Letshego SME Loans Details

Rates available from as of 1st April 2021
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Letshego

SME Loans
Amount
Ksh300k - 15M
Duration
1 Month - 36 Months
Total Cost
21.5% annualized (year 1)
Business Permit Required
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Loan Cost

  • Interest: 17.5%
  • Application Fee: 0
  • Processing Fee: 4%

Loan structure

  • Type: Secured
  • Interest structure: Reducing Balance
  • Security needed: Log book

Loan  Details

  • Loan size: SME
  • Minimum tenure: 1 Months
  • Max tenure: 36 Months
  • Minimum Amount: ksh300K
  • Max amount: ksh15M
  • Repayment Frequency: Monthly

Eligibility

  • Time in operation: 6 Months

Documents

  • National ID
  • KRA Pin
  • 6 Months Bank statement
  • Collateral
  • Business permit

Money254 Review

Pros

  • Available to businesses without formal registration

Cons

  • Requires security
  • Disbursed loan deducted ksh1000 for RTGS


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How to Apply Letshego SME Loans, Structure, Repayment, Fees & Contacts

Letshego SME Loans allow borrowers to get loans that can enable them to start or grow their businesses.

Who is eligible for Letshego SME Loans?

Letshego SME Loans limits and Interest rates

Other Charges

Letshego SME Loans Interest Structure

How to Apply for Your First Letshego SME Loans

How to Apply for Your First Letshego SME Loans

Contacts

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