Great features

  1. Interest is at a flat rate of 25% per annum
  2. LACE is at 2%

What you require to sign up

  1. You should be an account holder with Equity Bank for at least 3 months
  2. Have a valid business with business experience of at least 1 year
  3. Have a 20-member group with minimum of 2 sub-groups having a minimum of 5 members
  4. Members are qualified to get a loan after a four-week savings and EBL Training

Why you should sign up for this product

  1. Minimum loan amount is TSh 50,000 and maximum at TSh 2,000,000
  2. Loan amount is four times the member’s savings
  3. Maximum repayment period of 6 months for first borrowers and 12 months for repeat borrowers
  4. Flexible security requirements i.e. group guarantee, weekly savings, 25% of special savings, household chattels are allowed
  5. Flexible repayment terms on monthly or weekly basis
  6. Operating your business under the same locality

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)