Equity Bank Merchant Loan for Pay with Equity (PWE) is the Bank’s mobile acquiring platform that enables mobile subscribers to pay for goods and services easily and conveniently to one merchant Till Number.
Equity provides pre-qualified credit based on the merchant’s business volume. Merchants can see the prequalified amount via the below Guide.
- Dial *247#
- Select option 6 – Borrow
- Select option 2 Get Loan
- Select option 3 Merchant loan
- You will see the Merchant loan limit
- Enter the Loan amount
- Finalize the application by entering the Mobile banking pin
The Loan is due after 7 Days with an interest of 1.35%