Equity Personal Loan
Pros
- +Quick approval within 48 hours
- +Flexible repayment up to 5 years
- +No collateral for loans up to KES 500k
- +Competitive interest rates
Compare Equity Bank and ABSA Bank side-by-side. Interest rates, fees, branch network, digital services, and customer reviews. Find out which bank is right for you.
| Feature | Equity Personal Loan Equity Bank Kenya | ABSA Personal Loan ABSA Bank Kenya |
|---|---|---|
| Interest Rate | 13% - 16% p.a. Best Rate | 14% - 16.5% p.a. |
| Loan Amount Range |
KES 50,000 - KES 5,000,000 |
KES 50,000 - KES 10,000,000 |
| Repayment Period | 6 - 60 months | 12 - 72 months |
| Fees | Processing: 2% | Processing: 2.5%% Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Both Equity Bank and ABSA Bank are reputable CBK-licensed banks in Kenya. Equity Bank has 190 branches while ABSA Bank has 80 branches. Equity Bank was established in 1984 and ABSA Bank in 1916. The best choice depends on your specific needs, location, and the type of financial product you're looking for.
Equity Bank is headquartered in Nairobi and offers 190+ branches nationwide, Strong digital banking. ABSA Bank is headquartered in Nairobi and is known for Over 100 years of banking experience, Strong international banking network. They differ in their product offerings, interest rates, fees, and branch networks.
Interest rates vary by product type. For personal loans, rates typically range from 13-18% p.a. at both banks. Equity Bank may offer lower rates for salary-backed loans, while ABSA Bank might have better rates for secured loans. Always compare specific products on PesaMarket for current rates.
Yes, you can have accounts at both Equity Bank and ABSA Bank. Many Kenyans maintain multiple bank accounts to take advantage of different products and services. Both banks offer mobile banking integration with M-Pesa for easy transfers.
Both banks have robust mobile banking apps. Equity Bank offers Equity Mobile with M-Pesa integration, while ABSA Bank provides Absa Banking App services. Check app store ratings and features that matter most to you.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.