Eazzy Loan | Access up to 200K and Ksh 3,000,000. on Eazzy Plus Loans

Many people are attracted to mobile loans when it comes to seeking credit because they are easier to access and are disbursed faster.

Eazzy loan app from Equity Bank limited is one such mobile loan app.

It is perfected through the Equitel app.

Equitel is an easy-to-use and secure mobile phone platform that helps you manage your money and carry out all your financial transactions on your palm.

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How to contact the Eazzy loan app.

Contacts: –

Eazzy Loan app Terms and Conditions.

FAQs

Eligibility.

You become eligible to apply for Eazzy loans if you have an active bank account with Equity Bank.

The term active in this case means that you must have transacted through your equity account over the previous six months when applying for the loan.

You should also have an Equitel sim card on your phone.

Interest.

Equitel mobile loan interest rates range between 2% and 10 % per month.

More specifically, Equity bank prices 1 percent loan appraisal fee and an additional 10 percent on the evaluation fee, as a government tax.

This implies that if you borrow 2,000 Kenya shillings:

1. The loan appraisal fee charged by Equity Bank is 1 percent of Ks. 2,000 which is equal to Kshs. 20.

2. The Kenyan government’s tax  is 10 percent of the appraisal fee (Ksh. 20) Kshs. 2

3. This implies that the total charges are Ksh. 22 beside a monthly interest rate of 1.16 percent (A reducing balance).

Eazzy Credit Limits.

There are two types of Eazzy loans, Eazzy Loan and Eazzy plus loan.

For the Eazzy loan, you can obtain any amount between Ksh. 100 and Ksh. 200,000 while for the Eazzy plus loan, you can acquire up to Ksh 3,000,000.

Penalties.

Failure to repay a loan may lead to your details being forwarded to the CRB.

Rewards.

You are rewarded by higher loan limits for paying your loans on time.

What is unique about Equitel Its Loans?

• You can use your Equitel line to send and receive cash.
• Just like a normal sim card the line can send and receive messages. It can also access the internet.
• You can pay to any sellers equity account from the equitel line.
• You can settle your bills through Equitel loan.

Testimonials.

Equitel loan has helped a lot of small businesses, is reliable, and very easy to use.

Who can benefit from Eazzy Loans.

• Small business owners.
• Citizens who have an account with Equity bank.

Helpful Article: – Jiwezeshe Loan | Access Instant Mobile Loan Via App or USSD Code.