How To Apply For a MCo-op Cash Personal Loan

In this time when the world is battling the Covid-19 virus, a lot is bound to happen including bankruptcy.

People are taking pay cuts and some going broke in the middle of the month since they have to deal with unexpected expenses.

It is a saddening time and since you have no choice, borrowing a loan could be the only remaining option.

However, most people do not go for loans because they fear getting harassed by their lenders. Not all lenders are the same that is why I would advise you to choose Mco-op cash, the most convenient platform for getting instant loans.

So how does MCo-op cash loan work?

For one to get a loan, he or she has to be employed or be an individual with a regular income. Another thing that counts is you having a good credit score at the CRB.

The features of the loan are:

1. Minimum loan amount of  50,000 shillings
2. Maximum loan amount of 4,000,000 shillings
3. The maximum term of 72 months
4. Purposes to be covered include education, medical, furniture, consumer durables, motor vehicles, plot purchase, holidays and shares
5. Applications to be appraised using credit scoring
6. Applications appraised within 48 hours

What are the requirements?

• Original National Identity Card and a copy
• Original PIN Certificate and a copy
• No specific minimum net salary is required
• Salary payslips for the last 3 months
• Filled in the loan application form
• Copy of KRA PIN

Co-op Bank Personal Loan is a simple and convenient borrowing solution to help you reach your goals. Be it paying for rent, utility bills, buying household items, you can get a loan and face your financial difficulties with bravery.

However, Mco-op Cash is not only for loans, but you can also Transact straight from your phone by simply dialing *667# or via the MCo-op Cash App.

To download the app, go to Google Play Store or the Apple Store.

With MCo-op Cash, you can access these services:

• Deposit or save money
• Apply and pay for a loan
• Send money to another MCo-op Cash Account, Co-op Bank Account or SACCO Account
• Send money to other mobile money services, for example, M-PESA
• Withdraw money at a Co-op Agent or Co-op ATM
• Transfer money to and from your Co-op Account or SACCO Account
• Buy airtime for any mobile number
• Pay bills, for example, KPLC, DStv, KRA Tax and Insurance
• Pay for goods and services
• Pay fees, for example, school fees or rent
• Check your account balance or get a statement
• Buy, sell or transfer shares
• Activate SMS alerts for debits and credits