Staff Check-Off & Salary-Backed Loans

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

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 on loss of employment
- Reduced net pay
Transaction Process
- Application
- Credit Review & Approval
- Offering
- Security Perfection
- Disbursement
- Monitoring

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Terms and Conditions

Equity Bank is Regulated by the Central Bank of Kenya