Equity Bank Introduces Boostika to Rival Fuliza

Read Time:1 Minute, 41 Second

Equity Bank has introduced Boostika, a revolutionary digital overdraft solution that provides users with instant short-term credit. Designed to cater to diverse customer needs, Boostika ensures seamless transactions even when funds are low.

Whether accessing it via Equity Bank’s *247#, Equitel, or the Equity Mobile App, customers can enjoy uninterrupted financial transactions.

Features of Boostika

With Boostika loan solution, customers can borrow amounts ranging from Ksh 100 to Ksh 100,000, based on their specific loan limit. This innovative service enhances financial accessibility by offering Equity Bank overdraft loans at competitive interest rates, making borrowing cost-effective.

Boostika charges include:

A 5% processing fee (LACE)
1% insurance fee
20% excise duty on the LACE

How to Qualify for Boostika

To access this short-term credit in Kenya, customers must:

Be active Equity Bank customers.
Maintain an account for at least six months.
Demonstrate a good loan repayment history.
Have a pre-approved loan limit.

A Step-by-Step Guide on how to Register for Boostika

Applying for Equity Bank’s digital overdraft is quick and easy. Follow these steps:

Initiate a transaction using Boostika code *247#, Equitel, or the Equity Mobile App.
A Boostika prompt will display your overdraft limit and the required amount to complete your transaction.
Acknowledge the Boostika prompt.
Review and agree to the terms and conditions.
Receive an SMS confirmation to finalize the process.

You can then use Boostika for money transfers, payments, or airtime purchases, providing a secure and seamless experience for all transactions.

Boostika Monthly Limit Review

Equity Bank conducts regular monthly reviews of your Boostika loan limit, assessing account behavior, transaction volume, and repayment history. Adjustments are made accordingly to ensure fair and responsible lending.

Read: How to Get Started with SC Juza

Why Choose Boostika?

Instant access to overdraft loans: No lengthy approval processes.
Low-interest overdraft loans in Kenya: Borrow at affordable rates.
Secure transactions: Boostika ensures safety through robust security measures.
Flexibility: Use Equity Mobile App loans or *Equity 247# services for various transaction needs.