Equity Bank Salary Advance is a short-term loan designed to help you cover unexpected expenses until your next paycheck arrives. The loan must be repaid within 12 months, and you can borrow up to 4 times your net salary, with a maximum of KSh 300,000.

Here’s what you need to know before you borrow:

Features of Equity Bank Salary Advance Loan

  • Borrow up to 4 times your net salary, with a maximum of KSh 300,000. The exact amount you qualify for depends on your creditworthiness and banking history with Equity Bank.
  • Flexible repayment period of up to 12 months.
  • You can apply online through the Equity mobile app, dial *247#, Equitel, or visit your nearest Equity Bank branch.

Interest Rates

The interest rate plus other charges add up to 18% per year. Be sure to review the full tariff guide for all applicable charges before applying.


  • You should have an active account where you salary has been passing through for at least three months.
  • A confirmation letter or introduction letter from your employer.
  • Pay slip
  • Identification documents

How to Apply for Equity Bank Salary Advance Loan

Here’s how to apply through an Equity Bank Branch and mobile app:

1. Branch application:

  • Visit your nearest Equity Bank branch.
  • Fill out and submit a loan application form. You can obtain this form at the branch.
  • Provide the following documents:
    • Payslip(s)
    • Valid identification documents (ID or passport)
    • Employment letter confirming salary check-off deductions (if applicable)
  • The bank will appraise your application and notify you of their decision.
  • Upon approval, you’ll receive an offer letter.
  • Accept the offer, return the letter, and meet any additional requirements.
  • The loan will be disbursed to your account.

2. Mobile app (Kenya only):

  • Download the Equity Mobile App and finish the registration.
  • Log in to the app.
  • Select “Borrow” from the menu.
  • Choose “Salary Advance” as the loan type.
  • Enter your desired loan amount.
  • Review and accept the terms and conditions.
  • Submit your application.
  • The app will guide you through the rest of the process, including document submission and loan acceptance.


Equity Bank Salary Advance loan can provide quick cash for unexpected needs, but remember the 18% annual interest rate. Explore other options and ensure you can comfortably repay within 12 months. Borrow responsibly!