You took an Eazzy Loan from Equity Bank, and now it’s time to pay it back. The good news is that you don’t need to visit a bank branch or stand in any queue. You can repay your Eazzy Loan directly through M-Pesa from wherever you are, in less than two minutes.
This guide walks you through exactly how to do it, what you need to know about repayment terms, and how to confirm your payment goes through without a hitch.
Everything You Need To Know About Eazzy Loan Repayment Via M-Pesa
Before you repay, it helps to understand the basics of how Eazzy Loan works. Equity Bank designed this loan to be fast, flexible, and mobile-friendly — and the repayment works the same way.
Eazzy Loan Repayment Terms at a Glance
Equity Bank gives you up to 30 days to repay your Eazzy loan. The loan amount ranges from Ksh 100 to Ksh 200,000, making it accessible whether you need a small top-up or a larger emergency fund.
The interest rate depends on your credit history and banking profile:
| Credit Profile | Interest Rate |
|---|---|
| Strong credit history | As low as 2% |
| Average credit profile | Up to 10% |
To qualify for an Eazzy Loan, you must have held an active Equity Bank account or an active Equitel line for at least 6 months. Once you qualify, repaying through M-Pesa is one of the fastest and most convenient options available to you.
Paying on time matters. Late repayments can affect your credit score and reduce the loan limits you qualify for in the future. So the moment funds are available, go ahead and clear the loan.
Step-by-Step Guide To Repaying Eazzy Loan Via M-Pesa
Follow these steps carefully to make a successful repayment. Make sure your M-Pesa account has enough funds before you begin.
Steps to repay via M-Pesa Paybill:
- Open your M-Pesa menu on your phone.
- Select Lipa na M-Pesa.
- Tap on Pay Bill.
- Enter 247263 as the business number — this is Equity Bank’s official Paybill number.
- Enter your Equity Bank account number that received the loan as the account number.
- Type in the amount you want to repay.
- Enter your M-Pesa PIN and press OK.
- Wait for a confirmation SMS from M-Pesa confirming your transaction was successful.
Once M-Pesa confirms your payment, you need to update your Eazzy Banking App:
- Open the Eazzy Banking App on your phone.
- Go to the Loans section.
- Tap Make Payment and enter the amount you just paid.
This final step inside the app ensures your loan balance reflects the payment accurately. Don’t skip it.
Key details to have ready before you pay:
- Your M-Pesa PIN
- Your Equity Bank account number (the account that received the loan)
- The exact amount you want to repay
- Equity Bank Paybill number: 247263
Tips To Avoid Common Repayment Mistakes
Making a mistake during repayment can delay your payment or send money to the wrong account. Here’s what to watch out for:
- Double-check the Paybill number. Always use 247263. A wrong digit sends your money elsewhere.
- Use the correct account number. Enter the Equity Bank account that received the loan, not any other account you may hold.
- Don’t wait until the last day. Network issues or low M-Pesa float can delay payments. Repay a day or two early to stay safe.
- Keep your M-Pesa confirmation SMS. Save it until the loan reflects as fully paid on the Eazzy Banking App.
- Repay in full when possible. Partial payments reduce your balance but interest continues to accrue on the outstanding amount.
Need Help? Contact Equity Bank Directly
If your payment doesn’t reflect after 24 hours, or if you run into any issues during repayment, reach out to Equity Bank’s customer support team:
- Phone: 0763 063 000 / 0763 026 000
Have your M-Pesa transaction code and account number ready when you call. The support team will trace your payment and resolve the issue quickly.
Repaying your Eazzy Loan via M-Pesa is genuinely straightforward once you have the right details. Follow the steps above, confirm your payment on the Eazzy Banking App, and you’ll keep your credit profile in good standing for even larger loans in the future.
