Skip to content
paybillke
Calculator

Equity Eazzy Loan calculator (2026)

Model the exact net cash and total repayment on an Equity Eazzy Loan. 5% facility fee + 1.5% per month interest + 20% excise — among the lower rates available on KE mobile loans, with terms up to 12 months.

Equity Eazzy loan calculator

Min KES 100, max KES 3,000,000

Longer terms mean more total interest.

You receive (after fees)

KES 47,000

You repay

KES 50,900

≈ KES 50,900/month over 1 month

Loan amount (principal)
KES 50,000
Facility fee (5%)
-KES 2,500
Excise on facility fee (20%)
-KES 500
Net cash disbursed
KES 47,000
Interest at 1.5%/month × 1 mo
KES 750
Excise on interest (20%)
KES 150
Total repayment due
KES 50,900
Total cost of credit
KES 3,900
Effective APR
99.6%

Note: Equity Eazzy Loan is available to Equity Bank customers via the Eazzy app or USSD *247#. Interest rate is among the lower mobile-loan rates in Kenya. Standard eligibility (no CRB listing on the negative side).

By paybillke · Updated May 2026 · Equity Eazzy published rates

Independent. Not affiliated with any company listed.

Equity Bank Eazzy Loan T&Cs (5% facility fee, 1.5%/mo interest); Finance Act 2025 (20% excise on fees + interest)

Logic and copy © 2026 paybillke. Verified weekly. If you spot an error, use the report tool.

How we verify →

How Eazzy Loan compares to peers

Equity Eazzy Loan is one of the lowest-rate mobile-loan products in Kenya. The 5% facility fee + 1.5%/month interest schedule clocks in at roughly half the effective rate of a KCB M-PESA or M-Shwari loan of comparable size. The trade-off is eligibility — you need an active Equity Bank relationship with regular salary or business inflows.

On a KES 50,000 loan over 6 months: facility fee KES 2,500 + excise KES 500 + interest KES 4,500 + excise KES 900 = total cost KES 8,400, net disbursed KES 47,000, total repay KES 55,400. Monthly repayment ≈ KES 9,233. Effective APR ~36%.

How to access Eazzy Loan

  • Eazzy app — Loan → New Loan → set amount and term → confirm.
  • USSD *247# — Loans → Eazzy Loan → set amount and term.
  • Branch — for larger amounts (KES 500k+) or first-time customers, in-branch helps.

When Eazzy Loan isn't available to you

CRB-listed borrowers usually cannot access Eazzy Loan. If that's your situation, see our KCB M-PESA loan calculator — KCB still lends in those cases at a reduced cap.

Frequently asked

Is the 1.5%/month rate really that competitive?

For Kenyan mobile loans, yes. M-Shwari and KCB M-PESA charge 7-9%/month bundled. Tala and Branch charge 12-25% per repayment period. At 1.5%/month, Eazzy Loan is roughly 2x the cost of a regulated bank personal loan but materially cheaper than mobile-app loans. The trade-off is access — you need an established Equity relationship.

What is the maximum I can borrow?

Depends on your Eazzy customer tier and credit history with Equity. Caps range from KES 100,000 for new customers to KES 3,000,000+ for top-tier business customers. The Eazzy app shows your specific limit before you confirm.

Can I prepay without penalty?

Yes. Eazzy Loan allows full prepayment at any time. You save the interest portion of the remaining months; the facility fee is non-refundable.

How fast does the money arrive?

Disbursement to your Equity account is near-instant. From Equity to M-PESA via the in-app transfer or PesaLink is another 1-2 minutes, generally.

Related