How to Get Eazzy Loan from Equity Bank in Uganda

Get Eazzy Loan from Equity Bank-ugtechmag.com
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Why complain about being broke and yet you can get an instant loan from Equity bank with out signing any forms or providing any sureties. Individuals can get up to UGX 3,000,000 instantly on their phone as long as they are eligible with a payment period of 1 month. Here is how you can get the Eazzy Loan from Equity bank.

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Contents

What you require to sign up for Eazzy Loan

  1. To qualify for this loan you must have an active Equity bank account for the previous 6 months.
  2. Active Equity mobile banking user for the Eazzy 24/7 or Eazzy banking App.
  3. Credit limits showing maximum amounts one can borrow at a time.

How does Eazzy Equity Bank Loan Work?

1. For an individual to access the loan, they must have an active 6 months old or more Equity bank account of some sort registered with mobile banking.

2. Eazzy loan allows individuals to borrow money starting from UGX 5000 to UGX 3,000,000. However this depends on how active your account is and how much you have received on your account in its life time. There fore, you need to first check your loan limit at all times before you proceed with getting the loan.

3. The Eazzy loan can be accessed via the Eazzy app and through the 247 USSD short code anytime anywhere on your phone. If the loan request is successfully as per the Eazzy loan terms and conditions, your account will be updated instantly.

4. Individuals are supposed to clear loan in 1 month with the interest structures.

Read Also: How to Register for Equity Mobile Banking in Uganda

Eazzy Loan Charges and Interest Rates

The Eazzy Loan charges shall apply and may from time to time be subject to change without notice within the full extent permitted or demanded by law.

Eazzy Loan Charge DescriptionCharges
The interest rate on all advances including the approved amount, processing fees, and insurance costs.The interest rate chargeable shall be 4%-9% per month on a reducing balance basis.
Loan appraisal fee on fresh application.Maximum of 2% of the loan amount recoverable upfront.
Loan appraisal fee on loan rolled over.Maximum of 2% of the amount outstanding at the point of rollover.
Credit life insurance for clientsMaximum of 1% of the loan amount recoverable upfront.

How to Access the Eazzy Loan

Get Eazzy Loan via the Eazzy App

  1. Launch the Eazzy Banking App on your device.
  2. Log on into the Eazzy Banking app by entering your mobile banking pin.
  3. Click on the + icon.
  4. Select Loans from the listed menu.
  5. Choose Eazzy loan limit. Then click on Request for loans.
  6. Enter amount within your loan limit.
  7. Accept terms and conditions
  8. Enter your pin.

Read Also: How to Get Equity Bank Account Statement Online in Uganda

Use 247 USSD Code to Get Eazzy Loan from Equity Bank

  1. Dial *247# and press the call button. (Use the number you registered with mobile banking and charges apply).
  2. Enter the mobile banking pin.
  3. Select option 2, Eazzy Loans.
  4. Then select option 2, Loan limit, choose account,your loan limit will appear on the screen.
  5. Enter 00 to go back to the main menu.
  6. Next, select Eazzy Loans.
  7. Opt for option 1, Get a Loan.
  8. Select the account you want to use for acquiring the loan.
  9. Enter the amount gauging in your loan limit.
  10. Then confirm with your mobile banking pin.
  11. The money will instantly reflect on your account. Click here to check balance.