Investment

Getting an EazzyLoan from Equity Bank Is Now Easier than A-B-C

BY Soko Directory Team · November 9, 2016 06:11 am

Equity Bank of Kenya has in the recent past undergone great transformation in a move to ensure convenience and improved service to their customers. One of the areas that have undergone transformation is the mobile banking sector, through mobile loans.

Eazzyloan, as it has been dubbed, is a mobile service that enables customers to access up to 3 million shillings instantly from Equity Bank without necessarily having to fill any forms nor having to present guarantors.

This service which can be achieved through an Equitel line, enables one to monitor their loan balances and make repayments. The launch of the EazzyApp made it even more easy since one is only required to download the application on their Android or iOS phones.

The Eazzy loan is accessible to customers who have had an active Equity Bank account for a minimum period of 6 months and an active Equitel line or the EazzyApp.

One of the advantages as to why one needs to consider their service is its convenience in terms of getting it instantly, thus saving one’s valuable time of having to travel all the way to the bank and the repayment period is up to 12 months, therefore giving one an ample time to pay without much pressure or stress. The loans are also safe and secure.

For those lacking an Equity Bank account, there is no reason to worry as one can simply dial *247# using their current mobile number then be able to open an account, after which they can pick their Equitel line from any Equity Bank branch near them.

How to access EazzyLoan from an Equitel line:

Go to Equitel menu
Select My Money
Select Loans
Select Get Loan
Select Loan Type
Select Account
Enter Amount
Confirm Details
Enter PIN
Click on the Navigation menu (=) on the top left corner
Log onto EazzyApp

How to access EazzyLoan from an EazzyApp

Select loans
Click on the (+) sign at the bottom right hand side
Select request loan
Select bank account that the loan should be deposited into
Type in the amount you would like to borrow and click enter (The sliding bar will become active and using the tool, you will be able to see payment details i.e. the loan duration, estimated amount due and estimated repayment date)
Click on request loan
Confirm details, accept the terms and conditions and click request loan
You will receive an SMS confirmation

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory