Equity Eazzy Loan vs Timiza and which bank app is better for SMEs
For SMEs, Equity Eazzy Loan suits larger, longer borrowing (up to KES 3 million over 24 months, personalised pricing plus an appraisal charge up to 5%), while Timiza is a short-term product (up to KES 150,000 over 30 days, 8.75% access fee or about 10.5% upfront with excise). Match the product to the need.
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Quick answer: For an SME, Equity Eazzy Loan and Timiza serve different needs. Equity Eazzy lends larger amounts, up to KES 3 million over terms up to 24 months, with personalised pricing (the Equity Bank Reference Rate plus a margin) and an appraisal charge of up to 5%. Timiza is a smaller, short-term product: up to KES 150,000 over 30 days, with an 8.75% access fee that becomes about 10.5% upfront after excise. For working capital over months, Equity fits better; for a quick small top-up, Timiza is simpler.
Equity Eazzy Loan
Eazzy Loan is built for larger, longer borrowing. Limits reach up to KES 3 million and terms up to 24 months, which suits an SME funding stock or equipment. Pricing is personalised: interest is the Equity Bank Reference Rate plus a customer-specific margin, and an appraisal or credit-evaluation charge of up to 5% (excluding tax) may apply. Because the rate is individual, the figure that matters is the one in your offer letter, not a single advertised rate.
Timiza by Absa
Timiza is a short-term mobile loan, not a long-term SME facility. The standard product lends up to KES 150,000 over 30 days. It charges an 8.75% access fee, and with 20% excise on that fee the effective upfront deduction is about 10.5%, so on a KES 10,000 loan roughly KES 8,950 reaches your wallet. A late penalty of 10% applies if you miss the due date. It is convenient for a quick gap rather than financing growth.
| Equity Eazzy Loan | Timiza | |
|---|---|---|
| Maximum | Up to KES 3 million | Up to KES 150,000 |
| Term | Up to 24 months | 30 days |
| Pricing | Reference Rate + margin; appraisal up to 5% | 8.75% access fee, about 10.5% upfront with excise |
| Best for | Working capital over months | A quick short-term top-up |
Which is better for an SME
It depends on the need. For working capital, equipment or stock that you will repay over months, Equity Eazzy's larger limit and longer term make it the better SME tool, provided you accept that the rate is personalised. For a small, short-term cash-flow gap, Timiza is faster and simpler, but its short term and upfront deduction make it a poor fit for a large or long-term need. Note that bank-backed products like these may not appear in the CBK Digital Credit Provider directory, because banks are regulated separately.
Watch the full cost
Both add charges beyond the headline rate, the appraisal fee on Equity and the access fee plus excise on Timiza, so compare the total, as our guide to hidden loan-app fees explains, and check your repayment with the total cost calculator.
Frequently asked questions
Is Equity Eazzy Loan or Timiza better for an SME?
Equity Eazzy for larger, longer borrowing (up to KES 3 million over 24 months); Timiza for a quick short-term gap (up to KES 150,000 over 30 days). Match the product to the need.
What does Timiza cost?
An 8.75% access fee, about 10.5% upfront once 20% excise is added, on a 30-day loan, plus a 10% penalty if you repay late.
What is Equity Eazzy Loan's interest rate?
It is personalised: the Equity Bank Reference Rate plus a customer-specific margin, with an appraisal charge of up to 5%. Your exact rate is in your offer letter.
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