Great features

  1. Interest is at a flat rate of 16 - 18%
  2. LACE is at 2%

What you require to sign up

  1. Should be a current account holder with Equity Bank for at least 3 months
  2. Have a registered business
  3. Have a permanent business location
  4. Have acceptable securities
  5. Show proof of reliable cash flow

Why you should sign up for this product

  1. The limit is marked up to 12 months
  2. The current account must swing or move to a credit balance at least once monthly
  3. A maximum of 50% of consistent 6 months average credit turnover
  4. It’s available only to current account holders
  5. Flexible security requirements i.e. log books, title deed, residential license, debentures, shares, Treasury Bills, etc. are accepted
  6. Overdraft limits are up to a maximum of TSh 500,000,000

Get a quick quote

You will take home

Installments (p.m)

LACE (6%)

Insurance (0.625%)

Total Interest

Total Loan

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Equity Bank is Regulated by Bank of Tanzania (BOT)