Loan of up to KShs. 200,000 for any customer with savings in Mco-op Cash, based on the amount of savings at the time of application. Just sign up for MCo-op Cash, deposit money, apply for the loan on your phone and get the cash chap chap!
It is a personal loan product targeted at salaried individuals.
- Minimum amount Kshs.50,000
- Maximum amount Kshs.4,000,000
- Maximum term 72 months
- Purposes to be covered: Education, Medical, Furniture & Consumer durables, Motor Vehicles, Plot Purchase, Holiday and Shares.
- Applications to be appraised using credit scoring.
- Applications appraised within 48 hours.
Employed Individuals or Individuals with regular income
ACCOUNT OPENING REQUIREMENTS
- Identity Card – original and copy
- Pin Card – Original and Copy
- No specific minimum net salary is required.
- Salary pay slips for the last 3 months
- Completion of the loan application form.