Equity Bank customers can easily request for a mobile soft loan right from the comfort of their phones, using the Equitel SIM card or the Eazzy Banking app. Equity Bank offers unsecured mobile Eazzy Loans ranging from Ksh. 100 up to Ksh. 3,000,000.
No forms, paperwork or guarantors are required to apply for the mobile loan from Equity Bank.
Currently, Equity bank charges an interest rate of 13% per annum or 1.16% per month plus additional one-time service charges.
Requirements for Eazzy Loan
You must have had an active Equity Bank account or an active Equitel line for a period of at least 6 months.
To get an Equitel SIM card, all you need is an original national identity card or an original valid passport or alien card and a valid work permit for foreigners.
You can get an Equitel SIM card from any Equity Bank branch or agent country-wide.
Before using the SIM card, you need to activate it in any of the following ways:
At any Equity Bank branch using your original national identity card.
In any Equity bank ATM using your Equity debit card.
At an Equity Agent using a POS device and your Equity debit card.
With your Equitel line activated and mobile banking services linked with your bank account, you can now request for an Equity Bank unsecured mobile loan.