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EazzyLoan Guide 2026: How to Borrow up to KES 3 Million

Eligibility, how to apply on *247#, Boostika mid-transaction overdraft, Jiokolee Credo, and the honest note that Equity does not publish a fixed interest rate.

DW
by Reviewed by Michael Mwangi 7 min read Updated 1 September 2026Verified 01 Sept 2026

EazzyLoan lets you borrow up to KES 3 million instantly from your phone if you have an active Equity Bank account or an Equitel line at least six months old. There are no forms and no guarantors. You apply through *247# or the Equity Mobile app, and the money goes to your account.

Who qualifies

You need either an active Equity Bank account, or an Equitel line that has been active for at least six months. Your limit is set by Equity based on your account and transaction history, so not everyone will see the full KES 3 million.

How to apply on *247#

  1. Dial *247# or open the Equity Mobile app.
  2. Go to My Money, then Eazzy Loans.
  3. Choose Get Loan.
  4. Select the account and the loan type.
  5. Enter the amount, confirm, and enter your PIN.
  6. You receive an SMS confirmation and the funds in your account.

To see your limit first, choose Check Loan Limit in the same menu.

Repaying

Go to My Money, then Eazzy Loans, then Pay Loan. You can choose a partial or full repayment, select the account, enter your PIN, pick the loan type and amount, and confirm.

Boostika and Jiokolee Credo

Boostika is a small overdraft that appears mid-transaction when your balance is short, so you can complete a payment or airtime purchase without exiting. It ranges from KES 100 to KES 100,000 depending on your limit, is unsecured, and is repayable within about 30 days.

Jiokolee Credo lets you borrow airtime when you run out, for a service fee of around 10 percent, recovered automatically when you next top up.

What it costs

Also worth doing before you borrow: compare against the alternatives. Our M-PESA loans compared guide covers Fuliza, M-Shwari and KCB M-PESA on a like-for-like basis. Our best loan apps in Kenya guide covers the digital lenders. If your M-PESA loan limit is stuck at zero, our why your M-PESA loan limit is zero guide explains the fixes.

Where EazzyLoan sits in the credit market

For scale context: Fuliza-led financial-services revenue on the M-PESA side was up 20.6% to KShs 9.8 billion in FY26, underwritten by NCBA and KCB. That is a much larger book than Equity's EazzyLoan-through-Equitel line, but EazzyLoan plays in a different segment because the maximum ticket is 3,000 times larger than a typical Fuliza limit. Source: Safaricom PLC Annual Report FY2026.

FAQs

How much can I borrow on EazzyLoan?
Up to KES 3 million, subject to your personal limit set by Equity based on your account and transaction history. Not everyone will see the full KES 3 million.
Do I need an Equity account?
You need an active Equity Bank account, or an Equitel line that has been active for at least six months.
What is the EazzyLoan interest rate?
Equity does not publish a fixed EazzyLoan interest rate. Check the exact cost shown to you at the point of borrowing in the app or on the USSD prompt, because that figure is the one that applies to you.
What is Boostika?
A small overdraft, KES 100 to KES 100,000, that appears mid-transaction when your balance is short so you can complete a payment or airtime purchase without exiting. Unsecured and repayable within about 30 days.
What is Jiokolee Credo?
A short airtime loan when you run out, for a service fee of around 10 percent, recovered automatically the next time you top up.
How do I repay?
On *247# go to My Money, then Eazzy Loans, then Pay Loan. Choose a partial or full repayment, select the account, enter your PIN, pick the loan type and amount, and confirm.

Further reading

Curated external sources we cite. Open in a new tab.