Equiloan is tailored to the salaried person who is looking to get funding for developmental projects or acquisition of assets. It is advanced to customers whose employers have signed an MOU with Equity.
It’s granted to customers whose employers have an MOU,on the check-off arrangement, with Equity Bank
The maximum amount lent is dependent on a customer’s ability to pay.
It has a maximum repayment period of up to 72 months.
Why you should sign up for this product
Only a few requirements are needed i.e. Pay slip, Identification documents and employment letter.
Preferential terms are offered, pegged on the employer having an MOU with Equity Bank Limited.
It’s a long-term facility, enabling the clients to pay without straining financially
Payment is deducted from source on check off, making it an easy loan recovery method.