seamlessly during a transaction.

• Customers can get an overdraft of up to Ksh100,000, with limits determined by banking activity.
• The loan is repayable in 30 days and features competitive rates; a Ksh1,000 loan incurs total charges of Ksh84.34.
• Charges include a Ksh20 access fee, Ksh4 excise duty, Ksh0.34 insurance, and a Ksh2 daily charge for 30 days.
• Customers can opt-in via the bank's digital banking platform (USSD or mobile app) by selecting E-loans, then Kamilisha.