Equity Bank has introduced a new way to access loans instantly for parents and guardians, especially with the four academic terms this year. Parents and guardians can simply dial * 247 # from Equity to apply for and receive instant loans as low as Ksh. 100 up to Ksh. 3 million.
This service is currently available on all mobile networks, including Safaricom, Telkom, Airtel and Equitel and is accessible both on smartphones and multifunction phones (Kabambe). Instant loans don’t require users to fill out or fill out physical forms, look for collateral, collateral, or collateral. The loan facility is also available on Equity Mobile App available on Google Play Store, App Store and Equity Online.
Parents and guardians can also purchase a bank check for only Ksh. 100 for tuition fees whether for elementary, secondary, college or university. This will allow them to file a fee for free at any branch or Equity agent near them. Student details will also be entered on the deposit slip at the branch or agent.
Back-to-school purchases are also made easier thanks to the Bank’s different payment methods. You can pay for your back-to-school purchases via * 247 #, the Equity mobile app, Equitel or your Equity Visa, Mastercard and Amex cards with the push of a button.
For entrepreneurs and people in business, all you need is * 247 # to borrow the amount you need to boost your business. The service also allows parents, guardians and SMEs to check their credit limit, loan status or loan balances as well as make partial or full repayments of your loans.