Church Development Loan

Financing for churches, dioceses, and faith-based institutions to build, expand or equip places of worship, schools, hospitals and mission projects.

Active Equity account
KYC documentation – certificate of registration/incorporation or establishing Act/Gazette notice, KRA PIN, and IDs/KRA PINs of signatories
Board/Council resolution authorizing the account or facility and appointing signatories
Audited financial statements and management accounts
Bank statements (where banking elsewhere)
Current CRB reports
Security documents and valuation reports – as applicable
Call report – for site visits and additional verification
Other supporting documents – depending on the loan purpose
Building plans, bills of quantities and approvals
Records of collections/income

Charges
- Interest rate: Equity Bank Reference Rate (EBRR) + margin, based on the customer’s risk profile
- Loan Application and Credit Evaluation (LACE) fee: up to 3%
- Excise duty: 20% of LACE
- Insurance fee: as applicable to the facility
Potential Risks
- Loan default in case of inability to pay
- Realization of security where the facility is in default
- Negative CRB listing on default
- Decline in congregational giving
Transaction Process
- Application
- Credit Review & Approval
- Offering
- Security Perfection
- Disbursement
- Monitoring
Church Development Loan

Loan amount

Loan duration in months

Interest Rate (% P.A)

First Name

Last Name

Phone number

Closest Equity Bank Branch

Referal Code

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Terms and Conditions

Equity Bank is Regulated by the Central Bank of Kenya