How To Apply For Equity Bank Salary Advance

How To Apply For Equity Bank Salary Advance.

To apply for Equity Bank Salary Advance, follow these step-by-step instructions:

Requirements for Equity Bank Salary Advance

Before applying, ensure you have the following:

1. Active Equity Bank Account:
   • You must be an active account holder with Equity Bank, with at least three months’ salary consistently deposited into your account.
2. Confirmation or Introduction Letter:
   • Obtain a confirmation letter or introduction letter from your employer. This serves as proof of your employment status and income.
3. Identification Documents:
   • Carry valid identification documents such as your National ID or Passport.
4. Payslip:
   • Provide your recent payslip to verify your income.

Steps to Apply for Equity Bank Salary Advance

1. Visit Nearest Equity Bank Branch:
   • Locate and visit the nearest Equity Bank branch where you will apply for the salary advance.
2. Fill and Submit Application Form:
   • Request and complete the loan application form provided by the bank. Ensure all sections are accurately filled out.
3. Loan Application Appraisal:
   • After submission, your loan application will undergo appraisal by Equity Bank. This involves the bank assessing your creditworthiness based on your profile and financial history.
4. Offer Letter Issuance:
   • Upon approval of your loan application, Equity Bank will issue an offer letter detailing the terms and conditions of the salary advance.
5. Acceptance and Meeting Sanction Conditions:
   • Review the offer letter carefully. If you agree to the terms, accept the loan offer and meet any additional sanction conditions as specified by the bank.
6. Disbursement of Loan:
   • Once you have accepted the loan offer and fulfilled all requirements (such as signing documents), Equity Bank will disburse the loan amount to your account.

Benefits of Equity Bank Salary Advance

• Preferential Terms: Enjoy favorable terms and conditions tailored to your financial situation.
• Long Term Facility: Repay the loan over a period of up to 12 months, making it easier to manage your finances.
• Convenient Repayment: Payments are deducted directly from your salary (check-off system) or from your Equity Bank account upon salary receipt.

Equity Bank Contacts

• Head Office: 9th Floor, Equity Centre, Hospital Road, Upperhill, Nairobi.
• Contact Number: 0763 000 000.