Equity Bank unveils Equiloan, affordable and flexible loans to empower Kenyans

In a bid to provide financial flexibility and empower salaried employees to seize opportunities, Equity Bank has introduced Equiloan, a revolutionary loan product designed to help Kenyans make bold moves in their personal and professional lives. With unsecured loans of up to Ksh 10 million, fast approvals, and a fully digital process, Equiloan is redefining access to credit in Kenya.

Equiloan is tailor-made for salaried employees juggling work, family, and long-term goals. It offers a financial boost for a variety of needs, from launching a business to securing a dream property or pursuing a once-in-a-lifetime investment opportunity. With this product, Equity Bank aims to eliminate financial barriers that often hinder individuals from taking the next big step.

“Life is full of opportunities, and Equiloan ensures that when they arise, you have the financial flexibility to act,” said an Equity Bank representative.

Key features of Equiloan

• Generous Loan Limits: Borrow up to Ksh 10 million without collateral.
• Fast Approvals: Loan approvals are processed within 24 hours, ensuring no delays in turning your plans into reality.
• Flexible Repayment Periods: Repay over periods of up to 120 months, allowing you to manage your loan alongside other financial commitments.
• Fully Digital Process: From application to disbursement, everything happens online via the Equity Mobile App or Equity

For government employees banking with Equity, the process is even simpler—no salary remittance is required to qualify. This unique feature makes Equiloan accessible and stress-free, aligning with Equity Bank’s commitment to empowering all Kenyans.

Equiloan eliminates the hassle of paperwork and lengthy bank visits. Borrowers can apply for and manage their loans entirely online. Once approved, funds are transferred directly to the borrower’s account, streamlining the process and ensuring convenience.

“Equiloan puts financial flexibility right at your fingertips,” the bank emphasized.

Equity Bank has designed Equiloan with the borrower’s financial well-being in mind. By offering flexible repayment options and affordable rates, the product encourages responsible borrowing, enabling customers to achieve their dreams without compromising financial stability.

Equiloan represents Equity Bank’s vision of supporting the Kenyan dream, whether it’s expanding a small business, investing in real estate, or grabbing a rare investment opportunity. This innovative product underscores the bank’s dedication to fostering economic growth by enabling individuals to take control of their financial futures.

For more details or to apply, visit the Equiloan page or download the Equity Mobile App. With Equiloan, making bold moves has never been easier.