mCASH loan is a mobile loan product which allows member to borrow through the phone.
- Maximum limit is kshs 70,000/=.
- Minimum limit is kshs 1,000=.
- Qualifying loan is up to 50% member’s share deposit.
- Interest rate is 0%.
- One-off facility fee of 5% (upfront).
- Payable within 1 month with a rollover option for up to 2 months.
- You can access 3 loans at the same time within the limit.
- Full Sacco membership of at least 3 months.
- You must be registered with M-Sacco (Mobile banking platform).