8 unbelievable simple steps to get a loan within 5 minutes using your mobile phone

Getting a loan has become as easy as just pressing the keypad on your mobile phone.

Are you broke? Do you need a loan? Are you tired of queuing and filling forms? Don’t worry, getting a loan has been simplified by MCo-op Cash.

MCo-op cash which is a product of Co-operative Bank, has made it easier for Kenyans to get loans just using their mobile phones alone.

To get a loan, you first need to register for MCo-op cash by simply dialing *667# and follow the instructions.

Once you register for MCo-op cash, you will be given a secret pin which you will use when applying for a loan.

Below are the 8 simple steps to get a loan within 5 minutes by MCo-op cash using your phone:

Step 1: Dial *667#

Step 2: Enter your MCo-op cash pin and press ok

Step 3: From the main menu, select “loans”

Step 4: From the select service menu, select “apply loan”

Step 5: Select the type of loan you want

Step 6: Enter the amount you want to borrow

Step 7: Confirm the transaction by pressing ok

Step 8: Accept MCo-op cash terms and conditions to complete your application

You will receive a text message confirming that your loan application has been received and is being confirmed.

After a short while, you will receive another short message confirming that the loan application has been successful and your money has been deposited in your MCo-op cash account.

By the way there is no facilitation /processing fee required with Co-op bank’s mobile loan. And even juicier thing about Co-op bank mobile loan is that the interest rate is 1.16% per month.

Watch the video below for visual illustration on how to apply a loan from your MCo-op cash: