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Equity Bank Eazzy Loan
Get up to KSh 3M with instant approval, no paperwork, and flexible repayment terms up to 24 months. Funds go straight to your account or mobile.
Equity Bank’s Eazzy Loan is designed for anyone in Kenya who needs quick access to funds, boasting instant disbursement with loan amounts ranging from KSh 100 to KSh 3 million. You can borrow on a short-term basis or choose up to 24 months for repayment, providing flexibility for your financial needs. There are no guarantees or forms; you only need to have been an active Equity account holder for at least 6 months and use Equitel or the EazzyApp. The tariff guide will provide all information regarding rates and applicable fees.
How to Apply for Eazzy Loan
To apply is simple and can be done from your mobile device or Equitel line. Follow these steps:
- Open your Equitel menu or the Equity Mobile App
- Select ‘My Money’ or the ‘Borrow’ option
- Choose ‘Get Loan’, then your loan type and linked account
- Enter the desired amount
- Confirm and input your PIN to finalise the process
Pros of Eazzy Loan
One major advantage is the absence of paperwork and guarantors, making it seamless for users in remote areas or those short on time. Additionally, instant loan disbursement means you don’t have to wait when the need is urgent.
Another plus is the flexibility of repayment periods, going up to 24 months. Loan eligibility tends to increase as you continue using Equity products and carrying out regular transactions through your account.
Cons of Eazzy Loan
Eazzy Loan is strictly available to those who have banked actively with Equity for six months or more, so brand-new customers may find it inaccessible. Interest rates and charges may also be comparatively higher for instant digital loans, particularly for shorter terms.
If you miss payments or fail to meet the account activity requirements, your loan limits may be negatively affected or access could be revoked.
우리의 평결
Eazzy Loan by Equity Bank is a useful option for quick borrowing for individuals and businesses alike. The speed of disbursement and lack of red tape make it stand out. However, ensure you understand all fees and maintain an active account to keep enjoying the service.