How To Apply For A Loan Through MCo-op Cash From Co-op Bank

MCo-op Cash is a product of the Co-operative Bank of Kenya (Co-op Bank). It is a service that allows Co-op Bank customers to access bank services and loans

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.

You can easily apply for an MCo-op Cash loan for a minimum of Kes 100 up to a maximum of Kes 500,000. The Business plus Loan is available to Co-op Bank customers on a business account for a minimum of 6 months.

The opportunity to get an advanced loan is not only available for salaried individuals but also for business individuals with co-op bank accounts.

Once you open a Co-op business account, you can apply for a Co-operative bank that offers MCo-op cash salary loan of up to 30 percent of the salary amount on your phone and with time the amount is gradually increased up to 200,000

For the Co-op Business Account, you can apply for an MCo-op cash business loan of up to 500,000 shillings through your phone.

How to apply for an MCo-op cash loan:

1. On your phone dial *667# or download the Mco-op Cash app
2. Register for MCo-op cash free of charge, with your National ID or valid Passport number
3. Link your business account at any Co-op Bank branch
4. Log into MCo-op cash and Apply!

The loan amount is deposited in your MCo-op Cash account, less a one-off appraisal fee of 3 percent of the loan amount applied for, a commission of 1.083 percent of the loan amount applied, and 20 percent excise duty of the total commission charged.

Read More: How To Pay School Fees Through Mco-op Cash