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
Ksh1k - 200k
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
visit website
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


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


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


  • 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.

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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