How do I check my loan balance?
- Dial *667# or open your MCoop Cash App and login to access your account.
- Choose the ‘Loans’ option.
- Tap on ‘Loan Enquiries’ then choose ‘Loan Balance’
- Follow the prompt to view your account loan balance on mobile.
Regarding this, how long do Cheques take to clear Cooperative Bank?
Cheques paid into a Co-operative Bank branch
You should expect to see the cheque clear and credit your account within 2 working days.
- Dial *667# or use the MCo-opCash app.
- Register for MCo-op Cash (free of charge)
- Link your salary account at the nearest branch.
- Apply for a loan.
In this way, what is the interest of cooperative bank?
Co-operative Bank Fixed Deposits. There are several co-operative banks that offer competitive interest rates on Fixed Deposits. The interest rate from different banks ranges from 5.40% p.a. to 6.25% p.a. for regular citizens with senior citizens getting up to 0.60% higher interest rate.
Which is the best bank for savings in Kenya?
Best Banks In Kenya To Open A Savings Account And Earn High Interest
- Absa. …
- Co-operative bank. …
- Credit bank. …
- Diamond Trust bank. …
- Gulf bank. …
- Mayfair bank. …
- Middle East bank.
How long does it take to process a loan in co-operative bank?
The duration of the Co-operative bank loan usually depends on the type of loan one wishes, such as personal loans, business loans, SME loans, and others. Most loans are approved within 24 business hours.
How do I repay my coop bank loan?
How To Pay Mcoop Cash Loan via Mpesa
- Go to your Mpesa Menu.
- Select Lipa na Mpesa.
- Select PayBill.
- Enter 400200 as the business number.
- Enter your bank account number.
- Enter the amount you want to repay.
- Enter your Mpesa pin and press OK.
- You will receive a transaction confirmation message from Mpesa.
Which bank has the lowest interest rates in Kenya?
Cheapest Bank loans in Kenya
- Central bank of Kenya. The central bank of Kenya (CBK) has the benchmark as the best lender with 9% interest rate. …
- Victoria Bank. This is one of the cheapest banks that offer loans at a subsidized rate. …
- KCB. …
- National Bank of Kenya. …
- HDFC Bank. …
- Stanbic Bank Kenya. …
- HF Group.
How do I top up a cooperative bank salary loan?
With MCo-op Cash App, you can apply for up to a maximum of Ksh. 200,000 of 1.5 times your net salary.
- Dial *667# or use the MCo-opCash app.
- Login with your MCo-opCash PIN.
- Navigate to ‘Loans’ on the main menu.
- Select ‘Salary Loan’.
- Follow the easy steps.
Which is the best bank for loan in Kenya?
Best banks for loans in Kenya
- Equity Bank. Equity Bank is popular for being the best in Kenya for loans. …
- Paramount Universal Bank. Paramount Universal Bank is one of the banks in Kenya with a rapid growth considering that it is a retail bank. …
- Family Bank. …
- Jamii Bora Bank.
How do I pay my flexi loan via mpesa?
How to Deposit Money Into MCo-op Cash From M-pesa
- Go to M-PESA, select Paybill.
- MCo-op Cash business number is 400200.
- Enter your MCo-op Cash Number.
- Follow the menu.
How do I withdraw money from my cooperative bank to MPesa?
Here is how you can do it:
- On your device dial *667#
- Register for the service then you will receive a menu.
- Choose the Mobile Money option.
- Select the MPesa option.
- Enter the mobile number you wish to transfer money.
- Key in your Cooperative account you want to withdraw from.
- Enter the amount to withdraw.
How do I access my cooperative bank loan?
Once your salary or business account is linked with Mco-op cash, you can follow these steps to get a loan:
- Dial *667# or use the App.
- Enter your Mco-op Cash PIN.
- Choose the option Loans.
- Select Apply Loan.
- Next choose the type of loan, either Salary Loan or Business plus loan.
How do I qualify for a KCB loan?
How do I qualify for a KCB loan?
- Valid Kenyan ID or passport.
- Recent original Payslips.
- Evidence of source of income for self-employed persons.
- Be an active KCB account holder for a minimum of 6 months.
- For credit card advance, possess a KCB financial card.