This is a simple guide on how to repay your Mcoop Cash loan via Mpesa. MCo-op Cash is a mobile banking app by the Co-operative Bank which helps its customers to access various services using their phones. Among the services offered by this app is borrowing a loan. The most popular one being the Flexi Cash Salary Advance Loan whereby one can borrow from as low as Ksh 3,000 to Ksh 200,000. It’s an instant and unsecured loan with a repayment period of 3 months.
Now, if you are wondering on how to repay your loan, follow the guide below.
How To Pay Mcoop Cash Loan via Mpesa
1. Go to your Mpesa Menu
2. Select Lipa na Mpesa
3. Select PayBill
4. Enter 400200 as the business number
5. Enter your bank account number
6. Enter the amount you want to repay
7. Enter your Mpesa pin and press OK
8. You will receive a transaction confirmation message from Mpesa.
After that, go to your MCo-op Cash app menu and select loan then pay loan. Enter the amount you want to pay to complete the process.
You can contact Co-operative Bank using the avenues below in case you have further inquiries.
Co-operative Bank Contacts
Phone : 020-2776000, 0703027000
Twitter : @Coopbankenya
Facebook : Co-op Bank Kenya