Great features

  1. It lends to women groups (7 to 10 members).
  2. You have access to loans
  3. It allows repayment periods of up to 18 months.
  4. Interest rates are at 1.25% per month.
  5. Meetings are held each month

What you require to sign up

  1. Be an active account holder with Equity Bank
  2. Submit loan the purpose (financing business working capital and operational needs)
  3. Submit loan applications within a reasonable time
  4. Be able to clearly demonstrate existence of other sources of income that could be utilized for loan payment

Why you should sign up for this product

  1. It facilitates group loans
  2. Loan amounts facilitated are from 20,000 to 1 Million
  3. It allows for a weekly or monthly payment mode
  4. The interest rate is at 1.67% monthly
  5. Repayment period is between 3 – 12 months

Get in touch

We would like to call you back regarding this product.

Service finder
Equity Bank is Regulated by Bank of Tanzania (BOT)