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How To Get an MCo-op Cash Salary Loan from Co-operative Bank

BY Soko Directory Team · June 18, 2019 06:06 am

Getting an instant salary loan via mobile phone through the MCo-op Cash App from the Co-operative Bank of Kenya is just awesome, coupled with convenience and affordability.

With MCo-op Cash App, you can apply for up to a maximum of 200,000 shillings of 1.5 times your net salary.

For example, if your net salary is 10,000 shillings, you can apply for a maximum of 1.5 x 10,000 shillings which gives you a cool 15,000 shillings.

The loan can be repaid in 1 month or 3 months depending on what period suits you.

For example, if you take a loan of 15,000 shillings, you can repay the full 15,000 shillings after one month, or pay 5,000 shillings per month for 3 months.

To qualify, all you have to do is:

  1. Dial *667# or use the MCo-opCash app
  2. Register for MCo-op Cash (free of charge)
  3. Link your salary account at the nearest branch
  4. Apply for a loan

The money will be deposited into your MCo-opCash account INSTANTLY! There is no waiting. As soon as you apply, you get the cash. You can withdraw the money at any Co-op ATM or agent.

What is more, there are no approvals from your employer or guarantors required. Just you and your mobile phone! Chukua mkopo my friend. Why suffer?

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

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