Great features

  1. It has a monthly interest rate of 2%
  2. You get an advance of up to 4 times your salary which is higher than most competing products e.g. Saccos

What you require to sign up

  1. You should be an active holder by remitting at least three months’ salary into your Equity account
  2. You need to present a Confirmation Letter or Introduction Letter from your employer.
  3. Why you should sign up for this product
  4. This loan is available up to 12 months.

Why you should sign up for this product

  1. The loan is easily secured, with no security requirement for up to TSh 2,000,000
  2. The repayment system is easy, with an automatic deduction of your account (on instruction).
  3. Securing the loan is fast, due to quick processing and disbursement.
  4. It has a value added feature of a loan insurance against death and disability.

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)