Equity Bank customers can increase their Eazzy Loan limit from Ksh100 using the Equity Mobile App.
Eazzy Loan is a quick, easy loan facility from Equity Bank that does not require guarantors or completed forms.
Customers can access the loan from the convenience of the bank’s digital channels.
The loan amounts range from Ksh100 to Ksh 3,000,000, and customers can choose repayment periods of one month or multiple monthly instalments.
To qualify for Eazzy Loan, customers must have an active Equity Bank account for at least six months and an active Equitel line or Equity Mobile App.
The loan is disbursed instantly to the customer’s phone, saving time, and comes with a flexible repayment period of up to 24 months.
Other loans that the Bank offers include: Boostika, a topped-up loan that provides extra funds when customers are low on cash during mobile transactions.
Equiloan also provides loans ranging from Ksh30,000 to Ksh5 million for salaried employees whose employers have an MOU with the bank, with repayment periods of up to six years.
Salary Advance is a short-term loan designed for emergencies. It is repayable within 12 months, while Eazzy Loan is an instant mobile loan from Ksh100 to Ksh3 million that requires no guarantors or paperwork.
How to Apply
To access EazzyLoan from the Equity Mobile App;
- Link your Equity account (if not yet registered)
- Select “Borrow”
- Select “Get a loan”
- Select loan type
- Enter amount
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Steps to access Eazzy Loan through your Equitel line include:
- Go to Equitel menu
- Select My Money
- Select Loans
- Select Get Loan
- Select Loan Type
- Select Account
- Enter Amount
- Confirm Details
- Enter PIN
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How to Increase Your Eazzy Loan Limit from Ksh 100 via the Equity Mobile App
Here are some steps that can help increase your limit:
The bank loan limits are automatically adjusted based on account activity, including transaction history, Credit Reference Bureau (CRB) score, and existing liabilities.
To increase your borrowing power, customers are encouraged to use their accounts actively.
This includes receiving and sending money, paying bills, and making purchases through your Equity accounts.
Maintaining a good CRB score by avoiding arrears is also a key factor in increasing loan limits.
Customers should also channel their income, such as salary, business, or farm proceeds, through the account to establish a reasonable credit limit.
The bank encourages users to maintain regular activity on their accounts, as consistent usage strengthens eligibility for higher borrowing limits.
To apply for a higher loan, customers can log in to the Equity Mobile App, navigate to the loan section, select the loan type, and enter the desired amount up to their increased limit.
Alternatively, certain loans can be accessed and applied for directly via USSD by dialling 2476#.
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