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.
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Use Lipa na M-Pesa → Paybill option.
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For Business / Paybill number enter 247247 (Equity Bank). Tuko.co.ke – Kenya news.+1
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For Account Number enter your Equity Bank account number or the specific loan reference. Money254+1
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Enter the repayment amount, then your M-Pesa PIN. Confirm transaction. Kenyans+1
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Open your phone, go to the Safaricom / M-Pesa menu.
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Select Lipa na M-Pesa.
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Choose PayBill.
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Enter 247247 as the Business / Paybill number. Tuko.co.ke – Kenya news.+2Moneyspace | Money.ke+2
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In the Account Number field, enter your Equity Bank account number (or loan reference associated with the loan). Money254+1
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Enter the amount you wish to repay.
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Enter your M-Pesa PIN, then confirm/ok.
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Wait for confirmation SMS from Safaricom and also from Equity confirming the payment.
Important Notes & Tips
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Make sure the account/loan reference is correct — wrong account number might lead to delays or misapplied payment.
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If you’ve taken an Eazzy Loan / Eazzy Loan Plus, the same PayBill number 247247 applies. Money254+1
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If only doing a partial repayment, ensure the amount covers at least any minimum required monthly repayment to avoid penalties.
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Keep transaction receipts (SMS) until loan repayment reflects in your loan account.
Sources
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Equity Bank official “How to repay Eazzy Loan via Mpesa and App” info. Money254+1
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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.
