Some people choose visit the lender, but when you commonly one of them, we completely understand. Transact from the comfort of the phone simply by dialing *667# otherwise through the MCo-opCash App on the internet Enjoy shop or App Store.

Once you get the MCo-opCash PIN, you could potentially download new software out of Google Play shop or Application Shop. You could potentially re also-place each time should you skip otherwise feel the need so you’re able to alter.

Each time you manage a purchase, you will be delivered an OTP (One time Code) to verify that you are the main one transacting. The brand new OTP can instantly feel picked by the phone, you don’t have to memorize and kind it within the. This will be among the security features i have setup location to secure the levels and you can transactions.

Once you’ve the fresh new app, you can easily accessibility Mco-opcash financing straight to your cellphone. You could play with *667# to gain access to Mco-opcash fund to the mobile phone.

More information

MCo-opCash Income Financing is available to the people which located their Income by way of an excellent Co-op Checking account. You do not have for your boss to own an enthusiastic MOU (earlier arrangement) towards the lender.

1. You might apply for as much as 1.5 (& 2) minutes the net income as received on the Co-op Savings account, regarding a minimum of 1000 as much as all in all, Kes five-hundred,000. To apply for the borrowed funds: Switch *667# download the newest Mco-opCash software on google Enjoy store otherwise Application Shop
2. The borrowed funds number try deposited on your own MCo-opcash membership, less the price from 8% for 1 week mortgage, 10% for a few weeks loan, and you will twelve% to possess step three months’ financing which is subtracted initial. And deducted upfront is the insurance coverage fee out of 0.034% and you may an enthusiastic excise obligation out of 20%. You could import the money towards the co-op savings account you can also withdraw dollars at any Co-op Lender Atm or Co-op Kwa Jirani Representative. It is possible to post the money to your Mpesa otherwise another person’s Mpesa.

You will be charged a-one-out-of fee away from 8% getting a term of 1 day, 10% for a loan name out of 2months and you will twelve% for a financial loan name regarding 90 days, into loan amount + 0.034% pm insurance policies fee (insurance is for everyone mortgage items) + excise obligations out-of 20%. New charges try deducted initial (i.age., until the money is placed on your MCo-opCash wallet account). Including, for folks who demand financing away from Kes 10,000:

You could potentially desire pay off the mortgage in thirty days, 8 weeks otherwise 3 months. The complete price of the loan are very different depending on the loan label you opt to pay back your loan i.elizabeth. into the 1 month, 2 months otherwise ninety days.

Do i need to apply for MCo-op Dollars Salary financing basically has a different loan that have Co-op Financial, age.grams. Unsecured loan? Yes. If you have a current MCo-opcash mortgage, youre permitted to finest-right up shortly after repaying about 1 instalment.

Can i unlock a salary Account or is also my personal income become paid back to the Co-op Family savings? The paycheck will be acquired in virtually any Co-op Savings account but the new absolute deals (Hekima) account.

In the event the my paycheck begins are paid so you’re able to a Co-op account today, how in the near future ought i submit an application for a keen MCo-op Cash Salary Financing? You could make an application for the loan once acquiring at the very least step 1 income borrowing from the bank.

Domestic it is possible to financing limits

Let’s say my loan application is declined? You can visit this new nearest Co-op Bank part, telephone call support service into the 020 2776000 / 0736 690101 / 0703 027000 otherwise email address -opbank.co.ke.