Whether you’re a Kenyan citizen, a member of the diaspora, or a thriving business owner, Equity Bank offers a diverse range of loan products specifically designed to support your financial goals. From personal emergencies and homeownership dreams to agricultural expansion and corporate growth strategies, Equity Bank has flexible and comprehensive types of loans that cater to your unique needs.

Equity Bank has grouped the types of loans into the following categories:

  • Personal
  • SME/Small Business
  • Agribusiness
  • Chama/Group
  • Corporate
  • Diaspora

Here’s what the Equity Bank types of Loans entail:

Equity Bank Personal Loans

Salary Advance Loan

This is a short-term loan that helps customers meet their emergency needs pending their payday. You can access up to Ksh 300,00 with a flexible repayment period of up to 12 months.

Eazzy Loan

Eazzy loan allows you to borrow between Ksh 1,000 and Ksh 3 million instantly through the Equity Mobile App, Equitel line, or *247# with no guarantors or paperwork required. The loan repayment period is up to 24 months.

To be eligible, you should have an active Equity Bank account with a good credit history and regular income channeled through the account.

Home Loan

The homeownership or house loan enables Equity customers, individuals, and even groups (chamas) to purchase or complete house units or construct residential or commercial homes. The loan amount is based on your ability to pay over up to 100% of the property value for residential units (subject to eligibility and location).

The loan repayment period is up to 180 months (15 years)

However, your employer must have signed an MOU with Equity and be able to effect deductions through check-off, to qualify for this product.

 Equiloan

This loan is specifically for salaried individuals whose employers have partnered with the bank. You can access loans ranging from Ksh 30,000 to Ksh 5 million repayable up to 6 years. The repayments are automatically deducted from your salary through a check-off system.

The maximum loan you qualify for depends on your income and ability to repay.

Other personal loan products are:

Plot loans: Employed customers can buy land and repay within 10 years.

Maji Loan: Access water and sanitation equipment funding through the Equitel line or Mobile App. Repay within 12 months.

Chama/ Group Loans

Pamoja Investment Loan

This loan targets men and women in small micro-enterprise groups. The group or chama can access loans ranging from Ksh 100,000 to Ksh 20,000,000, repayable within 7 years.

Chama Investment Loan

This loan product is designed for registered groups like companies, cooperatives, and associations. It offers loans between Ksh 100,000 and Ksh 100 million, with flexible repayment terms up to 7 years.

Micro Business Loans

This loan is available to youth between 18 and 35 years and enables them to access tailored loans for working capital, purchase of fixed assets for business, and improvement of business premises.

The product provides finances to projects dealing with agriculture such as dairy and horticulture.

Fanikisha Jamii

Targets of men and women above 18 years who are in small businesses and are within groups designed for household improvement.

Borrow loans between Kshs 1,000 and Ksh 500,000 with repayment periods of up to 12 months.

Boresha Biashara Loans

This is one of the types of Equity Bank loans that target men and women above 18 years in small micro-enterprise business groups looking to expand their businesses.

The groups can borrow from Ksh 5,000 to Ksh 5 million payable within 36 months.

SME/ Small Business Loans

The types of equity bank loans in this category include:

  • Asset Finance: Acquire loans against company assets. amount depends on the ability to repay, with a repayment period going up to 5 years.
  • Development Loans: Tailored for SMEs to finance the expansion of their business and to the acquisition of business assets. Repayment up to 5 years.
  • Trade Finance: For facilitation of trade of goods and services both locally and internationally, and financing against trade documents.

Agribusiness Loans

Equity Bank offers a variety of agribusiness loans to support small-scale, medium-scale, and large-scale farmers in Kenya at various stages of their businesses.

Loans covered under this category include:

Kilimo Biashara: A 12-month loan targeting small-scale commercial food crop farmers.

Farm Input Loan: For farmers who channel their monthly produce sales through their Equity accounts. This loan enables the farmers to meet farming needs like the purchase of farm inputs.

Commercial Agriculture Loan: Caters for small and medium farmers and farming entities both in livestock and crop production without regular monthly remittances.

Seed Production Loan: This is a short-term loan designed for medium and large-scale seed growers farmers to finance production inputs and associated costs.

Food and Agriculture Youth Financing Product: This loan helps young graduates (TVET, Diploma, Bachelors, Masters) in food and agriculture launch their businesses. Financing will focus on the following areas:

  • Food Science & Technology
  • Horticulture (Hydroponics, Irrigation)
  • Animal Health & Production
  • Agricultural & Bio-systems Engineering

Corporate Loans

Equity provides corporate loans for Trade Finance, Asset Finance, and Construction.

Diaspora Loans

Caters for Kenyans abroad who wish to support their families back home and invest in their future. Loan products available to Equity customers in the diaspora include:

  • Mortgages Loans
  • Construction Loans
  • Plot Purchase Loans
  • Diaspora Credit Cards

Conclusion

Remember each loan product at has its own unique terms, including interest rates and repayment periods. Visit the official Equity Bank website for full details on each option, including fees and eligibility requirements.