Equity Bank Kenya Loans- Equiloan, Flexi-salo loan, Salary Advance loan, Requirements..

Equity Bank Kenya Loans- Equiloan, Flexi-salo loan, Salary Advance loan, Requirements.

Equity Bank Kenya Loans.

Equity Bank Kenya Loans: Equiloan

Helps to ensure that customers are able to develop themselves through acquiring assets and to sort out personal problem.

Features

It’s a bank undertaking that is unsecured, but there is an undertaking from the employer to pay salary into the account with EBL or deduct installment at source and remit to EBL.

Usually advanced up to 60 months.The bank earns interest income on it.

Benefits

-Lasts longer, simple requirements
-Client obtains credit hence easing increase in liquidity
-Flexible
-Borrower must be in employment with an operative Equity Bank account
-Application for the facility with a clear purposeEquity Bank Kenya Loans
-Financial information/ Pay slip and copy of bank statement
-EBL must have an MOU with employer

Equity Bank Kenya Loans: Flexi-salo

Flexi-Salo (‘The Bridge’) is a loan granted to salaried clients whose companies do not have check-off arrangements with Equity Bank Ltd or not served well under the salary advance loan.

Features

Maximum Limit of up to Kshs. 2,000,000/- depending on ability to pay.

Benefits

1. It is Easy:

Flexible repayment period of up to 60 months.
No tangible security needed.

2. It is Fast:

Quick loan processing and disbursement

3. It has Added Value:

Loan insurance against death and disability

Requirements

Be an active account holder with Equity Bank
Submit their loan applications within a reasonable time
Be able to clearly demonstrate existence of other sources of income that could be utilized for loan payment

Equity Bank Kenya Loans: Salary Advance

Features

The loan is advanced up to four (4) times the average monthly net salary to help the salaried customers meet emergency needs.

Benefits

1. It is Easy:

No security requirements up to Kshs. 300,000/-
Automatic debits from customer’s accounts for repayments (on instruction), no need to travel to the bank and queue.

2. It is Fast:

Quick loan processing and disbursement

3. It has Added Value:

Loan insurance against death and disability.
Advance of up to 4 times the customer’s net salary which is higher than most competing products.

Requirements

Be an active account holder with Equity Bank
Submit their loan applications within a reasonable time
Be able to clearly demonstrate existence of other sources of income that could be utilized for loan payment

Equity Bank Kenya Loans: Contact Centre

Telephone: 0763 063 000

Email: info@equitybank.co.ke