How to apply for co-operative bank loan

You can easily apply for 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 business account for a minimum of 6 months.

Depending on your turnover and CRB score, Co-op bank customers are legible to apply.

How to apply for Mco-op cash loan

On your phone dial *667# or download the Mco-op Cash app
Register for MCo-op cash free of charge, with your National ID or valid Passport number
Link your business account at any Co-op Bank branch
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% of the loan amount applied for, a commission of 1.083% of loan amount applied and 20% excise duty of the total commission charged.

You can withdraw cash at any Co-op Bank ATM or Co-op Kwa Jirani Agent or you can also send the money directly to your Mpesa or someone else’s Mpesa.