Equity eazzy loan app how to apply loan limit & interest

Equity eazzy loan app how to apply loan limit & interest we have compiled you all you need to know about eazzy loan app how to download, install and get loans directly to your M-PESA in simple steps. Eazzy Loan is an easy loan to get, without the need for guarantors or filled out forms. Get up to KSh3 million, instantly on your phone through the Equity Mobile App, your Equitel line or by dialing *247# where you can monitor your loan balance and make repayments. There are many advantages of using eazzy loan app compared to other mobile loans app and they include;

  1. You receive the loan instantly on your phone, saving you valuable time.
  2. It offers a flexible repayment period of up to 12 months.
  3. This loan facility is safe and secure.
  4. Loan amounts range between KSh 1,000 and KSh 3,000,000
  5. Loans are available for both one month and multiple monthly Instalments
  6. Funds from the facility are instantly available into your account

Equity eazzy loan app how to apply loan limit & interest

The first step to access eazzy loan is to know your elegibility and download their mobile app on plays tore if you are using an android smartphone;

What are the requirements for a customer to have a eazzy Account?

  1. To qualify for this loan you must have an active Equity bank account for the previous 6 months.
  2. An active Equitel Line or the Equity Mobile App or by dialing *247# using your current number.

how to download equity eazzy app

  1. Open android ‘play store’ on your smartphone ensure you have data connection.
  2. Search for ‘eazzy banking’
  3. Select ‘eazzy banking by equity Kenya’
  4. Select ‘Install’
  5. Press ‘Open’ and use the eazzy App.

How to apply for equity eazzy loan

  • Open the eazzy app
  • Select loans
  • Click on the (+) sign at the bottom right hand side
  • Select request loan
  • Select bank account that the loan should be deposited into
  • Type in the amount you would like to borrow and click enter (The sliding bar will become active and using the tool, you will be able to see payment details i.e. the loan duration, estimated amount due and estimated repayment date)
  • Click on request loan
  • Confirm details, accept the terms and conditions and click request loan
  • You will receive an SMS confirmation

To access EazzyLoan from your Equitel line:

  • Go to Equitel menu
  • Select My Money
  • Select Loans
  • Select Get Loan
  • Select Loan Type
  • Select Account
  • Enter Amount
  • Confirm Details
  • Enter PIN
  • Click on the Navigation menu (=) on the top left corner
  • Log onto EazzyApp

Reasons that can make you be denied a loan

a. You have been negatively listed on the Credit Reference Bureau for outstanding loans with other lenders.
b. You have been blacklisted on CRB
c. You have a low credit rating at CRB – Credit reference Bureau
d. You already have an existing loan.

How to grow your eazzy loan limit

a. Increase activity on your Account by transacting on other services offered on eazzy banking e.g. Deposit cash, Purchase
airtime, Pay your utility bills, Subscribe to Insurance.
b. Open and Increase savings on your savings account on eazzy
c. Increase usage of sending and receiving cash.

Eazzy loan interest rates

The CBR currently being 10 % per annum, the effective interest rate is thus 13 % per annum. This rate is subject to change as stipulated by law.

How to repay eazzy loan

  • Select loans
  • Click on the (+) sign at the bottom right hand side
  • Select request loan
  • Select bank account that the loan should be deposited into
  • Type in the amount you would like to borrow and click enter (The sliding bar will become active and using the tool, you will be able to see payment details i.e. the loan duration, estimated amount due and estimated repayment date)
  • Click on request loan
  • Confirm details, accept the terms and conditions and click request loan
  • You will receive an SMS confirmation

Eazzy loan contacts

Email: info@equitel.com
Phone: +254 763 063 000
Location: Equity Center , 8th floor

FINSERVE AFRICA LIMITED
P.O BOX 104443-00100 NAIROBI

List of mobile loan apps in Kenya

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