Staff Check-Off & Salary-Backed Loans

Loans for employees of partner institutions repaid through payroll deductions, covering personal needs, assets, development and home ownership.

Charges
- Interest rate: Equity Bank Reference Rate (EBRR) + margin, based on the customer’s risk profile
- Loan Application and Credit Evaluation (LACE) fee: up to 3%
- Excise duty: 20% of LACE
- Insurance fee: as applicable to the facility
Potential Risks
- Loan default on loss of employment
- Reduced net pay
Transaction Process
- Application
- Credit Review & Approval
- Offering
- Security Perfection
- Disbursement
- Monitoring

Loan amount

Loan duration in months

Interest Rate (% P.A)

First Name

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Phone number

Closest Equity Bank Branch

Referal Code

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Terms and Conditions

Equity Bank is Regulated by the Central Bank of Kenya