Equity Bank Kenya Limited Eazzy Personal Loan Details

Rates available from as of 1st April 2021

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Equity Bank Kenya Limited

Eazzy Loan

Easy Apply

Amount

Ksh1k - 200k

Duration

1 month

Interest Rate

1.08% per loan

Total Cost Including Institution's Other Fees

7.58% per loan

Requires at least 6 months active account history

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Easy Apply

Loan Type

Unsecured Loans

Total Cost Breakdown (Loan Fees):

Monthly Interest: 1.08% (13%/12).
Processing fee: 5%
Insurance Fee: 1%
Withdrawal Fee: None
Late Fees: 5% Flat
Other Fees: 10% Excise Duty

Disbursement Details:

Institution Type: Commercial bank
Application Method: Digital
Disbursement Method: Bank account

Repayment Details:

Repayment Frequency: Bullet
Early Repayment: Allowed
Repayment Method: Auto-Deduction

Eligibility Requirement:

Smartphone: Not Required
CRB: Must be in Good standing
Income: No minimum
Employment: Not Required
Network: Equitel
History: An Active Account for 6 Months

Documents:

National ID
T&C Links

Example Representative Pricing

Loan Amount: ksh100,000
Interest Rate: 1.08%
Processing Fee: ksh5,000
Excise Duty: ksh1,000
Credit insurance: ksh1,000
Loan duration: 1 month
Estimated Total repayment amount: ksh101,080

This product is provided by Equity Bank Kenya Limited. Equity Bank Kenya Limited is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya.

‍

Money254 Review

Pros:

Convenient application via App or USSD
Formal employment not required
Fast approval time (less than 24 hours)

Cons:

Must have an active account for at least 6 months
Must use Equitel network
Relatively high Late fees ( 5%)

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How to Apply Equity Bank Eazzy Loan, App, Repayment, Fees & Contacts

Eazzy Loan is an easy loan to get, without the need for guarantors or filled out forms. Get up to KSh 200,000, instantly on your phone through the Equity Mobile App, your Equitel line or by dialing *247# where you can monitor your loan balance and make repayments.

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Equity Bank Kenya Limited Eazzy Personal Loan Details

Equity Bank Kenya Limited

Loan Type

Total Cost Breakdown (Loan Fees):

Disbursement Details:

Repayment Details:

Eligibility Requirement:

Documents:

Example Representative Pricing

Money254 Review

Pros:

Cons:

See more Personal Loans available in Kenya on Money254

How to Apply Equity Bank Eazzy Loan, App, Repayment, Fees & Contacts

Who is eligible for Eazzy Loan?

Loan Limits and Interest rates

How to register using the Eazzy Banking App

How to Apply for Your First Eazzy Loan Using the App and Equitel line

How to repay Eazzy Loan via Equitel line, Mpesa and App

Eazzy loan late fees & Penalties

Eazzy App Privacy and Permissions

Eazzy Loan App Reviews

Eazzy Loan Contacts

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