SME Loans

SME- Business Loan

Available to SME’s operating in Transport, Trade and Commerce, Construction, Manufacturing, Education, Health and other service sectors.
 

Benefits/Features

Eligibility

Pricing

Minimum loan amount of Tshs. 30,000,000 and maximum of Tshs. 500,000,000

Should be an account holder with Equity Bank for at least 6months

 Interest rates of 18% flat

 

Maximum repayment period of up to 36 months

Registered  business

LACE 3%

Flexible repayment period-monthly, depending on cash flow cycle

Permanent business locations

 

 

Flexible security requirements i.e. log books, title deed, Residential license,  debentures, Shares, Treasury Bills, etc

Acceptable securities

 

 

Credit Life Insurance

 

 

      SME - Development Loan

       Available to SME’s to finance expansion of a business and acquisition of business assets

       

Benefits/Features

Eligibility

Pricing

Minimum loan amount of Tshs. 50, 000,000 and max of Tshs. 500,000,000

Should be an account holder with Equity Bank for at least 6 months

 Interest rates of 16-18% flat

 

Maximum repayment period of up to 60 months

Registered  business

LACE 3%

Flexible repayment period-monthly depending on cash flow cycle

Permanent business locations

 

 

Flexible security requirements i.e. log books, title deed, residential license, debentures, shares, Treasury Bills, etc.

Acceptable securities

 

 

Credit Life Insurance

 

 

 

SME - Business Overdrafts

A facility or limit marked on a customer’s current account allowing it to be overdrawn up to a certain amount.
 

Benefits/Features

Eligibility

Pricing

Limits marked up to 12 months

Should be a current account holders with Equity Bank for at least 3 months

 Interest rates of 16-20% flat

The current account must swing or move to a credit balance at least once monthly

Registered  business

LACE 2%

Maximum of 50% of consistent 6 months average credit turnover

Permanent business locations

 

 

Available only to current account holders

Acceptable securities

 

 

Flexible security requirements i.e. log books, title deed, residential license, debentures, shares, Treasury Bills, etc

Reliable cash flow

 

 

Overdraft limits up to a maximum of Tshs. 200,000,000

 

 

 


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