With Co-operative Bank’s Kenya Mco-op cash mobile banking platform, you can apply for a loan and perform banking transactions right from the comfort of your mobile phone. Services you can access on the mobile platform include applying for loans, depositing or sending money to any Mpesa or bank accounts, withdrawing cash at Co-op bank ATMs or agents, and paying bills.
You can get all these services at the touch of a finger just with the Cooperative Bank’s USSD code *667# or *266# or the mobile loan app which can be downloaded from the Play Store.
Your salary must be passing through Co-operative bank before you can apply for Mco-op cash loans.
How to Register for MCo-op Cash
You can register for MCo-op cash mobile banking by visiting your nearest Co-operative bank branch and linking your Safaricom phone number to your account.
After a short while, you will receive a message confirming that the loan amount you applied for has been deposited into your Mco-op cash account.
You can withdraw your MCo-op cash money at any Co-op bank ATM or agent near you, or you can send it straight to your MPesa account.
If you have an existing MCoop cash loan, you can still top-up after repaying at least 1-month installment.
Mco-op Cash Interest Rate and Charges
MCo-op cash charges a one-off fee of 8% for 1 month loan, 10% for 2 months loan, and 12% for 3 months loan that is deducted upfront on the Salary Advance Flexi loan and distributes the monthly installments equally to the period chosen.