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How to Apply for Equity Bank Eazzy Loan

Technology has seen the rise of easy and reliable mobile loan platforms across the country. From those you can access from an app despite your personal banking preferences, to those tied to specific banks and institutions. Eazzy loan is an example of the latter type. Equity Bank affords its users the opportunity to access fast and easy loans via MPESA through the Eazzy Loan platform. Here is how.

Requirements for accessing Equitel Eazzy Loan

  1. To access the Eazzy Loan, you first must have an Equitel line on your phone. With it, Equity Bank account holders can carry out all their mobile banking and cash transfer transactions, with the added benefit of communication. Equitel lines are available at all Equity Bank branches and from all eligible Equity agents.
  2. You must have an active Equity Bank account for at least 6 months.
  3. You must be 18+ years with a valid passport or ID card, which is necessary for the line registration. For foreigners, a passport and a valid working permit will suffice.

Applying for the Eazzy Loan

  1. Once you have purchased and registered your Equitel line, go to the sim card tool kit.
  2. Choose ‘My money’ option.
  3. Choose ‘Loans’ then ‘Get loan’.
  4. Now select the ‘Eazzy loan’ option.
  5. Select ‘Account’ then enter the amount of money you would like to borrow.
  6. Confirm that all the details provided are correct before submitting the application.

Please Note

When you choose the ‘Get loan’ option, you will notice that there are two choices available i.e. Eazzy Loan and Eazzy Plus Loan. The two loans are different in the following ways:

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  • Eazzy Loan offers loan amounts between Ksh. 100 and Ksh. 200,000, while Eazzy Plus Loan has the maximum limit of Ksh. 3,000,000.
  • Eazzy Loan has a shorter payment period at 30 days, while the Eazzy Plus Loan has an extension of up to 12 months.

Eazzy Loan Interest Rates

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