Below we provide a full list of Equity Bank Kenya loans, how to apply for the loans, features and interest rates.

Personal loans

Boostika

What does this solution entail?

This is a loan solution that allows Equity customers to complete a transaction even when running low on cash when using *247#, Equitel or Equity Mobile App. The Boostika amount is from Kshs. 100 – Kshs 100,000 based on your loan limit.

What is the minimum and maximum Boostika limit?

The minimum amount you can borrow is Ksh 100 and the maximum amount is Ksh 100,000, However, a customer can only borrow an amount within his/her loan limit.

Who qualifies for this solution?

• One must be an Equity Bank customer
• You must be sending money or making a payment using *247#, Equitel or Equity Mobile App
• You must have a loan limit to qualify for the Boostika option
• You must have an active account for a period of 6 months and above
• You should have a good repayment history

What are the repayment terms for Boostika?

The Boostika facility is repayable within 30 days.

What are the charges for Boostika?

The charges are:

• Processing Fee (LACE) 5%
• Insurance 1%
• Excise duty 20% of LACE
• Interest of 18 %pa

Equiloan

Great Features

1. Access loans from 30,000 – 5 million Ksh.
2. It’s granted to customers whose employers have an MOU, on the check-off arrangement, with Equity Bank
3. The maximum amount lent is dependent on a customer’s ability to pay.
4. It has a maximum repayment period of up to 6 years.

How to apply for Equiloan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

What you require to sign up

• Pay slip
• Identification documents
• Employment letter for check off loans and Salary advance

Security

• MOU with employer
• Check-off repayment

Salary Advance

A Salary Advance is a short-term loan advanced to a salaried customer depending on the bank’s profile of them, to help them meet their emergency need. Repayment period for this loan is up to 12 months.

Why you should sign up for this product

1. A loan of up to KSh300,000 is advanced, subject to the bank’s profile of the customer/account holder.
2. Preferential terms are offered
3. It’s a long-term facility, enabling the clients to spread repayments.
4. Payment is deducted from source on check off for ease of repayment or deducted from the customers’ accounts upon receipt of Salary.

What you require to sign up

1. You should be an active holder by remitting at least three months’ salary into your Equity account
2. You need to present a Confirmation Letter or Introduction Letter from your employer.
3. Pay slip
4. Identification documents

How to apply for Salary Advance

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

Equity Gold Credit Card

The Equity Gold Credit Card gives high income earners the freedom to enjoy higher spending limits and exclusive packages.

Ideal for

• Equity bank holders with existing credit limits or who are willing to offer cash cover as security.
• Customers who need credit cards for business or leisure/personal use.

Great features

1. The card’s chip and PIN feature means increased security while transacting. Your information will be stored in the chip while your PIN verifies your transaction.
2. The card is acceptable worldwide at all Visa branded outlets.
3. You will incur no transaction charges while paying for goods or services at merchant outlets.
4. The Gold Card allows you to withdraw money from an ATM.
5. Each time a transaction takes place, you will receive an SMS notification giving details of the transaction.
6. The card operates on revolving credit with a 45-day interest free period, and an allowance to pay back each month 20% of the outstanding balance and above.
7. We conveniently keep itemized monthly statements, giving you a breakdown of the transactions made and their corresponding times.
8. The Gold Card gives you access to affordable life insurance for you and your family.

What you require to sign up

• Existing approved credit limit or cash cover.
• KRA PIN
• Original and copy of national ID /passport.

SME/Small Business Loans

Agent Float Financing

Who is eligible for Agent Float Financing?

This loan is available to all Equity Agents.

2. How do I access Agent Float Financing?

This loan is available on both agency STK and POS. However, for first time application you will be required to visit your nearest Equity Branch to sign up.

3. How do I check my Loan limit?

Upon successful sign up at the branch, go to your Agent Equitel Line > Select My Account > Select Balance Inquiry > Enter PIN and you will receive an SMS confirmation with your loan limit.

4. How long does it take to get the loan application?

Upon successful application, the loan is available instantly into your Agent transaction account.

5. How do I grow my loan limit?

Growing your limit is easy. Simply transact more with your agent account through deposits and withdrawals. The higher the transactions, the higher the loan limit.

6. What is the loan repayment terms?

The loan has a flexible repayment period of upto 5 days at a fee of 0.5%.

7. Am I eligible for agent float financing loan if I have another loan with the bank?

Yes. You are eligible for this loan provided all the other loans are performing well and you have ability to repay this loan.

8. Can I access more than one loan at a time?

Yes, with agent float financing, you can borrow a second loan as long as you are within your loan limit.

9. Are there penalties for late re-payment?

Late repayment is highly discouraged as it lowers your loan limit and may lead to cancelation of the loan limit. Always repay your loan within 5 days to avoid the loan being charged at the Bank’s interest of 13%.

10. What happens if I fail to pay the loan within 5 days and I have not utilized the full limit?

The unutilized loan limit cannot be accessed. You will be required to repay your overdue loan to continue accessing this loan. You are encouraged to repay your loan in time so that you do not lower your loan limit.

11. Can the bank cancel my loan limit?

Yes, the loan limit can be removed if you fail to repay your loans on time, ceases to be an Equity Agent or in the event the bank deems it necessary.

12. Must I borrow the maximum loan limit allocated?

No. You can borrow any amount within your loan limit.

13. I am a super-agent can I stop a sub-agent outlet from consuming the loan limit?

Yes. All you need to do is inform the Branch for consideration and the branch will deactivate the loan limit.

Construction Loan

This is a loan facility that enables you to borrow funds towards constructing a building for residential use or as commercial premises.

Great features

1. Enjoy quick loan processing.
2. Repayment terms have been made flexible.
3. Loan tenure of up to 10 years

Easy Steps to get this loan

• You need to be an active account holder with Equity Bank.
• Submit your loan application indicating loan purpose and operational needs of the business
• Clearly demonstrate the existence of income that could be used to repay the loan.

What you require to sign up

1. You need to be an active account holder with Equity Bank.
2. Copy of PIN certificate of the company
3. Memorandum and articles of association for companies registered prior to 2015
4. Copy of ID/passport for all directors
5. KRA PIN certificate for all directors
6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
7. Current tax compliance certificate
8. Board of Directors resolution to borrow & pledge security duly sealed
9. Submit your loan purpose for financing business working capital and operational needs
10. Submit your loan application within a reasonable time.
11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Security

• The asset financed.
• Tranche disbursement
• Certificate of completion

Mortgage Finance

his is a loan facility that enables you to borrow funds towards purchasing real estate property.

Great Features

1. Enjoy quick loan processing.
2. Repayment terms have been made flexible.

What you require to sign up

1. You need to be an active account holder with Equity Bank.
2. Copy of PIN certificate of the company
3. Memorandum and articles of association for companies registered prior to 2015
4. Copy of ID/passport for all directors
5. KRA PIN certificate for all directors
6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
7. Current tax compliance certificate
8. Board of Directors resolution to borrow & pledge security duly sealed
9. Submit your loan purpose for financing business working capital and operational needs
10. Submit your loan application within a reasonable time.
11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Why you should sign up for this product

1. This includes insurance of the building.
2. The building is capable of generating income via rental income.
3. The package includes value added services such as negotiated legal fees, valuation services and competitive commitment and entry fees.
4. Investment advisory services are inclusive.
5. The repayment period on Home Purchase is a maximum 20 years while on Commercial Property Purchase it is a maximum 10 years.

Development Loans

Great Features

• For construction of residential or commercial premises.
• Loan tenure of up to 5 years
• Requires security

Easy Steps to get this loan

• You need to be an active account holder with Equity Bank.
• Submit your loan application indicating loan purpose and operational needs of the business
• Clearly demonstrate the existence of income that could be used to repay the loan.

What you require to sign up

1. You need to be an active account holder with Equity Bank.
2. Copy of PIN certificate of the company
3. Memorandum and articles of association for companies registered prior to 2015
4. Copy of ID/passport for all directors
5. KRA PIN certificate for all directors
6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
7. Current tax compliance certificate
8. Board of Directors resolution to borrow & pledge security duly sealed
9. Submit your loan purpose for financing business working capital and operational needs
10. Submit your loan application within a reasonable time.
11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Trade Finance

rade Finance is the facilitation of trade of goods and services both locally and internationally, and financing against trade documents.

Great Features

Under this facility we have the following off-the-shelf products:

Bank Guarantees : This includes all types of bank guarantees, both local and international. e.g. Bid Bonds/Tender Bonds, Performance Guarantees, Advance Payment Guarantees, Retention Bonds, Customs/Transit Bonds, Payment Guarantees and Immigration Bonds.

LPO Financing: We offer financing to our clients who have orders to provide goods or services but are limited by their cashflow.

Invoice Discounting: We discount invoices that have extended maturity dates to enable our clients to ease their cash flow constraints.

Import and Export Collections: We take care of the import and export documentation on behalf of our clients to ensure prompt payment. This method is most suitable where the contractual parties i.e. the buyer and seller trust each other.

Letters of Credit: We offer Letters of Credit thus undertaking to pay exporters/sellers on behalf of our clients (importers/buyers) provided that the stipulated terms and conditions are complied with.

Pre-shipment Financing: We provide bridging finance to exporters against an export LC or confirmed order to enable them to meet the initial costs of raw materials, production, transport and logistics.

Post-import Financing: We accommodate our clients’ post import financial needs by offsetting their import payment obligations that are still due, pending the receipt of proceeds from the sale of the imports.

*Our terms for all the products are very flexible and are at very competitive rates.

What you require to sign up

• You need to be an active account holder with Equity Bank.
• Copy of PIN certificate of the company
• Memorandum and articles of association for companies registered prior to 2015
• Copy of ID/passport for all directors
• KRA PIN certificate for all directors
• Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
• Current tax compliance certificate
• Board of Directors resolution to borrow & pledge security duly sealed
• Submit your loan purpose for financing business working capital and operational needs
• Submit your loan application within a reasonable time.
• Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Equity Gold Credit Card

The Equity Gold Credit Card gives high income earners the freedom to enjoy higher spending limits and exclusive packages.

Ideal for

• Equity bank holders with existing credit limits or who are willing to offer cash cover as security.
• Customers who need credit cards for business or leisure/personal use.

Great features

1. The card’s chip and PIN feature means increased security while transacting. Your information will be stored in the chip while your PIN verifies your transaction.
2. The card is acceptable worldwide at all Visa branded outlets.
3. You will incur no transaction charges while paying for goods or services at merchant outlets.
4. The Gold Card allows you to withdraw money from an ATM.
5. Each time a transaction takes place, you will receive an SMS notification giving details of the transaction.
6. The card operates on revolving credit with a 45-day interest free period, and an allowance to pay back each month 20% of the outstanding balance and above.
7. We conveniently keep itemized monthly statements, giving you a breakdown of the transactions made and their corresponding times.
8. The Gold Card gives you access to affordable life insurance for you and your family.

What you require to sign up

• Existing approved credit limit or cash cover.
• KRA PIN
• Original and copy of national ID /passport.

Equity Classic Credit Card

The Classic Card is designed for the middle-income earner, so that he can access credit when he needs it.

Ideal for

• Equity bank holders with existing credit limits or who are willing to offer cash cover as security.
• Customers who need credit cards for business or leisure/personal use.

Great features

1. Instead of having to sign a sales slip, your PIN verifies your transaction.
2. There’s worldwide acceptability of Visa Brand, meaning you can access your funds at all VISA branded outlets.
3. You can pay for goods and services at supermarkets, hotels, hospitals, fuel stations and other retail outlets at no charge.
4. Your card allows you to withdraw cash from the ATMs.
5. Every time you transact you will receive an SMS alert with details of the transaction as they happen.
6. Enjoy revolving credit with a 45-day interest free period. You may pay as little as 20% of your outstanding balance every month or you may pay more.
7. Enjoy convenient record keeping through itemized monthly statements which show your transaction details.
8. With the Classic Card you get access to affordable life insurance for you and your family.

What you require to sign up

• Existing approved credit limit or cash cover.
• KRA PIN
• Original and copy of national ID /passport.

Eazzy Loan

Eazzy Loan is an easy loan to get, without the need for guarantors or filled out forms. Enjoy the convenience of borrowing from the comfort of the bank’s digital channels, accessible by both regular remittance and business customers.

Great features

1. Loan amounts range between KSh 1,000 and KSh 3,000,000
2. Loans are available for both one month and multiple monthly Instalments
3. Funds from the facility are instantly available into your account

What you require to sign up

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 EazzyApp.
3. Channel your income through the account e.g. salary, farm proceeds, business income etc. so as to establish a good credit limit

Simple steps on How to get Eazzy Loan

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

To access EazzyLoan from Equity Mobile App;

• Link your Equity account (if not yet registered)
• Select “Borrow”
• Select “Get a loan”
• Select loan type
• Enter amount

Why you should sign up for this product

1. Eazzy Loan is an easy loan to get, No guarantors, No forms, no branch visits.
2. Get up to KSh 3 million instantly
3. You receive the loan instantly on your phone, saving you valuable time.
4. It offers a flexible repayment period of up to 24 months.
5. This loan facility is safe and secure.
6. Instant loan disbursement

Agent Float Financing

You now don’t have to worry about running out of cash for your Agency business. Agency float financing allows you to apply and get an instant loan to continue running your business.

The loan is availed into your Equity agent transaction account to enable you continue transacting when you run low on float.

With this loan, you will always have enough float to serve your customers who wish to deposit money or make payments at your Equity Agent.

Frequently Asked Questions

1. Who is eligible for Agent Float Financing?

This loan is available to all Equity Agents.

2. How do I access Agent Float Financing?

This loan is available on both agency STK and POS. However, for first time application you will be required to visit your nearest Equity Branch to sign up.

3. How do I check my Loan limit?

Upon successful sign up at the branch, go to your Agent Equitel Line > Select My Account > Select Balance Inquiry > Enter PIN and you will receive an SMS confirmation with your loan limit.

4. How long does it take to get the loan application?

Upon successful application, the loan is available instantly into your Agent transaction account.

5. How do I grow my loan limit?

Growing your limit is easy. Simply transact more with your agent account through deposits and withdrawals. The higher the transactions, the higher the loan limit.

6. What is the loan repayment terms?

The loan has a flexible repayment period of upto 5 days at a fee of 0.5%.

7. Am I eligible for agent float financing loan if I have another loan with the bank?

Yes. You are eligible for this loan provided all the other loans are performing well and you have ability to repay this loan.

8. Can I access more than one loan at a time?

Yes, with agent float financing, you can borrow a second loan as long as you are within your loan limit.

9. Are there penalties for late re-payment?

Late repayment is highly discouraged as it lowers your loan limit and may lead to cancelation of the loan limit. Always repay your loan within 5 days to avoid the loan being charged at the Bank’s interest of 13%.

10. What happens if I fail to pay the loan within 5 days and I have not utilized the full limit?

The unutilized loan limit cannot be accessed. You will be required to repay your overdue loan to continue accessing this loan. You are encouraged to repay your loan in time so that you do not lower your loan limit.

11. Can the bank cancel my loan limit?

Yes, the loan limit can be removed if you fail to repay your loans on time, ceases to be an Equity Agent or in the event the bank deems it necessary.

12. Must I borrow the maximum loan limit allocated?

No. You can borrow any amount within your loan limit.

13. I am a super-agent can I stop a sub-agent outlet from consuming the loan limit?

Agri-Business Loans

Kilimo Biashara

This is a short term credit facility designed to finance small scale commercial staple food crop production

Great features

1. To provide inputs financing for commercial food crop farmers
2. Loan repayment of up to 12 months based on crop cycle

How to get this loan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

What you require to sign up

1. Be an active account holder or willing to open and operate an account with Equity Bank
2. Be in commercial farming with least two (2) successful seasons/cycles and good knowledge of the market
3. Have established tenancy of production land (owned, leased or family),
4. Have a good agricultural or agribusiness experience,
5. Have the relevant business and regulatory licensing to business enterprise

Farm Inputs Loan

The Farm Inputs Loan targets farmers operating monthly remittance accounts with Equity Bank, helping them meet their farming needs i.e. purchasing farm inputs.

Great features

1. The collateral or security acceptable for this loan include sales proceeds for already sold farm produce (signed commitment and irrevocable change of pay point particulars form to be obtained); chattels mortgage over livestock, farm and household assets.
2. At least two guarantors who are active account holders in the Bank must be provided.
3. It has a maximum repayment period of 2 years.

How to get this loan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

What you require to sign up

1. Be an active account holder or willing to open and operate an account with Equity Bank
2. Be in commercial farming with least two (2) successful seasons/cycles and good knowledge of the market
3. Have established tenancy of production land (owned, leased or family),
4. Have a good agricultural or agribusiness experience,
5. Have the relevant business and regulatory licensing to business enterprises

Commercial Agriculture Loan

This loan targets medium and large-scale farmers dealing in any aspect of farming, from large-scale agricultural based foundations to medium and large-scale agricultural traders and processors.

Great features

Finances medium and large investments across the whole Agriculture Value Chain including; –

• Medium and large-scale farmers across various kinds of farming;
• Agricultural-based organizations
• Medium and Large Agricultural traders
• Agro-processors, Agro Exporters & Importers.
• Repayment period of up to 10 years

What you require to sign up

1. Be an active account holder with Equity Bank.
2. Demonstrate ability to repay the loan.
3. You should already be in commercial farming with one year experience or one successful production cycle.
4. You need to clearly demonstrate the existence of other sources of income that could be used in repayment of the loan in case of crop failure, loss of harvest and/or poor marketing due to adverse weather and/or any other factors.
5. Provide documentary evidence of ownership of farm to be used for production or a valid lease agreement covering at least two future production cycles.
6. The farming project to be financed must be within a radius of 50km from the Bank branch and easily accessible to the Bank officials.
7. You should be able and willing to provide conventional security to cover the loan.

How to get this loan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

Kilimo Maendelo Loan

This is a credit vehicle meant to facilitate farmers in undertaking farm developments such as construction of farm houses, zero grazing yards and biogas plants; purchasing of motor vehicles and land etc. and to meet social development needs.

Great features

1. The target beneficiaries of this product are farmers operating monthly remittance accounts with Equity Bank i.e. tea and dairy farmers.
2. It has a flexible repayment period of up to 24 months.

What you require to sign up

1. You should be remittance account holders with Equity Bank for a minimum period of three (3) months
2. You need to have received at least one-month remittance through your Equity Bank account and to provide a three (3) years account statement from your previous bankers.
3. In case of buy-offs, the borrower should provide formal clearance from the previous bankers to transfer remittances to Equity Bank and provide a three (3) year account statement from the said institution(s).
4. You need to demonstrate your ability to repay the loan.
5. You should provide 3 of the most recent payslips.
6. Provide documentary evidence of ownership of the farm used for production or a valid lease agreement covering at least two future seasons. The same must be signed and witnessed by a lawyer.
7. Present evidence of the subject to be financed such as pro forma invoices, bills of quantity etc.

How to get this loan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

Food and Agriculture Youth Financing Product

This is a short and medium-term credit facility designed to finance youth to establish Food and Agriculture related businesses.

The target beneficiaries of this product are professional graduates in Food & Agriculture related technical courses at TVET, Diploma, Bachelor’s and Master’s Degree level. The courses to be considered will include;

• Food Science and Technology
• Horticulture – hydroponic, irrigation systems
• Animal health and production
• Agricultural and Bio-systems engineering
• Other courses to be considered on case to case basis

Great features

• Minimum loan amount of kes. 100,000/ and a Maximum: Kes.1,000,000/-
• Repayment period period of upto 2 years

What you require to sign up

• Be a graduate from a recognized F & A related training institution having attained;
  • 2^nd upper division for Degree (including Master’s Degree Holders)
  • Distinction for Diploma OR
  • Approved certification on any technical training in Agriculture from recognized institutions.
• Be interested in establishing a business entity in line of the training specialization and background.
• Be active account holders or be willing to open and operate an account with Equity Bank (K) Ltd.
• Demonstrate ability to run viable and bankable project preferably based on the academic projects presented to the relevant department at attaining the training certification of the borrower.
• Be trained or willing to be trained on Financial Literacy, Entrepreneurship and Digital Literacy by Equity Group Foundation.
• The Borrower’s project must be of commercial nature.
• Able to contribute at least 10% of the total project cost in cash as part of the capex.
• Provide documentary evidence of tenancy of the property/premises to be used for the business in way of a valid lease agreement and/or formal confirmation of the parent’s/guardian’s property allocation.
• Provide signed contracts to purchase the produce/products from proposed buyers.

How to get this loan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

Micro Agribusiness Loan

Micro Agribusiness Loan is designed to finance small and medium agricultural producers and micro agriculture-based entrepreneurs/agro-traders.

Great features

This facility is aimed at but not limited to:

• Farmers and farming entities both in livestock and crop production without regular monthly remittances.
• Micro agricultural traders and agro-processors such as dairy processors, farm output buyers, etc. including licensed home based value addition businesses, on-farm processing and agro based micro enterprises etc.
• Agricultural service providers such as equipment hiring services, soil testing, veterinary services, commercial technical training and support etc.
• Maximum Repayment period of up to 12 months
• Flexible Mode of Repayment based on agribusiness income cycle

What you require to sign up

• Be an active account holder with Equity Bank for at least 12 months
• Be in commercial farming with experience of at least two (2) successful seasons/cycles and good knowledge of the market.
• Have the relevant licensing especially for agro-traders and processors.
• Demonstrate existence of other reliable sources of income that could be utilized in loan repayment in case of crop failure, poor harvest, poor markets etc.
• Provide documentary evidence of ownership of the farm used for production or a valid lease agreement covering at least two future seasons/cycles.

How to get this loan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.

Corporate Loans

Asset Finance

With Asset Financing, Equity Bank will help your business in its journey to achieve its bottom line by providing loans against company assets.

Great features

Capital assets include but are not limited to, motor vehicles, construction equipment, industrial plant & machinery, agricultural equipment and office & IT based equipment.

1. There are flexible collateral requirements including asset you purchase.
2. Loan processing and disbursement is quick.
3. Repayment terms are flexible.
4. Loan tenure of up to 5 years
5. Loan amount is dependent on your ability to repay.

What you require to sign up

1. You need to be an active account holder with Equity Bank.
2. Copy of PIN certificate of the company
3. Memorandum and articles of association for companies registered prior to 2015
4. Copy of ID/passport for all directors
5. KRA PIN certificate for all directors
6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
7. Current tax compliance certificate
8. Board of Directors resolution to borrow & pledge security duly sealed
9. Submit your loan purpose for financing business working capital and operational needs
10. Submit your loan application within a reasonable time.
11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Security

The asset financed

Construction Loan

This is a loan facility that enables you to borrow funds towards constructing a building for residential use or as commercial premises.

Great features

1. Enjoy quick loan processing.
2. Repayment terms have been made flexible.
3. Loan tenure of up to 10 years

Easy Steps to get this loan

• You need to be an active account holder with Equity Bank.
• Submit your loan application indicating loan purpose and operational needs of the business
• Clearly demonstrate the existence of income that could be used to repay the loan.

What you require to sign up

1. You need to be an active account holder with Equity Bank.
2. Copy of PIN certificate of the company
3. Memorandum and articles of association for companies registered prior to 2015
4. Copy of ID/passport for all directors
5. KRA PIN certificate for all directors
6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
7. Current tax compliance certificate
8. Board of Directors resolution to borrow & pledge security duly sealed
9. Submit your loan purpose for financing business working capital and operational needs
10. Submit your loan application within a reasonable time.
11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Security

• The asset financed.
• Tranche disbursement
• Certificate of completion

Trade Finance

Trade Finance is the facilitation of trade of goods and services both locally and internationally, and financing against trade documents.

Great Features

Under this facility we have the following off-the-shelf products:

Bank Guarantees : This includes all types of bank guarantees, both local and international. e.g. Bid Bonds/Tender Bonds, Performance Guarantees, Advance Payment Guarantees, Retention Bonds, Customs/Transit Bonds, Payment Guarantees and Immigration Bonds.

LPO Financing: We offer financing to our clients who have orders to provide goods or services but are limited by their cashflow.

Invoice Discounting: We discount invoices that have extended maturity dates to enable our clients to ease their cash flow constraints.

Import and Export Collections: We take care of the import and export documentation on behalf of our clients to ensure prompt payment. This method is most suitable where the contractual parties i.e. the buyer and seller trust each other.

Letters of Credit: We offer Letters of Credit thus undertaking to pay exporters/sellers on behalf of our clients (importers/buyers) provided that the stipulated terms and conditions are complied with.

Pre-shipment Financing: We provide bridging finance to exporters against an export LC or confirmed order to enable them to meet the initial costs of raw materials, production, transport and logistics.

Post-import Financing: We accommodate our clients’ post import financial needs by offsetting their import payment obligations that are still due, pending the receipt of proceeds from the sale of the imports.

*Our terms for all the products are very flexible and are at very competitive rates.

What you require to sign up

• You need to be an active account holder with Equity Bank.
• Copy of PIN certificate of the company
• Memorandum and articles of association for companies registered prior to 2015
• Copy of ID/passport for all directors
• KRA PIN certificate for all directors
• Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
• Current tax compliance certificate
• Board of Directors resolution to borrow & pledge security duly sealed
• Submit your loan purpose for financing business working capital and operational needs
• Submit your loan application within a reasonable time.
• Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Chama Loans

Pamoja Biashara Loan

This product targets men and women above 18yrs who are in small, micro enterprises for business stoking and expansion, and are within groups.

Great features

• Loan amount: up to 10M based on ability to pay
• Loan Period: up to 36 Months based on purpose

Group Eligibility Criteria

• Membership of 12 – 40 members
• Registered with the relevant government agencies.
• Group members must undergo Business
• Development services trainings offered by Equity Bank Kenya.
• Group must be registered with Equity Bank Kenya
• Existing groups from other MFI’s and Banks for a period of not less than 1 year.

Individual Members Eligibility Criteria

• Members must be 18 years and above.
• Members must be running a Micro business or willing to Start.
• Members must participate in group weekly/bi-weekly/monthly meetings.
• Mandatory Weekly/Biweekly/Monthly savings.
• Member to be registered within the group registered with the bank.
• Members must be willing to guarantee loans taken by another member.

Easy Steps to Get the product

• The members to enrol in a group/ form a group.
• Register the group with relevant government department.
• Visit the nearest branch for support.

Security

• Savings
• Household Chattels
• Group Guarantee

Pamoja Investment Loan

This product targets men and women above 18yrs who are in small micro enterprises and are within groups designed for Assets acquisition.

Great features

• Loan amount: up to 10M based on ability to pay
• Loan Period: up to 120 Months based on purpose

Group Eligibility Criteria

• Membership of 12 – 40 members
• Registered with the relevant government agencies.
• Group members must undergo Business
• Development services trainings offered by Equity Bank Kenya.
• Group must be registered with Equity Bank Kenya
• Existing groups from other MFI’s and Banks for a period of not less than 1 year.

Individual Members Eligibility Criteria

• Members must be 18 years and above.
• Members must be running a Micro business or willing to Start.
• Members must participate in group weekly/bi-weekly/monthly meetings.
• Mandatory Weekly/Biweekly/Monthly savings.
• Member to be registered within the group registered with the bank.
• Members must be willing to guarantee loans taken by another member.

Easy steps to get this loan

• The members to enrol in a group/ form a group and
• Register the group with relevant government body
• Visit the nearest branch for support

Security

• Savings
• Group guarantee
• Assets developed/purchased

Group Insurance Premium Financing

This is a loan that will facilitate payment for All Insurance premiums.

Great features

• Loan amount: up to 1M based on ability to pay
• Loan Period: up to 10 Months

Group Eligibility Criteria

• Membership of 12 – 40 members
• Registered with the relevant government agencies.
• Group members must undergo Business
• Development services trainings offered by Equity Bank Kenya.
• Group must be registered with Equity Bank Kenya
• Existing groups from other MFI’s and Banks for a period of not less than 1 year.

Individual Members Eligibility Criteria

• Members must be 18 years and above.
• Members must be running a Micro business or willing to Start.
• Members must participate in group weekly/bi-weekly/monthly meetings.
• Mandatory Weekly/Biweekly/Monthly savings.
• Member to be registered within the group registered with the bank.
• Members must be willing to guarantee loans taken by another member.

3 Easy Steps to Get the product

• The members to enrol/ form a group
• Register the group with relevant government body
• Visit the nearest branch for support

Chama Investment Loan

A product targeting local micro entrepreneurs who are in groups and wish to invest collectively

Great features

• Loan amount: 100M based on ability to pay
• Loan Period: up to 120 Months based on purpose

What you require to sign up

• All members/shareholders must be 18 years and above.
• Minimum Membership – 5
• Registered groups with proof of existence for at least 2 Years.
• Be registered with the relevant registration agencies in Kenya – Cooperatives, Sacco, Incorporated as Company, and Associations.

Easy steps to get this loan

• Incorporate the group with relevant government body
• Visit the nearest branch for support

Diaspora Chama Investment Loan

Product targeting Kenyan Diaspora who are in groups/SACCOs/Co-operatives/companies and wish to invest collectively back at home.

Great features

• 90% financing of the total cost of project.
• Loan amount: 200M based on ability to pay
• Loan Period: up to 120 Months based on purpose

What you require to sign up

• 75% or more of the members must be Kenyan Diaspora. Those that are not Diaspora must be Kenyan locals. Membership by foreigners is not allowed All members/ shareholders must be 18 years and above.
• Registered groups/SACCOs/Co-operatives with proof of existence for at least 2 years.
• Be registered with the relevant registration agencies in Kenya.
• A new or existing Equity Bank Group account; for new accounts, bank statements for current/prior accounts held in other financial institutions is required.
• Minimum membership: 5 Members

Easy steps to get this loan

• Incorporate the group with relevant government body
• Visit/Call your branch for support

Benefits of Diaspora Chama Investment Loan

• Opportunity to build savings culture.
• Access to 24 hours banking services through Multiple
• Approval Service for Joint & Group Accounts
• Opportunity to be advanced up to 3 loans running concurrently.
• Flexible repayment loan tenure
• Online free financial education and entrepreneurship training
• Relationship management/ Advisory services available

Security

• Shareholders/Directors Personal Guarantee
• Conventional Security

Pamoja Kilimo loan

This product targets men and women above 18yrs who are in small, micro enterprises in agriculture sector and are within groups.

Great features

• Loan amount: up to 10M based on ability to pay
• Loan Period: up to 60 Months based on purpose

Group Eligibility Criteria

• Membership of 12 – 40 members
• Registered with the relevant government agencies.
• Group members must undergo Business
• Development services trainings offered by Equity Bank Kenya.
• Group must be registered with Equity Bank Kenya
• Existing groups from other MFI’s and Banks for a period of not less than 1 year.

Individual Members Eligibility Criteria

• Members must be 18 years and above.
• Members must be running a Micro business or willing to Start.
• Members must participate in group weekly/bi-weekly/monthly meetings.
• Mandatory Weekly/Biweekly/Monthly savings.
• Member to be registered within the group registered with the bank.
• Members must be willing to guarantee loans taken by another member.

Easy Steps to Get the product

• The members to enrol in a group/ form a group.
• Register the group with relevant government department.
• Visit the nearest branch for support.

Benefits of Pamoja Kilimo loan

• Opportunity to build savings culture.
• Access to 24 hours banking services through Multiple
• Approval Service for Joint & Group Accounts
• Opportunity to be advanced up to 3 loans running concurrently.
• Flexible repayment loan tenure
• Free financial education and entrepreneurship training
• Relationship management/ Advisory services available

Fanikisha Jamii

This product targets men and women above 18yrs who are in small micro enterprises and are within groups designed for household improvement.

Great features

• Loan amount: up to 2M based on ability to pay
• Flexible repayment period 36 months based on purpose

Group Eligibility Criteria

• Membership of 12 – 40 members
• Registered with the relevant government agencies.
• Group members must undergo Business
• Development services trainings offered by Equity Bank Kenya.
• Group must be registered with Equity Bank Kenya
• Existing groups from other MFI’s and Banks for a period of not less than 1 year.

Individual Members Eligibility Criteria

• Members must be 18 years and above.
• Members must be running a Micro business or willing to Start.
• Members must participate in group weekly/bi-weekly/monthly meetings.
• Mandatory Weekly/Biweekly/Monthly savings.
• Member to be registered within the group registered with the bank.
• Members must be willing to guarantee loans taken by another member.

Easy Steps to get the product

• The members to enrol in a group/ form a group
• Register the group with relevant government body
• Visit the nearest branch for support.

Why you should sign up for this product

The product will provide;

• Access to financial literacy and entrepreneurship training.
• Loans for payments of Bills: – Pay school fees & pay medical bills
• Purchase household chattels.
• Electricity installation
• Clean water and sanitation-buying tanks, piping, digging well/borehole, water piping costs, water purifiers, connection fees, building latrines, water pump.
• Technology gadgets
• Clean energy products; Solar panels, solar
• Appliances, Biogas, jiko koa
• Buying Motorcycle

Benefits of Pamoja Group Loans

• Opportunity to build savings culture.
• Access to 24 hours banking services through Multiple
• Approval Service for Joint & Group Accounts
• Opportunity to be advanced up to 3 loans running concurrently.
• Flexible repayment loan tenure
• Free financial education and entrepreneurship training
• Relationship management/ Advisory services available

Diaspora Loans

Residential Mortgage & Equity Loans

Our residential mortgage product finances the purchase of a single family home or 1 condo/apartment unit on the same property. We also allow homeowners to borrow against the equity in their already owned home/condo.

Great features

• Minimum loan amount of KES 2 million. No maximum loan amount
• Up to a maximum of 15 years
• Up to 80% financing depending on the location of the property
• Competitive interest rates

What you require to sign up

Diaspora loans are only offered to applicants who meet either of the following criteria:

• Non-Resident Kenyans
• Kenyans sent on foreign missions abroad
• Kenyans with dual citizenship

The loans can be extended to individuals, joint applicants, or group (Chama) of applicants.

Required Documents For Each Applicant:

• New or existing Equity Bank account
• Identification Documents – Kenyan ID/Passport, KRA PIN, and proof of current address
• Credit report from your country of residence
• Copies of Bank statements for the past 6 months
• Complete individual tax returns for the past 3 years

Salaried Applicants:

In addition to the above, salaried applicants must provide:

• 3 latest pay slips/paystubs
• Employment letter/W-2/P60/T4

Self-Employed Applicants:

In addition to the above, self-employed applicants who earn dividends/distributions as opposed to a salary, must provide:

• Business registration documents
• Business bank statements for the last 12 months
• Business tax returns for the past 3 years
• Year-to-date management accounts (balance sheet and P&L statement)

Contact Us:

Visit Us:

Diaspora Banking, Equity Bank (Kenya) Ltd 

Equity Centre, Upper Hill, Hospital Road, Ground Floor.

P .O. Box 103098 – 00101, Nairobi. Kenya.

Commercial Mortgages & Equity Release Loans

Our commercial mortgage product finances the purchase of 2 or more houses in the same community, 2 or more condos/apartments on the same property, or an entire condo/apartment building.

Great features

• Minimum loan amount of KES 3 million for the equity release loan and KES 4 million for the commercial mortgage. No maximum loan amount
• Up to a maximum of 10 years
• Up to 80% financing depending on the location of the property
• Competitive interest rates

What you require to sign up

Diaspora loans are only offered to applicants who meet either of the following criteria:

• Non-Resident Kenyans
• Kenyans sent on foreign missions abroad
• Kenyans with dual citizenship

The loans can be extended to individuals, joint applicants, or group (Chama) of applicants.

Required Documents For Each Applicant:

• New or existing Equity Bank account
• Identification Documents – Kenyan ID/Passport, KRA PIN, and proof of current address
• Credit report from your country of residence
• Copies of Bank statements for the past 6 months
• Complete individual tax returns for the past 3 years

Salaried Applicants:

In addition to the above, salaried applicants must provide:

• 3 latest pay slips/paystubs
• Employment letter/W-2/P60/T4

Self-Employed Applicants:

In addition to the above, self-employed applicants must provide:

• Business registration documents
• Business bank statements for the last 12 months
• Business tax returns for the past 3 years
• Year-to-date management accounts (balance sheet and P&L statement)

Construction Loans

We finance the construction of single family homes and condo/apartment buildings.

Great features

• Minimum loan amount of KES 2 million. No maximum loan amount
• Up to a maximum of 10 years
• Up to 70% financing of the Bill of Quantity depending on the location of the property
• Competitive interest rates

What you require to sign up

Diaspora loans are only offered to applicants who meet either of the following criteria:

• Non-Resident Kenyans
• Kenyans sent on foreign missions abroad
• Kenyans with dual citizenship

The loans can be extended to individuals, joint applicants, or group (Chama) of applicants.

Required Documents For Each Applicant:

• New or existing Equity Bank account
• Identification Documents – Kenyan ID/Passport, KRA PIN, and proof of current address
• Credit report from your country of residence
• Copies of Bank statements for the past 6 months
• Complete individual tax returns for the past 3 years

Salaried Applicants:

In addition to the above, salaried applicants must provide:

• 3 latest pay slips/paystubs
• Employment letter/W-2/P60/T4

Self-Employed Applicants:

In addition to the above, self-employed applicants must provide:

• Business registration documents
• Business bank statements for the last 12 months
• Business tax returns for the past 3 years
• Year-to-date management accounts (balance sheet and P&L statement)

Construction Documents

• Bill of Quantity for the entire project
• Approved building plans and structural drawings
• Approved NEMA and NCA approval certificates
• Copy of the property title

Diaspora Credit Cards

Our Diaspora Kenya Shilling (KES) Credit Cards allow you to buy now and pay later.

Great features

• Visa cards are interest-free for 45 days
• AMEX cards are interest-free for 50 days
• AMEX cards also offer travel insurance, loyalty points, and airport priority pass lounge benefits
• We lend up to 90% of the cash or fixed deposit account offered as security
• Quick application process – we don’t require your income documents

What you require to sign up

Diaspora credit cards are only offered to applicants who meet either of the following criteria:

• Non-Resident Kenyans
• Kenyans sent on foreign missions abroad
• Kenyans with dual citizenship

Required Documents for Each Applicant:

• New or existing Equity Bank account
• New or existing cash or fixed deposit account which will be used as security for the credit card
• Identification Documents – Kenyan ID/Passport, KRA PIN, and proof of current address
• Completed credit card application form

Transaction Process:

• Real time Credit cards transactions for approved transactions. Billed later on the credit card statement.

Plot Purchase & Equity Loans

We finance plot purchases and allow plot owners to borrow against the equity in their already owned piece of land.

Great features

• No minimum or maximum loan amounts
• Up to a maximum of 10 years depending on the loan amount
• Up to 70% financing depending on the location of the property
• Competitive interest rates

What you require to sign up

Diaspora loans are only offered to applicants who meet either of the following criteria:

• Non-Resident Kenyans
• Kenyans sent on foreign missions abroad
• Kenyans with dual citizenship

The loans can be extended to individuals, joint applicants, or group (Chama) of applicants.

Required Documents For Each Applicant:

• New or existing Equity Bank account
• Identification Documents – Kenyan ID/Passport, KRA PIN, and proof of current address
• Credit report from your country of residence
• Copies of Bank statements for the past 6 months
• Complete individual tax returns for the past 3 years

Salaried Applicants:

In addition to the above, salaried applicants must provide:

• 3 latest pay slips/paystubs
• Employment letter/W-2/P60/T4

Self-Employed Applicants:

In addition to the above, self-employed applicants who earn dividends/distributions as opposed to a salary, must provide:

• Business registration documents
• Business bank statements for the last 12 months
• Business tax returns for the past 3 years
• Year-to-date management accounts (balance sheet and P&L statement)

Diaspora Chama Investment Loan

Product targeting Kenyan Diaspora who are in groups/SACCOs/Co-operatives/companies and wish to invest collectively back at home.

Great features

• 90% financing of the total cost of project.
• Loan amount: 200M based on ability to pay
• Loan Period: up to 120 Months based on purpose

What you require to sign up

• 75% or more of the members must be Kenyan Diaspora. Those that are not Diaspora must be Kenyan locals. Membership by foreigners is not allowed All members/ shareholders must be 18 years and above.
• Registered groups/SACCOs/Co-operatives with proof of existence for at least 2 years.
• Be registered with the relevant registration agencies in Kenya.
• A new or existing Equity Bank Group account; for new accounts, bank statements for current/prior accounts held in other financial institutions is required.
• Minimum membership: 5 Members

Easy steps to get this loan

• Incorporate the group with relevant government body
• Visit/Call your branch for support