I recently took an Eazzy Loan from Equity Bank and wanted to repay it using Mpesa, but I wasn’t sure about the exact Paybill number and steps.
Since timely repayment helps avoid penalties and improves your credit profile, here’s a simple guide to help you repay your Eazzy Loan easily.
Quick Answer
To repay an Eazzy Loan via Mpesa, go to Lipa na Mpesa, select Paybill, enter 247263, use your Equity account number, input the amount, and confirm payment.
Step-by-Step: How to Repay Eazzy Loan via Mpesa
Step 1: Open Mpesa Menu
Go to Mpesa on your phone.
Step 2: Select Lipa na Mpesa
Choose “Lipa na Mpesa”.
Step 3: Select Paybill
Tap on Paybill option.
Step 4: Enter Business Number
Enter 247263.
Step 5: Enter Account Number
Input your Equity Bank account number used to receive the loan.
Step 6: Enter Amount
Enter the amount you want to repay.
Step 7: Enter PIN and Confirm
Input your Mpesa PIN and press OK.
Step 8: Receive Confirmation
You will get an Mpesa confirmation SMS.
How to Confirm Payment on Eazzy App
Step 1: Open Eazzy Banking App
Go to the loans section.
Step 2: Select “Make Payment”
Choose your loan account.
Step 3: Enter Amount
Input the repayment amount.
Step 4: Confirm Payment
Ensure the payment reflects correctly.
Important Notes Before Repayment
- Repayment period is up to 30 days
- Interest ranges between 2% and 10%
- Always use the correct account number
- Keep your Mpesa confirmation message
- Pay early to avoid penalties
Extra Tips and Best Practices
- Pay before the due date
- Clear the full amount if possible
- Double-check details before sending money
- Monitor your loan balance regularly
- Maintain a good repayment history
Common Mistakes to Avoid
- Entering wrong account number
- Paying late
- Ignoring confirmation messages
- Sending incorrect amount
- Forgetting to check loan status
FAQ
What is Eazzy Loan Mpesa Paybill number?
The Paybill number is 247263.
Can I repay partially?
Yes, but full repayment is recommended to avoid extra charges.
How do I confirm repayment?
Check via Mpesa SMS and Eazzy Banking app.
Conclusion
Repaying your Eazzy Loan via Mpesa is quick and convenient. Just use the correct Paybill, enter your account details carefully, and confirm the transaction to stay on track with your repayments.
