– To access salary advance or business loan form Co-op Bank, one needs to open a banking account at a Co-op Bank branch
– This is a stress free credit facility that does not need paper work or collateral before it can be disbursed
– The maximum repayment period is three months and the maximum amount applicable is 150% of net salary
– Application process is easy, simple and can be done using MCo-op Cash app or by dialing USSD code *667#
– MCo-op cash also allows customers to pay for goods, services and send money via the app for free
As end of the month continues to draw closer, the harsh state of the economy also surges on and manifests itself to us in most savage ways.
For parents, it is time to think about school fees among other house bills while for investors, it is time to start making arrangements for employee’s salaries lest they activate the strike or go slow mode if not paid in time.
The one thought that keeps people hanging on during this time is the hope in a few days time, their accounts will be credited and they will be smiling to the bank.
But wait a minute, this does not mean life will end in case your pay is delayed or an emergency eats into your already overstretched budget.
With Coop Bank Salary advance, you are eligible to acquire up to KSh 200,000 MCo-op Cash salary loan to sort out your needs. This is if your monthly pay is channeled through Co-op Bank.
On the other hand, customers with Business Accounts are able to secure a KSh KSh 500,000 loan to either pay staff or restock their stores.
Both salary advance and business loans can easily be applied via mobile phone using the MCo-op Cash app that is available on Google Play Store.
After downloading and installing the app, you will be required to dial *667# to register for MCo-op cash.
Lastly, your salary or business account will need to be linked and this will be done at your nearest Coop Bank Branch and you will be good to go.
Do you have a Coop Bank account?
If not, walk into to the nearest Coop Bank Branch and apply for one today.
You will be able to apply for a salary advance loan immediately the first pay hits your account.
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Source: Tuko Kenya
