The first term of school reopening is usually the hardest for parents as it comes along with more responsibilities and expenses, especially for those parents who have students joining form one.
For most parents, it means buying everything new: new shoes, uniforms, stationery, textbooks, and exercise books.
Sometimes, it becomes hard for parents to manage all those expenses, given the heavy Christmas and New Year spending.
Luckily, Co-op Bank has come up with a solution to ensure parents take back their kids to school even in times of financial hurdles.
The bank is providing instant mobile loans of up to Sh1 million for school fees through Mco-op Cash to customers with a salary or business account.
No forms, calls, or security required; all you need to do is to register yourself on your phone for free and apply for the loan immediately. To register, dial *667# OR download the Mco-opcash app and select REGISTER.
Easy ways to pay school fees, back to school shopping
To check your Mco-op Cash loan limit (how much you qualify for):
- Dial *667# or open the MCo-op Cash app and login with your MCo-op Cash PIN
- Select E-loans
- Select Check Limit
- Click on APPLY LOAN and follow the steps
- The money will be deposited in your Mco-op Cash wallet (This is a virtual account. The account number is your mobile number with ‘1’ at the end). You can transact directly from the wallet or transfer the money to your Salary or Business account
To apply for Mco-op Cash loan:
- Dial *667# or open the MCo-op Cash app and log in with your MCo-op Cash PIN
- Select E-loans
- Select Check Limit
- Click on Apply Loan and follow the steps
- The money will be deposited in your MCo-op Cash wallet (This is a virtual account. The account number is your mobile number with ‘1’ at the end). You can transact directly from the wallet or transfer the money to your Salary or Business account
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