Equity Bank Kenya
Compare all 17 products from Equity Bank Kenya in Kenya. Rates from 0%. Borrow up to Ksh 80,000,000.
Credit Cards
3Business Loans
3Fast Loans
2Equity Bank Kenya Pros & Cons
+Pros
- ✓190+ branches
- ✓190+ Equity branches for support
- ✓Flexible terms
- ✓From Equity Bank - Kenya's 2nd largest bank (trusted)
- ✓Higher loan limits up to KES 100,000
- ✓Instant approval within 1 minute
-Cons
- ✗2% processing fee
- ✗Requires Eazzy Banking app download
- ✗5% late payment fee
- ✗Monthly rates still high (120-192% APR)
- ✗Requires smartphone
- ✗Lower initial limits for new users
Eligibility Requirements
- ●National ID
- ●KRA PIN
- ●3 months payslips
- ●6 months bank statements
- ●Copy of ID/Passport
- ●KRA PIN Certificate
- ●Last 3 months payslips (if employed)
- ●Last 6 months bank statements
- ●Proof of business registration (if self-employed)
- ●Tax returns (last 2 years)
Expert Analysis
Equity Bank's Personal Loan product targets the mass market with more accessible entry requirements than competitors. The minimum income requirement of KES 15,000 makes it accessible to a broader range of borrowers than KCB or ABSA. Rates between 14-18% p.a. are competitive for unsecured lending. Equity's extensive branch network and strong mobile banking platform make applications convenient across Kenya. The bank's relationship-based approach means existing customers with good account history often receive preferential rates and faster approvals. For first-time borrowers, expect thorough income verification. The 72-hour approval window is realistic for most applications.
Equity offers lower entry barriers than KCB but slightly higher rates. Their mobile banking integration rivals digital lenders for convenience. Against ABSA, Equity wins on accessibility but ABSA may offer better rates for high-income earners.
Frequently Asked Questions
What interest rates does Equity Bank Kenya offer?
Equity Bank Kenya offers interest rates ranging from 0% to 18% across their 17 products. The exact rate depends on the product type, loan amount, and your credit profile.
What loan amounts are available from Equity Bank Kenya?
Equity Bank Kenya offers loan amounts from Ksh 1,000 up to Ksh 80,000,000 depending on the product and your eligibility.
How fast does Equity Bank Kenya disburse loans?
The fastest disbursement time from Equity Bank Kenya is Instant (1 minute). Actual processing time varies by product type and application completeness.
Does Equity Bank Kenya require CRB clearance?
Yes, Equity Bank Kenya requires CRB clearance for some or all of their products. A clean credit history improves your chances of approval and may qualify you for better rates.
How many products does Equity Bank Kenya offer on PesaMarket?
Equity Bank Kenya currently has 17 products listed on PesaMarket across 12 categories: Asset Finance, Business Loans, Credit Cards, Current Accounts, Education Loans, Fast Loans, Fixed Deposits, Money Market Funds, Mortgages, Payroll Loans, Personal Loans, Savings Accounts.
Products Available
Compare Equity Bank Kenya With
Best For
- ✓Equity Bank customers
- ✓Building credit history
- ✓Working capital needs
- ✓Long-term savers
- ✓Risk-averse investors
- ✓Emergency fund parking
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