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How do I get a loan from eazzy bank?

by Rhyley Bryan

How do I get a loan from eazzy bank?

How to get a loan from Eazzy Banking App

  1. You can download Eazzy Banking App from the Google Play or App Store.
  2. Open the app.
  3. Go to loans.
  4. Tap the plus sign below.
  5. Click on request for a loan.
  6. Enter the amount and also the bank account to which the credit will be debited.
  7. Check your loan details.

How do I check my Equitel loan limit?

You can check your loan limit via your Equitel Sim Tool Kit and on Eazzy app as well….How do I Check my Eazzy Simu loan limit?

  1. Click Request loan from pre-login screen.
  2. Enter pin.
  3. Select Account that the loan should be deposited to.
  4. Select Smartphone as type of loan.
  5. Get Loan limit.

What happens if I don’t pay eazzy loan on time?

Hi Kiplangat, late payment incurs an interest of 6 % affecting your Eazzy loan limit and you are also unable to access the facility during that month. We encourage you to ensure you make your repayment in time for you to continue enjoying the service. You are able to repay the loan before the due date and borrow again.

How do I pay my helb through Equitel?

HELB Loan Repayment by Mpesa HELB Paybill Number 200800 , bank ,equitel and airtel money

  1. Insert ATM card.
  2. Key in your secret PIN number.
  3. Go to ‘Pay bills’
  4. Select ‘HELB’
  5. Enter National ID number when [email protected].

How can I borrow money from my equity?

There are various ways to take equity out of your home. They include home equity loans, home equity lines of credit (HELOCs) and cash-out refinances, each of which have benefits and drawbacks. Home equity loan: This is a second mortgage for a fixed amount, at a fixed interest rate, to be repaid over a set period.

How do you use mobile banking equity?

On your phone via USSD code

  1. Visit your Equity Branch officer in Kenya and ask for an Eazzy form,
  2. Enter your account number.
  3. Enter your national ID card for security purposes.
  4. Add your preferred mobile phone number, which you will use for all transactions conducted in the account.

How do I borrow money from Equitel?

How to apply for an Eazzy loan

  1. Go to Equitel menu.
  2. Select My Money.
  3. Select Loans.
  4. Select Get Loan.
  5. Select Loan Type.
  6. Select Account.
  7. Enter Amount.
  8. Confirm Details.

How much interest is helb?

Repaying the Undergraduate Loan HELB UG Loans are charged 4% interest per annum and is repayable up to a maximum of 120 months.

How do I pay my help loan?

Local Repayment Methods

  1. Select pay bill option.
  2. Enter HELB business number as 200800.
  3. Enter your national ID number as your account number.
  4. Enter amount you want to pay.
  5. Enter your secret PIN number.
  6. Confirm transaction and send.

Is there an appraisal with a home equity loan?

Do all home equity loans require an appraisal? In a word, yes. The lender requires an appraisal for home equity loans—no matter the type—to protect itself from the risk of default. If a borrower can’t make his monthly payment over the long-term, the lender wants to know it can recoup the cost of the loan.

How much equity can I use?

Equity is the difference between the current value of your home and how much you owe on it. For example, if your home is worth $400,000 and you still owe $220,000, your equity is $180,000. The great thing is, you can use equity as security with the banks.

How do I withdraw money from mobile Equity?

Withdrawing from an Equity agent

  1. Select My Money in the Equitel menu.
  2. Select Withdraw Money.
  3. Select Agent Withdraw.
  4. Select Account.
  5. Enter Agent Number.
  6. Enter amount.
  7. Confirm details.
  8. Enter your Pin.

What’s the difference between Equitel Eazzy Plus and Equity Bank loan?

Next big difference between these two types of loans also reveals itself in the form of loan repayment period. While the Equitel Eazzy plus loan repayment term is up to 12 months, the equity Eazzy loan repayment term is 30 days. Another thing of interest when applying for these loans is the loan limit.

How to apply for Equitel Eazzy loan in Kenya?

Well, any Kenyan becomes eligible to apply for the Equitel Eazzy loan if they have an active bank account with Equity Bank Limited. The term active in this case implies that you must have transacted through your equity account over the past six months when applying for the loan.

What’s the interest rate on an Eazzy loan?

Eazzy loan interest rates range within 2 per cent and 10 per cent per month. More specifically, Equity bank prices 1 per cent loan appraisal fee and an additional 10 per cent on the evaluation fee, as a government tax. This implies that if you borrow 2]

Is there a repayment period on Equitel line?

Yes, you can. Interestingly, there is no paperwork involved and no need for guarantors. What’s more interesting, you can monitor your loan balance and make repayments through your Equitel line or the EazzyApp. The repayment period is up to 30 days.