Equity has introduced a new feature that allows customers to complete transactions such as payments, money transfers, and airtime purchases when they have insufficient funds in their accounts.
Customers can top up any amount between Kes 100 to Kes 100,000 based on their limit and repay within 30 days.
The service is available through *247#, Equitel, and the Equity Mobile App.
This is how it works:
- When making a transaction, you’ll receive a pop-up prompt that shows your loan limit and the amount needed to complete the transaction.
- To proceed, you simply accept the top-up prompt and the terms and conditions.
- An SMS notification confirms the credit success and the transaction completion.
- The repayment terms are flexible, allowing you to repay at the end of the 30-day period or earlier. You can also top up as many times as possible within your limit.
This feature is exclusive to customers who have held Equity Bank accounts for more than six months and have a good credit history.
Each customer has a predetermined credit limit based on their account usage.
This feature enhances the convenience and experience of customers when shopping, paying bills, sending money, or buying airtime.
Customers can also make payments to the One Equity Till Number for free at over 900,000 Pay With Equity (PWE) merchants countrywide and facilitate person-to-person money transfers between Equity Bank accounts and other bank accounts.
For those who value convenience in shopping and wish to avoid the awkwardness of attempting to purchase without sufficient funds, there’s no longer a need to ask the cashier to remove items from your shopping list.
With Equity’s innovative top-up feature, you can access the financial flexibility you need to fulfill all your shopping or payment needs.
To qualify for the top-up, ensure you have an active Equity Account and an available loan limit.