How To Apply for Co-op Bank Flexi Plus Salary Advance

Are you facing unexpected expenses like urgent bills, medical costs, or school fees? Co-op Bank’s Flexi Plus Salary Advance can help! This convenient loan enables you to borrow against your salary and receive the funds directly into your MCo-opCash account.

The Co-op Bank Flexi Plus Salary Advance allows you to borrow up to 1.5 times your net salary, with the coop bank flexi plus salary advance limit being a minimum of 10,000 up to a maximum of Ksh 500,000.

How the Coop Bank Flexi Plus Salary Advance benefits you

Key Features of Coop Bank Flexi Plus Salary Advance

Read Also : How to Apply for KCB Salary Advance

Eligibility and Requirements of Coop Bank Flexi Plus Salary Advance

To qualify for coop bank flexi plus salary advance:

Applying for the Coop Bank Flexi Plus Salary Advance Loan

To apply for the coop bank flexi plus salary advance :

  1. Open the MCo-opCash app or dial the coop bank salary advance ussd code *667#.
  2. Go to the “CHECK LOAN LIMIT” option.
  3. This will display your eligibility for a Flexi Plus Salary Advance.
  4. If eligible, proceed with the application process within the app.

Once you are qualified, it is just a matter of minutes to have your e-loan processed and credited to your bank account. Also, all account holders at Co-op Bank will be able to use Pesalink, a service that allows inter-bank money transfers internationally.

The bank has already incorporated Pesalink in its services, and can be accessed on MCo-op Cash via *667# or the MCo-op Cash app. Linking the accounts to Pesalink is free of charge.

To link your account and phone number to Pesalink through ATM

The service is also accessible through Co-op Kwa Jirani Agents, Co-op Bank ATMs, Co-op Bank Mobile Banking (MCo-op Cash), and all Co-op branches. PesaLink services are available to customers 24/7, allowing you to receive money into your Co-op Bank account at any time of the day.

Read Also : Everything You Need to Know About The Equity Bank Salary Advance

Coop Bank Flexi Plus Salary Advance Loan Fees and Charges

The loan charges for coop bank flexi plus salary advance include:

Important Note: The processing fee, excise duty, and insurance for the coop bank flexi plus salary advance are deducted upfront from the loan amount you receive, with 8% for a 1-month loan, 10% for a 2-month loan, and 12% for a 3-month loan.

How do I check my Coop Bank Flexi Plus Salary Advance loan balance?

To check for your coop bank flexi plus salary advance balance:

Coop Bank Flexi Plus Salary Advance Loan Repayment

Repay your coop bank flexi plus salary advance loan conveniently through your MCo-opCash account. The coop bank flexi plus salary advance  loan can be repaid in one month or three months depending on what period suits you. The repayment will be automatically deducted from your salary credited to Co-op Bank.