Business Loan
Equity SME Development Loan
Equity Bank
Last updated: January 14, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
13% - 16% p.a.
Loan Amount
Ksh 100,000 - Ksh 30,000,000
Approval Time
5-10 working days
Processing Fee
2.5%
Rating Breakdown
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Pros & Cons
Pros
- Large loan amounts up to KES 30M
- Competitive rates (13-16%)
- Long repayment period up to 6 years
- Free business advisory services
- Dedicated relationship manager
- Moratorium period available
Cons
- Requires 18 months business operation
- Extensive documentation needed
- Credit score check required
- Longer processing time
- Tax compliance certificate mandatory
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Product Details
Features
- Loan amounts up to KES 30M
- Extended repayment up to 6 years
- Competitive interest rates
- Working capital and asset financing
- Free business advisory and mentorship
- Dedicated relationship manager
- Moratorium period available
- Digital loan tracking via Equity Mobile App
- Multiple security options accepted
- Top-up facility for existing clients
Eligibility Requirements
Age: 23 - 70 years
0Employment: Business owner, Self-employed
Required Documents
- Copy of ID/Passport for directors
- KRA PIN Certificate (business and personal)
- Certificate of incorporation or business registration
- Last 12 months bank statements
- Management accounts or audited financials
- Business plan with financial projections
- Tax compliance certificate
- Security documents (if applicable)
Repayment Options
Standing orderM-Pesa PaybillBranch paymentMobile bankingDirect debit
Ready to Apply?
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