Equity is synonymous with financial flexibility and accessibility. Eazzy Loan, for instance, stands out as a beacon of hope and convenience to thousands of users nationwide. Equity Bank has revolutionized Kenya's interactions with the banking industry, promising immediate access and simplicity. So, what are the maximum and minimum Equitel Eazzy Loan limits?
If you are an Equity Bank customer, you can easily request a mobile loan from the comfort of your phone with no paperwork, forms, or guarantors needed. Even though the Equitel Eazzy Loan limit is calculated based on the customers’ ability to repay, the loan ranges from Ksh. 1000 up to Ksh. 3,000,000.
Equitel Eazzy Loan is a financial product offered by Equity Bank Kenya. As the name suggests, Equity soft loan is designed to be easy to get and pay back. The loan service prides itself on offering a hassle-free means of funds acquisition through the elimination of traditional barriers like the need for guarantors and lengthy paperwork.
How much is the Eazzy loan limit in Kenya? The loan amount ranges between Ksh. 1,000 and Ksh.3, 000,000. Once you qualify for a loan, people with an income get to enjoy these features:
How do you increase your Eazzy loan limit online? Channelling all incomes into a single Equity Bank account increases the chances of getting a higher loan limit. However, some of the other factors determining how much you can borrow include:
To qualify for an Eazzy loan, you must meet the basic minimum requirements. Who is eligible for an Eazzy loan? The loan is eligible for anyone who meets the following prerequisites.
Accessing the Eazzy loan is designed in one of the most user-friendly and straightforward ways. Whether using the app or your mobile phone, the process is convenient and fast. Here is a detailed guide on how to apply for a loan using your Equitel line or app.
EazzyApp is Equity Bank's mobile banking application. It enables users to access various banking services, including requesting an Eazzy loan by following the steps below:
With the Equitel line, you can access mobile banking services in a few clicks. The steps to follow are;
Can you apply for an Eazzy loan without an Equity Bank account? Yes, you can apply for an Eazzy loan, but you must open an account first. Dial *247# on your mobile phone to instantly open an account.
Once the account opening process is successful, you can apply for the loan using the EazzyApp. Alternatively, you can pick up your Equitel line from the nearest Equity Bank branch and proceed with the loan application via the line.
To become a responsible borrower, it is crucial to understand the loan's terms, interest rates, and repayment process. For the Eazzy loan app, here is everything you need to know about the terms and repayment.
What is the cost of borrowing an Eazzy loan from Equity Bank? The cost varies from one borrower to another. Your banking profile and borrowing history primarily influence the difference.
What is the Eazzy loan repayment period? Equity Bank offers a flexible repayment period of up to two years. The flexibility enables users to properly manage their finances and plan their repayment schedules on time.
If you want to repay your loan, you can either use the M-pesa or Equitel line options as follows;
Whether you are an old or new Equity bank customer, the guide above is all you need to gain comprehensive information about Equitel Eazzy Loan limit. The eligibility criteria, application process, and repayment terms prove it is one of the best money-lending firms in Kenya.
Tuko.co.ke shared an article about the best banks in Kenya. There are nearly 50 banks in Kenya, but only a handful are the most popular. Also, some banks do not have branches nationwide, making it difficult to access them.
While table banking in Kenya is still standard, most people have embraced saving money or borrowing loans from banks. Therefore, it is good to know all banks in the country because different brands offer different services, and the interest rates vary.
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Equitel Eazzy Loan limit
Equitel Eazzy Loan limit explained (and ways to increase it) - Tuko.co.ke
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