Equity bank is a business model that has attracted both local and international recognition due to its exemplary financial services offered to its members.
The bank offers three personal loans to its members; Equiloan, Salary advance, Eazzy loan.
This is a product for salaried customers meant to meet development needs and acquisition of assets
Features
Granted to customers whose employers have an MOU, on the check-off arrangement, with Equity Bank
Maximum amount is dependent on a customer’s ability to pay.
Maximum repayment period of up to 72 months
Benefits
Few requirements required from the customer ie Pay slip, Identification documents and employment letter
The employer must have an MOU with Equity Bank Limited thus preferential terms
A long term facility enabling the clients to pay without straining financially
Deducted from source on check off hence easy loan recovery method
Salary Advance
Features
The loan is advanced up to Kshs. 300,000/- depending on the customer’s profile as defined by the bank from time to time to help the salaried customers meet emergency needs.
Benefits
1. It is Easy:
No security requirements up to Kshs. 300,000/-.
Automatic debits from customer’s accounts for repayments (on instruction), no need to travel to the bank and queue.
2. It is Fast:
Quick loan processing and disbursement
3. It has Added Value:
Loan insurance against death and disability.
Requirements
Be an active holder by remitting at least three month’s salary into Equity bank account
Confirmation letter / Introduction letter from employer
Eazzy Loan
This one can be accessed through Eazzy loan app. The app can be acquired from google play store. To download the Eazzy loan app click here.
