Enter your email address below and subscribe to our newsletter

Mcoop Cash Loan Limit and How to Increase it

By Oluchukwu Ikemefuna

Share your love

The Mcoop Cash loan limit represents a crucial aspect of the borrowing experience for users of the popular mobile lending platform.

 As individuals seek financial solutions to meet their immediate needs and pursue long-term goals, understanding the intricacies of this limit becomes a necessity.

In the landscape of personal and business finance, the Mcoop Cash loan limit serves as a fundamental parameter that shapes borrowers’ access to financial resources and influences their ability to seize opportunities and manage financial challenges effectively.

In this piece, we’ll be reviewing all you need to know about Mcoop Cash Loan limit and how to increase it.

What is Mcoop Cash?

Mcoop Cash is a mobile lending platform provided by Co-operative Bank of Kenya. It enables users to access instant loans directly from their mobile phones without the need for collateral or lengthy application processes. 

Mcoop Cash uses the convenience of mobile technology to offer financial solutions to individuals and businesses, providing quick access to funds for various purposes such as emergencies, investments, or day-to-day expenses.

Read also:EasyBuy: Empowering Smartphone Users With Instant Loans

What is Mcoop Cash Loan?

Mcoop Cash Loan is a financial service offered by Co-operative Bank of Kenya through its mobile lending platform, Mcoop Cash. 

It allows users to access instant loans directly from their mobile phones without the need for collateral or lengthy application processes. 

Users can borrow funds for various purposes, such as meeting urgent expenses, covering business costs, or investing in personal development. 

Mcoop Cash Loan provides a convenient and accessible solution for individuals seeking quick access to financial resources to address their immediate needs.

Read also:Update on LAPO Loans: How to Apply, Eligibility Requirements and Loan Packages

What is Mcoop Cash Loan Limit?

The Mcoop Cash loan limit refers to the maximum amount of money that users can borrow from the Mcoop Cash mobile lending platform at any given time.The minimum loan limit is Kes 100, and the maximum loan limit is Kes 1 million.

This limit is determined by various factors, including the borrower’s credit history, income level, transaction patterns, and repayment behaviour. 

Initially, new users may have lower loan limits as the platform evaluates their creditworthiness and risk profile. 

As borrowers demonstrate responsible borrowing behavior and improve their financial standing, they may become eligible for higher loan limits, providing greater access to financial resources to meet their needs.

Read also:Elon Musk Buys New Windows Laptop, Tweets his Frustration with it on X

What is Mcoop Cash Loan Terms and Conditions?

Mcoop Cash Loan is a lending service offered by the Co-operative Bank of Kenya. Below are some of its Terms and Conditions.

1. Loan Amount: 

Borrowers can access loans ranging from Kes 100 to Kes 1 million. This provides flexibility for individuals with varying financial needs.

2. Repayment Period: 

Borrowers have a repayment period of 1 to 6 months to pay back the loan. This allows borrowers to choose a repayment schedule that aligns with their financial capabilities and preferences.

3. Eligible Applicants: 

Individuals, partnerships, businesses, companies, and private schools are all eligible to apply.

4. Requirements:

  •  Active Business Account:

Applicants need to have had an active business account for the last 6 months.

  • Good Borrowing and Repayment History

If applicable, applicants should demonstrate a positive history of borrowing and repaying money.

  • Good Record of Account Activity:

Even if it’s the first time borrowing, applicants can still qualify if they have a good record of account activity, such as consistent turnover. 

These requirements suggest that Mcoop Cash values stability, reliability, and a track record of responsible financial behaviour.

5. Interest Rate:

Mcoop Cash will charge you about 1.083% interest every month. When you apply for the loan, they take 3% of the loan amount as a fee.

They also charge 3% of the loan amount for appraising it and you have up to 6 months to pay back the loan.

Read also:Elon Musk Sues OpenAI

How to increase Mcoop Cash Loan Limit

Mcoop Cash offers loans ranging from Ksh 1,000 to Ksh 500,000, which you can pay back within 1 to 3 months. To increase your loan limit, make sure to repay your loan on time. 

Even if you have up to 3 months to pay, try to pay back sooner and then immediately apply for another loan. The more consistently you repay and reapply, the higher your limit can go.

Another way to boost your limit is by depositing all your daily sales into your bank account and withdrawing when you need to restock.

As your credit score improves, so does your loan amount. Paying back within a month can lead to your limit exceeding Ksh 200,000 within 1 to 2 years.

Always apply for the maximum loan amount offered. If your limit is Ksh 50,000, borrow the full amount instead of taking less. Taking less regularly might lead to a reduction in your limit or it staying the same, as it suggests you don’t need more than the limit.

Avoid defaulting on payments at all costs. Defaulting once can flag you as a risky borrower, signaling to lenders that you might not repay future loans.

Additionally, ensure your name is not listed in the Credit Reference Bureau (CRB). These loan apps and banks often share information, so if Cooperative Bank finds out you defaulted on a loan elsewhere, they may hesitate to increase your limit.

Read also:Nigeria to Provide Solar Subsidy for Unserved Areas via World Bank Approved Loan

What other business loan option is on Mcoop Cash?

You can  get business loans easily through Mcoop Cash, with amounts of up to Ksh 1 million available and payable within 6 months

Below are some of them:

  • Business Plus Loan:

This loan is for people who are borrowing for the first time or for those who have already paid off their previous loans. It allows you to borrow money for your business, and you have up to 6 months to pay it back.

  • Business Plus Top-up:

Let’s say you’ve already taken a loan but didn’t use all the money you were allowed to borrow. With this option, you can ask for more money within the limit you were given.

For example, if you borrowed Ksh 30,000 out of a Ksh 50,000 limit, you can request an extra Ksh 20,000. Just remember, you’ll need to pay back the total amount by the date you were supposed to pay back the original loan.

  • Refinance:

If you’ve been paying back a loan for at least one month, you might be able to borrow more money. For instance, if you borrowed Ksh 50,000 and paid back the first month’s installment, the bank might increase your borrowing limit.

Let’s say you then ask for Ksh 100,000. The bank will use part of that money to pay off what you still owe on the original loan, along with any fees.

The rest will go into your Co-op Bank account. Just remember, the fees for the new loan are based on how much you’re allowed to borrow, and you might have more time to pay it back.

Read also:How to Use the Standard Bank Home Loan Calculator

How do I Register on the Mcoop Cash Loan App?

Here’s how you can sign up and log in to the MCo-op Cash App:

1. Go to your nearest Co-op Bank branch to open an account.

2. Register your phone number either at the bank or by doing it yourself on retail-onlinebanking.co-opbank.co.ke.

3. Next, make an account by providing your last name as written on your ID or Passport, along with your ID or Passport Number. Press OK to move forward.

4. If you already have an account with Co-op Bank, select ‘Yes’ when prompted.

5. Agree to the terms and conditions of MCo-op Cash to complete your registration.

6. You’ll receive an SMS containing a PIN indicating that you’ve been partially registered. 

7. Change your PIN as instructed.

8. Wait for another SMS confirming that you’ve been fully registered. That’s it! You’re good to go.

Read also:Global Tech Layoffs: eBay Cuts 1,000 Jobs

How to get Mcoop Cash Loan

To get an MCoop Cash loan, you have several options:

  • Dial *667#:

You can apply for a loan by dialing *667# on your phone and following the prompts to complete the application process.

  • Web Application:

You can also apply for a loan through the MCo-opCash website. Visit the website and follow the instructions provided to apply for a loan online.

  • MCo-opCash App:

Another option is to download the MCo-opCash app from the Google Play Store (for Android devices) or the App Store (for iOS devices). Once downloaded, you can use the app to apply for a loan directly from your smartphone.

Whichever method you choose, make sure to provide accurate information and follow the application instructions carefully to increase your chances of approval.

Read also:Latest on How to Borrow Data from 9Mobile

How to payback Mcoop Business Plus Mobile Loan

To pay back Business Plus Mobile Loans, you have two options:

  • Use your Co-op Bank accounts:

Log into MCo-opCash by dialing *667# or using the MCo-opCash app. Then, choose ‘LOANS’ and ‘PAY LOAN’ to follow the steps to repay your loan.

  • Use MPESA: 

Log into MCo-opCash by dialing *667# or using the MCo-opCash app. Then, choose ‘LOANS’ and ‘PAY LOAN’ to follow the steps to repay your loan.

Read also:EU Begins Investigations on Apple, Meta and Google

Other services you can do using Mcoop Cash

1. Deposit or save money: 

You can put money into your MCo-op Cash account, either to save it for later or to use it for transactions.

2. Apply and pay for a loan: 

If you need some extra cash, you can request a loan through MCo-op Cash and then repay it later, along with any interest or fees.

3. Send money to various accounts: 

You can transfer money to other MCo-op Cash accounts, Co-op Bank accounts, or sacco accounts, making it easy to send money to friends, family, or businesses.

4. Send money to other mobile money services: 

You can also send money to other mobile money platforms like M-PESA, expanding your options for sending money to different people.

5. Withdraw money at Co-op agents or ATMs:

Need cash? You can withdraw money from your MCo-op Cash account at any Co-op agent or Co-op ATM.

6. Transfer money to and from your Co-op account or sacco account: 

You can move money between your MCo-op Cash account and your Co-op Bank account or sacco account, providing flexibility in managing your finances.

7. Buy airtime for any mobile number: 

Users can top up their prepaid phone or someone else’s with airtime directly from your MCo-op Cash account.

8. Pay bills: 

You can pay various bills such as electricity (KPLC), TV subscriptions (DStv), taxes, and insurance directly from your MCo-op Cash account.

9. Pay for goods and services: 

Use your MCo-op Cash account to pay for purchases at shops, restaurants, or online merchants.

10.Pay fees: 

Whether it’s school fees, rent, or other fees, you can use MCo-op Cash to make payments conveniently.

11. Check your account balance or get a statement: 

Stay updated on your finances by checking your account balance or requesting a statement through MCo-op Cash.

12. Buy, sell, or transfer shares: 

Manage your investments by buying, selling, or transferring shares directly through your MCo-op Cash account.

13. Activate SMS alerts for debits and credits: 

Stay informed about transactions happening in your account by activating SMS alerts for both money going in and out.

Read also:4 Vivo Phones you will Fall in Love with and their Costs

What are the benefits of using Mcoop Cash Loan App? 

The advantage of making use of the Mcoop Loan app includes:

  • Signing up for MCo-op Cash App is quick and doesn’t cost anything
  • You can do money stuff right from your phone
  • See how much money you’ve got anytime
  • Get a paper showing all your transactions easily
  • Buy, sell, or move around shares
  • Get text messages telling you when money goes in or out
  • MCo-op Cash App is extra safe. You get a special code every time you do something with your money, so it’s sure it’s you doing it.


What is Mcoop Cash Loan?

Mcoop Cash Loan is a financial service ptovided by Co-operative Bank of Kenya through its mobile lending platform, offering instant loans without collateral or lengthy application processes.

What is the Mcoop Cash loan limit?

The Mcoop Cash loan limit ranges from Kes 100 to Kes 1 million, determined by factors like credit history, income, and repayment behavior.

What are the terms and conditions of Mcoop Cash Loan?

The loan amount ranges from Kes 100 to Kes 1 million, with a repayment period of 1 to 6 months. Eligible applicants include individuals, partnerships, businesses, and private schools. Requirements include an active business account and good borrowing history.

How can I increase my Mcoop Cash loan limit?

Repay loans on time, apply for the maximum amount offered, maintain a good credit score, and avoid defaulting on payments to increase your loan limit.

How can I get an Mcoop Cash loan?

Apply via *667#, web application, or MCo-opCash app, providing accurate information and following application instructions carefully.


In summary, Mcoop Cash, provided by the Co-operative Bank of Kenya, offers instant loans without collateral via its mobile lending platform. With transparent terms, flexible repayment, and opportunities to increase limits, it empowers users financially.

It also provides a range of financial services through its app, ensuring convenient and secure money management.

If you found this piece useful, kindly drop a nice comment. Also, visit and follow us on Instagram @Siliconafricatech to access other of our useful contents.



Share your love
Blessing Ukibe
Blessing Ukibe

Medical Student at Nnamdi Azikiwe University|Tech content expert at Silicon Africa Technology|Lover of fun books and fun fun ☺️

Articles: 123

Newsletter Updates

Enter your email address below and subscribe to our newsletter

Stay informed and not overwhelmed, subscribe now!