Development Loans

Great features

• For construction of residential or commercial premises.
• Loan tenure of up to 5 years
• Requires security

Easy Steps to get this loan

• You need to be an active account holder with Equity Bank.
• Submit your loan application indicating loan purpose and operational needs of the business
• Clearly demonstrate the existence of income that could be used to repay the loan.

What you require to sign up

1. You need to be an active account holder with Equity Bank.
2. Copy of PIN certificate of the company
3. Memorandum and articles of association for companies registered prior to 2015
4. Copy of ID/passport for all directors
5. KRA PIN certificate for all directors
6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
7. Current tax compliance certificate
8. Board of Directors resolution to borrow & pledge security duly sealed
9. Submit your loan purpose for financing business working capital and operational needs
10. Submit your loan application within a reasonable time.
11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

Why you should sign up for this product

• The products are tailored to support the specific needs of the business.
• Negotiated legal fees
• Valuation services and competitive commitment and entry fees.
• Negotiated Insurance premiums
• Advisory and business development services are also inclusive.

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.