Contractor & Supplier Finance

Wholesale credit lines that enable SACCOs and MFIs to on-lend to their members and manage liquidity.

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
Contract / order / certified invoices
Assignment or domiciliation of contract proceeds (as applicable)

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
- Delayed payment by the contracting authority
Transaction Process
- Application
- Credit Review & Approval
- Offering
- Security Perfection
- Disbursement
- Monitoring
Contractor & Supplier Finance

Loan amount

Loan duration in months

Interest Rate (% P.A)

First Name

Last Name

Phone number

Closest Equity Bank Branch

Referal Code

Type query here.

Was this information useful?

Tools to enable you transact with ease

Service finder

I'm looking for a

near

Terms and Conditions

Equity Bank is Regulated by the Central Bank of Kenya