This blog post will provide you with a list of Equity Bank loans and features in Kenya.
One of a bank’s duties is to assist customers with their finances. Equity Bank has been in the forefront of this by providing loans. These loans have helped many people meet their immediate financial needs.
In 1984, Equity Bank originally opened for business. Since then, the bank has grown to have the greatest clientele in the area. The low interest rates paid on loans increase customer loyalty.
Like other banks, Equity Bank provides a range of loan choices to its clients. The kind of loan that one can get depends on a number of criteria. These variables include employment status and the goal of the loan.
This is a list of different Equity Bank loans in Kenya. It also gives a quick summary of the loan’s features and service areas.
Types of Equity Bank Loans.
This is a list of different Equity Bank loans in Kenya. It also gives a quick summary of the loan’s features and service areas.
Personal Loans
You can apply for these loans to fulfill your needs. Your eligibility for this loan is based on your ability to repay it. These are a few illustrations of personal loans.
- Equiloan
Salaried employees may use this loan for personal growth. Credit is regularly made available to employees who need to buy assets.
- Salary Increase
A short-term loan is given to customers depending on the bank’s financial information. provides credit to its consumers in order to help them meet their immediate financial needs.
Salary advance loans are available to consumers for up to 12 months. This loan is only available to those who have a monthly salary.
The Eazzy Banking app provides access to Equity Bank loans. To apply for these loans, you must download the Eazzy Banking app from the Google Play store.
Merchandise Loans.
These loans are provided to customers to help them improve their living circumstances. The merchandise category includes the following credits:
The merchandise category includes the following credits:
- Maji Loan
Clients that need water service are given this loan. With the money, water supply connections, pumps, and tanks will be bought. The financing also includes a nice shallow drill and a borehole.
- Jamii Safi Loan
Customers may utilize this credit to finance the construction of pit latrines and other sanitary items. The funds will be used to combat diseases like cholera that are brought on by poor hygiene. The cost of installing sewage hookups is also covered by this loan.
To increase customer access to these services, Equity Bank has also partnered with businesses like Victoria Courts and GoTV under the Merchandise Loans program.
Home Equity Loans
Mortgage loans are provided to those who want to purchase a home or other real estate. You should fully comprehend a mortgage loan before applying for one. One of the most crucial factors to take into account is your ability to repay.
Mortgage loans may also be utilized to renovate or upgrade current homes. Thanks to these loans, a lot of families can now afford quality housing.
Auto Loans
Customers can obtain low-interest auto loans from Equity Bank with favorable terms.
Many Kenyans have been able to fulfill their dreams of purchasing cars and paying for them later thanks to Equity Bank. The bank has also made it straightforward to find acceptable cars at fair prices through partnerships with vehicle dealership companies.
The bank has also made it straightforward to find acceptable cars at fair prices through partnerships with vehicle dealership companies.
Read, How to get Auto Advance Logbook Loan in Kenya
Unsecured Loans
These are loans that are given out without any form of security. Another name for them is “Signature Loans.” Customers can apply for unsecured loans from Equity Bank based on their credit ratings.
In most cases, a customer’s ability to repay the loan with their income determines whether or not they qualify for a loan. This loan is for people who need money but don’t have the necessary assets to use as collateral.
Read, Best Unsecured Personal Loans Providers In Kenya
Conclusion
The type of loan and the length of the loan are what determine the interest rate charged on equity loans. Based on the customer’s interests, the bank advises the client on the best kind of loan to fulfill the need.
You must first open an account at an Equity Bank branch or representative before you can apply for any of the aforementioned loans. Eazzy Loans creates a virtual account, so you don’t need an Equity Bank account to use it.
