Asset Finance

Great features

Capital assets include but are not limited to, motor vehicles, construction equipment, industrial plant & machinery, agricultural equipment and office & IT based equipment.

1. Get access to loan from 100,000 Ksh to 5 million Ksh.
2. There are flexible collateral requirements including assets you purchase.
3. Loan processing and disbursement is quick.
4. Repayment terms are flexible, from 5-10 years
5. Loan amount is dependent on your ability to repay.

What you require to sign up

1. You need to be an active account holder with Equity Bank.
2. Be a member of a registered group under relevant government department, whose prime objective is to promote entrepreneurship.
3. Submit your loan purpose for financing business working capital and operational needs.
4. Submit your loan application within a reasonable time.
5. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Security

• Savings
• Co-guarantee
• The asset financed plus conventional security.

Why you should sign up for this product

• Access to financial literacy and entrepreneurship training.
• Supports the groups business
• Flexible security requirement
• Promotes savings culture
• Increase of customer income level
• Access to business development advisory services

Complaints Handling Process

• Lodge complaint at any of our branches, via call center, info@equitybank.co.ke or website: https://equitygroupholdings.com/ke/ We will record your feedback and issue you with a reference number.
• We will acknowledge you feedback within 48hours.
• If we cannot resolve the complaint immediately, we will advise on the next cause of action and when to expect feedback from us.
• We will endeavor to resolve the complaint within 7 working days. However, should we require more time to it, we will keep you updated with progress every 7 days until the complaint is resolved.
• Should the resolution not meet your satisfaction, feel free to get back to us with your concerns and we will review the issue and resolution and revert back to you.

Rights and Obligations

• T & Cs of loan facility are detailed on the offer letter.
• Customer data privacy policy is included in the offer letter.
• The rights and obligations of the borrower are detailed in the offer letter.