How To Withdraw MCoop Cash Loan To Mpesa [2021]

How To Withdraw MCoop Cash Loan To Mpesa [2021]

Mcoop cash is a mobile loan facility provided by Co-operative bank that advances mobiloans to its salary account holders whose accounts have been active for up-to 3 months.

The loan limits assigned are dependent on one’s salary amount and are repayable within a duration of 3 months.

Unlike other bank loan apps, Mcoop cash does not rely on CRB when approving loans and also provides a top-up facility only applicable upon payment of one of the installments.

The loans advanced are deducted automatically once an individual’s salary hits the account until the loan is fully repaid.

Once a loan application is approved, you can use the below procedure to withdraw the Mcoop cash loan to your Mpesa.

Via Ussd code

  • Dial *266#
  • Select Option 1: Co-operative
  • Input your Pin
  • Select Option 1: Send Money
  • Select Option 2: Mpesa
  • Select either your mobile number or other mobile numbers to send the funds to
  • Select account to send from i.e Mcoop cash
  • Enter the amount to transfer. ( Note: You should factor in the transaction charge as well as Excise duty fee )
  • Click ‘Confirm’ to finalize the transfer.

You will receive a notification stating that your transaction is successful and has been sent to the Mpesa number provided initially as well as your available/actual balance will also be displayed.



Categories: Loan Apps

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