How to Pay Equity Loan via Mpesa
If you want to know how to pay Equity loan via M-Pesa, this guide shows the official steps and tips to ensure your payment is successful and on time.
Use Lipa na M-Pesa → Paybill option.
For Business / Paybill number enter 247247 (Equity Bank). Tuko.co.ke – Kenya news.+1
For Account Number enter your Equity Bank account number or the specific loan reference. Money254+1
Enter the repayment amount, then your M-Pesa PIN. Confirm transaction. Kenyans+1
Open your phone, go to the Safaricom / M-Pesa menu.
Select Lipa na M-Pesa.
Choose PayBill.
Enter 247247 as the Business / Paybill number. Tuko.co.ke – Kenya news.+2Moneyspace | Money.ke+2
In the Account Number field, enter your Equity Bank account number (or loan reference associated with the loan). Money254+1
Enter the amount you wish to repay.
Enter your M-Pesa PIN, then confirm/ok.
Wait for confirmation SMS from Safaricom and also from Equity confirming the payment.
Important Notes & Tips
Make sure the account/loan reference is correct — wrong account number might lead to delays or misapplied payment.
If you’ve taken an Eazzy Loan / Eazzy Loan Plus, the same PayBill number 247247 applies. Money254+1
If only doing a partial repayment, ensure the amount covers at least any minimum required monthly repayment to avoid penalties.
Keep transaction receipts (SMS) until loan repayment reflects in your loan account.
Sources
Equity Bank official “How to repay Eazzy Loan via Mpesa and App” info. Money254+1
Equity Bank Paybill number and deposit instructions. Moneyspace | Money.ke+1
FAQs
Q: What is the PayBill number to use when repaying my Equity loan via M-Pesa?
A: Use 247247, which is the official Equity Bank PayBill number for deposits/loan repayments. Moneyspace | Money.ke+2Money254+2
Q: What account number should I use when making the payment?
A: Enter your Equity Bank account number or the specific loan reference number given when you took the loan.
Q: Can I make partial repayments via M-Pesa?
A: Yes. You can repay fully or partially. Just enter the amount you want when prompted. Money254+1
Q: Will I immediately see that my loan has been paid?
A: Usually you’ll get SMS confirmation. The loan ledger may take some time to update depending on Equity’s processing.
Q: What happens if I enter the wrong account number?
A: It may delay your payment or misallocate it. Contact Equity Bank customer care immediately with transaction details to correct it.
