Equity Bank Kenya Limited Eazzy Plus Personal Loan Details

Rates available from as of 1st April 2021
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Equity Bank Kenya Limited

Eazzy Loan Plus
Easy Apply
Ksh1k - 3M
1 month - 3 years
Interest Rate
11% - 13% annualised
Total Cost Including Institution's Other Fees
19% - 21% annualised, year one
Requires at least 6 months active account history
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Easy Apply

Loan Type

Unsecured Loans

* Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be between 11.0% - 15%.

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 11%
  • Interest Maximum: 13%
  • Processing fee: 5%
  • Insurance Fee: 1-2%
  • Withdrawal Fee: None
  • Late Fees: 5% Flat
  • Other Fees: 20% Excise Duty on Processing fee

Disbursement Details:

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

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Auto-deductions

Eligibility Requirement:

  • Smartphone: Not required
  • CRB: Must be in good standing
  • Income: No minimum
  • Employment: Not required
  • Network: Equitel
  • History: Active account for 6 Months


Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 13%
  • Processing Fee: ksh5,000
  • Excise Duty: ksh600
  • Credit insurance: ksh1,000
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh8,932
  • Estimated Total repayment amount: ksh111,406

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.

How to Apply

Money254 Review


  • Convenient application via App or USSD
  • Formal employment not required
  • High maximum loan limit of Up-to 3 million 


  • Account must be active for at least 6 months
  • Must use Equitel network
  • Relatively high Late charges (5%)

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

Eazzy Plus Loan is an easy loan to get, without the need for guarantors or filled-out forms. You can get up to KSh3 million instantly to your account.

Who is eligible for Eazzy Plus loan?

Loan Limits and Interest Rates

How to register using the Eazzy Banking App

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

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

Eazzy Plus late fees & Penalties

Eazzy Plus App Privacy and Permissions

Eazzy Plus Loan App Sample Reviews


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