Mobile Banking has become part of Kenya due to its convenience. This is why the Co-operative Bank of Kenya (Coop Bank) has decided to make it even more convenient to their customers by introducing the Coop Mobile Loan service.
Unlike other competitors in the financial service field, Co-op bank does not charge a facilitation fee on mobile loans as their loans remain at 1.16 percent per month.
Any customer with a Co-op salary account, whether they have ever taken a branch or MCo-op cash salary advance or not is able to have access to the mobile loans. Some other advantages of going for Coop mobile loans include:
- The interest rate on mobile Salary Advance has dropped to 1.16% per month
- There is no facilitation /processing fee
- Get up to 150 percent of your net pay, real time, or any time of the month
- The loan is repayable within 1-3 months
- Dial *667# to apply now or via the banks Mco-op cash app.
You can also get a business loan that is available to any business customer with a running Co-op business loan, whether it’s a micro loan, business loan, asset finance, doesn’t matter.
There is no reason why you would not go for Co-op Bank’s business loan since:
- The interest rate on mobile business loans has dropped to 1.2 percent per month
- NO facilitation/processing fee
- You can get up to 75 percent of the monthly repayment on your current loan, real time
- The loan is repayable within 1 month
- To apply for the business loan. dial *667# on your phone or via the Mco-op cash app.