Skip to content
Lifestyle

5 Reasons Why You Should Take a Salary Loan via MCo-op Cash

BY Soko Directory Team · June 13, 2019 07:06 am

If you are in need of a salary loan that you will get instantly, without filling papers and without guarantors, then I would advise you to try out MCo-op Cash App.

MCo-op Cash has a friendly interest rate, high limit and lets you choose between one and three months to pay off your loan.

The Limit is Amazing

You can take up to 200,000 shillings within minutes, a maximum of 1.5 times your net salary that passes through your Co-op account.

If you earn 10,000 shillings, for instance, you can take up to 15,000 shillings without any problem via your mobile phone.

Payment Period is flexible

With MCo-op Cash salary loan, you are in charge of your payment model. You choose how you want to repay, either after one month or three months.

Say you took 15,000 shillings. You can either pay the full amount of 15,000 after a month or have 5,000 deducted for three months. Flexible. Right?

Easy to apply

No paperwork. No bank agents. It is just you and your phone. All you need to do is dial *667# or download and use the MCo-op Cash App. Register for MCo-op Cash then link it to your salary account and then, boom, apply for a loan. The cash will instantly be deposited into your account.

Easy to pay

Your loan payment is automatic. Depending on the mode of payment/duration you would have chosen, the amount will automatically be deducted when your salary passes through the account.

You can always apply for another loan

If you feel like taking another loan after your salary loan, say a personal loan, you are at liberty to do it. Co-op Bank will allow you as long as the total monthly loan repayment does not exceed 50 percent of your net salary.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Related Articles
Explore Soko Directory
Soko Directory Archives