Letshego Check Off Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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Letshego

Check off loan
Amount
KES
10000
-
3000000
Duration
6
months
-
84
months
Total Cost
17
%
-
17
%
annualised, year one
Typically approved within
2
days
visit website


Loan Fees:

  • Interest Minimum: 17%
  • Interest Maximum: 17%
  • Processing fee: None
  • Insurance Fee: None
  • Withdrawal Fee: None
  • Late Fees: None
  • Other Fees: None
  • Year 2+ Total cost: 17%

Disbursement Details:

  • Institution Type: Microfinance Institution
  • Application Method: Paperwork
  • Disbursement Method: Bank Account

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Check-Off

Eligibility Requirement:

  • Smartphone: Not Required
  • CRB:  Must be in good standing
  • Income: No Minimum
  • Employment: Required
  • Network: Not required
  • History: Not Required

Documents:

  • 3 Months Salary statement
  • 3 latest pay-slips
  • National ID
  • Letter from employer
  • Application Form Filled and Signed
  • T&C Links

How to Apply

Money254 Review

Pros:

  • Check-off Repayments automated via employer
  • Long loan tenure(84 months)

Cons:

  • Relatively interest fee (17% P.a)
  • Only Available to employees whose employers have an MOU with the firm.

 

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How to Apply for Letshego Civil Servant Loans, Repayment, Fees, Contacts

Letshego Kenya Limited is a credit only microfinance institution in Kenya. It began operations in 2000, providing credit services to small and micro-entrepreneurs, salaried employees, and civil servants, and currently serves over 25,000 customers.

The loans are only available to employees whose employers have an MoU with the lender. 

Who Is Eligible for Letshego Civil Servant Loans?

Loan Limits and Interest Rates

How to Apply for Letshego Civil Servant Loans

Letshego Civil Servant Loans Repayment

Contacts

Learn more about Personal Loans available in Kenya on Money254

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

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