Eazzy Loan from Equity: How to Apply, Requirements, Interest Rates, Loan Amounts, and More

Banking has evolved with technology, making it easier and more efficient for customers. Among the banking solutions leading the way is the Eazzy Loan from Equity, a quick, simple, and paperless way to access financing. But what exactly is Eazzy Loan, and how can you benefit from it? This article is designed to answer all your questions.

What is Eazzy Loan? 

Fast, Flexible, and Easy 

Eazzy Loan is a short-term loan service offered by Equity Bank, where customers can have funds sent directly to their phones. It offers a range of amounts, quick approvals, flexible payments, and competitive interest rates.

Why Choose Eazzy Loan?

Fast Application and Approval

No more paperwork! You can apply for and receive an Eazzy Loan from your phone within minutes.

Variety of Loan Amounts

Flexible loan amounts from Ksh 100 to Ksh 3,000,000 are available, catering to various needs.

Flexible Payment Options

Repayment is a breeze, with options ranging from one month to 24 months, tailored to your profile.

Competitive Interest Rates

Equity leads the way with competitive interest rates, making Eazzy Loans an affordable option.

How to Apply for an Eazzy Loan

Applying Through Equitel Line

1. Go to the Equitel menu.
2. Select My Money > Loans > Get Loan> Loan Type.
3. Select AccountAccount> Enter Amount> Confirm Details > Enter PIN.
4. The money is disbursed to your AccountAccount!

Applying Through Eazzy Banking App

1. Download and install the Eazzy Banking app.
2. Register and log in using your credentials.
3. Go to the loan section, choose the application, and fill in the details.
4. Review, submit, wait for approval, and accept the offer.
5. Money is deposited into your AccountAccount!

Repaying Your Eazzy Loan

Via Mpesa

Follow these simple steps to repay Eazzy Loan via Mpesa:

1. Select Lipa na Mpesa > PayBill > Enter 247263 as the business number.
2. Enter your Equity Bank Account Number.
3. Enter the Amount, PIN, and press OK.
4. Confirm via the Eazzy Banking App loans section.

Via Equitel Line

1. Select My Money > Loans > Pay Loan > Partial/Full Payment.
2. Select AccountAccount> Enter Amount> Confirm > Enter PIN.

Requirements and Terms

To qualify for Eazzy Loan:

• Active Equity Bank account or Equitel Line for at least six months.
• Channel income through the AccountAccount to establish a credit limit.
• Equitel SIM card for Equitel line users.

READ ALSO: How to Check HELB Loan Disbursement Status Online and USSD 

Conclusion

Eazzy Loan is transforming how we approach banking, providing instant, flexible, and competitive loans at our fingertips. Whether you need a small amount for a quick fix or a more significant sum, Eazzy Loan covers you.

Frequently Asked Questions 

1. Who is eligible for Eazzy Loan? To qualify, you should be an Equity Bank account holder for at least six months and have an active Equitel Line or Eazzy Banking App.

2. What loan amounts can I get with Eazzy Loan? Eazzy Loan offers a wide range of loan amounts, from small sums under Ksh 10,000 to larger amounts up to Ksh 3 million, depending on your profile.

3. What are the repayment options for Eazzy Loan? Repayment options are flexible, allowing you to pay back the loan within one month or extend the repayment period to up to 24 months, based on your profile and loan amount.

4. How do I repay Eazzy Loan via Mpesa? To repay Eazzy Loan via Mpesa, follow these steps:

   • Access your Mpesa Menu.
   • Select "Lipa na Mpesa."
   • Choose "PayBill."
   • Enter 247263 as the business number.
   • Provide your Equity Bank Account Number used for the loan.
   • Input the repayment amount.
   • Enter your Mpesa PIN and confirm the payment.

5. What sets Eazzy Loan apart from other loans? Eazzy Loan distinguishes itself through its fast application and approval process, flexibility in loan amounts and repayments, competitive interest rates, and easy access to funds directly on your phone.

6. Is there a customer service contact for Eazzy Loan inquiries? Yes, you can contact Equity Bank for any inquiries regarding Eazzy Loan at the following numbers: 0763063000/ 0763026000.

Disclaimer: This article provides information about Eazzy Loan from Equity Bank. It's important to note that financial decisions should be made based on your circumstances and preferences. This article is not financial advice; you should consult with a financial professional before making any decisions.