Equity Bank Kenya offers diverse loan products for personal, business, and specialized needs, accessible via branches, app, or USSD. Below is a summary table of key loans, eligibility basics, and rates (as of early 2026; rates variable, confirm with bank).
| Loan Name | Key Eligibility | Interest Rate (approx.) | Max Amount/Repayment |
|---|---|---|---|
| Equiloan | Salaried with employer MOU, active account, other income proof | 13-18% p.a. | Up to KSh 2M / 60 months |
| Eazzy Loan | Active Equity account 6+ months, Equitel/EazzyApp, income channeled | 12-20% p.a. (reducing) | Up to KSh 1M / 12 months |
| Boostika | Equity customer, using *247#/Equitel/App, existing limit | Up to 20% p.a. | Transaction-based / Short-term |
| Salary Advance | Salaried customer, good bank profile | 15-18% p.a. | 1 month salary / 1 month |
| Equity Gold Credit Card | High-income earners | 1.5% monthly | Higher limits / Revolving |
| Classic Credit Card | Middle-income earners | 1.5% monthly | Standard limits / Revolving |
| American Express Cards | Existing customers | 1.5-2% monthly | Varies / Revolving |
| Plot Loan | Active customer, land documents | 14-16% p.a. | Property value-based / Long-term |
| Home Loan | Customers for house purchase/construction | 13-15% p.a. | Up to 90% value / 20 years |
| Maji Loan | Customers needing water/sanitation gear | 15% p.a. | Equipment-based / Short-term |
| Pamoja Investment Loan | Chama groups 12-40 members, registered | 14-18% p.a. | Group-based / Varies |
1. Equiloan
Equiloan targets salaried individuals for asset acquisition or personal development. Offered to those whose employers have an MOU with Equity Bank, it requires an active account and proof of additional income sources. No tangible security needed, with insurance against death/disability. Repay over 60 months, max KSh 2 million based on repayment capacity. Ideal for Nairobi professionals buying cars or funding education.
2. Eazzy Loan
This digital loan suits remittance or business customers seeking quick funds without paperwork. Eligibility demands an active Equity account for 6 months, Equitel line or EazzyApp usage, and income routing through Equity. Access via app/USSD up to KSh 1 million, repaid in 12 months. Perfect for emergencies like school fees in Westlands households.
3. Boostika
Boostika provides instant overdraft for transactions when funds run low. Qualify as an Equity customer actively using *247#, Equitel, or the app, with an existing loan limit. Rates apply for short-term bridging, disbursed seamlessly during payments. Great for Nairobi traders facing cashflow hiccups.
4. Salary Advance
A short-term advance for salaried clients to cover urgent needs. Bank assesses profile for eligibility—no guarantors required. Limited to one month's salary, repaid next payday at competitive rates. Essential for salaried Nairobians bridging paydays.
5. Equity Gold Credit Card
For high earners, this card offers elevated limits and perks like airport lounge access. Apply with proof of high income and good standing. Interest accrues at 1.5% monthly on unpaid balances; revolving credit. Suits Westlands executives for travel and luxury spends.
6. Classic Credit Card
Tailored for middle-income earners needing flexible credit. Requires stable income verification and active account. Same 1.5% monthly rate, with rewards on purchases. Balances everyday needs like groceries or repairs in urban homes.
7. American Express Cards (Green/Gold)
Partnered with Amex, these premium cards offer rewards and global acceptance. Existing customers qualify with income proof. Higher fees but benefits like travel insurance; 1.5-2% monthly interest. Appeals to Nairobi's frequent flyers.
8. Plot Loan
Funds land/plot purchases for residential/commercial use. Eligibility includes active account, clean CRB, and property documents. Long-term repayment with rates around 14-16%. Enables Kenyans to invest in real estate amid Nairobi's property boom.
9. Home Loan
For buying or building homes, this covers up to 90% of value. Requires title deeds, valuation, and steady income. Terms up to 20 years at 13-15%. Supports families in areas like Lavington achieving homeownership dreams.
10. Maji Loan
Short-term financing for water/sanitation equipment—no forms or guarantors. Active customers qualify easily. Repaid flexibly, aiding rural-urban Nairobi fringes with boreholes or tanks.
11. Pamoja Investment Loan
Group loan for registered chamas (12-40 members) post-business training. Needs government registration and viable project. Funds investments at group rates, empowering Nairobi saccos and merry-go-rounds.
Equity Bank's loans feature quick approvals via Eazzy Banking, CRB checks, and flexible collateral options. Rates tie to CBR (around 12% base in 2026), plus margins—always verify via *247# or branches. Nairobi borrowers benefit from widespread ATMs and agents. Consult advisors for personalized fits; apply digitally for speed.
