Whistleblowing

Online Banking

Asset & Equipment Finance

With Asset Financing, Equity Bank will help your business in its journey to achieve its bottom line by providing loans against company assets.

Great features

Finance for new and used assets
Asset serves as primary security
Repayment matched to the asset’s useful life
Covers medical equipment leasing for hospitals

What you require to sign up

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
Pro-forma invoice / quotation from the supplier
Asset valuation (for used assets)

Security

The asset financed

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

Why you should sign up for this product
- The products are tailored to support the specific needs of the business.
- Negotiated legal fees
- Valuation services and competitive commitment and entry fees.
- Negotiated Insurance premiums
- Advisory and business development services are also inclusive.
Complaints Handling Process
- Lodge complaint at any of our branches, via call center, info@equitybank.co.ke or website: https://equitygroupholdings.com/ke/ We will record your feedback and issue you with a reference number.
- We will acknowledge you feedback within 48hours.
- If we cannot resolve the complaint immediately, we will advise on the next cause of action and when to expect feedback from us.
- We will endeavor to resolve the complaint within 7 working days. However, should we require more time to it, we will keep you updated with progress every 7 days until the complaint is resolved.
- Should the resolution not meet your satisfaction, feel free to get back to us with your concerns and we will review the issue and resolution and revert back to you.
Rights and Obligations
- T & Cs of loan facility are detailed on the offer letter.
- Customer data privacy policy is included in the offer letter.
- The rights and obligations of the borrower are detailed in the offer letter.
Transaction Process
1. Application
2. Credit Review & Approval
3. Offering
4. Security perfection
5. Disbursement
6. Monitoring

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Equity Bank is Regulated by the Central Bank of Kenya

Call Toll Free: 0800 211 178

Online Banking

Asset & Equipment Finance

Great features

What you require to sign up

Security

Charges

Why you should sign up for this product

Complaints Handling Process

Rights and Obligations

Transaction Process

Get a quick quote

We would like to call you back regarding this product.

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