Equity Bank Kenya loans include financing options for eligible salaried individuals, businesses and other borrowers. The original 2016 article described Equiloan, Flexi-Salo and Salary Advance with fixed amounts and repayment periods. Those figures should not be relied on as current offers: lending terms, products, credit criteria and pricing can change.
Official Equity Bank loan information
Types of financing to compare
- Personal or salary-linked loans: financing for eligible employed customers, depending on income, account history and lender assessment.
- Salary advance or short-term credit: where offered, an advance against expected income; current limits, fees and eligibility must be confirmed.
- Business loans: facilities for eligible small businesses and larger enterprises, based on their trading history and credit needs.
- Asset and vehicle financing: loans structured around an eligible asset purchase, subject to security and repayment terms.
- Digital borrowing: facilities shown to eligible customers through authenticated bank channels; approval is not automatic.
What happened to Equiloan and Flexi-Salo?
The older directory describes Equiloan, Flexi-Salo (‘The Bridge’) and Salary Advance as they were promoted in 2016. It quoted terms such as up to 60 months, a KSh 2 million Flexi-Salo maximum and an advance of four times monthly net salary. Those are historical product descriptions, not verified October 2026 credit limits or prices. Applicants should ask Equity whether the named product is currently available, has been replaced, or has changed conditions.
Typical loan application requirements
- Valid identification and any tax or residency documents the bank requires.
- Evidence of reliable income, such as payslips, employer records or business cash-flow statements.
- Recent bank statements and a credible borrowing purpose, where requested.
- Employer or business information and any acceptable guarantor or security documents, if applicable.
- Credit assessment and affordability checks under the lender’s current policy.
- Consent to the specific interest rate, fees, repayment schedule and other contractual terms.
How to apply for an Equity Bank loan
- Review the current loan product information on the official Equity website or with a verified bank representative.
- Check eligibility and compare total cost, not just the monthly instalment.
- Read the interest-rate basis, credit-life insurance requirements, processing fees and late-payment conditions.
- Apply through an official Equity branch, Equity Mobile or other currently authorised banking channel.
- Supply the documents requested and await a formal credit decision.
- Read the final contract and repayment schedule before accepting any disbursement.
Interest rates, fees and repayment risks
No single interest rate or loan limit applies to all Equity borrowers. Current pricing may depend on the product, bank rules, repayment period and credit profile, as well as applicable taxes and charges. A borrower should request the full repayment schedule and total amount payable. Missed repayments can produce additional costs and affect credit records, and secured loans may put pledged assets at risk.
Avoid loan scams
Do not pay an individual who promises guaranteed approval or early loan release. Avoid unofficial apps copying Equity branding, and never share an account PIN or OTP with a supposed loan officer. Verify offers through the bank’s official contact channels. This page does not guarantee credit eligibility or provide personalised financial advice.
Editorial update: October 27, 2026. Replaced obsolete fixed 2016 loan terms with current application and comparison guidance. Original permalink, publication date, author, category, tag, featured media and inline photograph preserved.
