Letsatsi Finance Loans is a credit provider that offers loans. The way the loans are structured by Letsatsi Finance are done so that you are in a position to choose the best option for yourself. The loans on offer are from payday to consolidation loans.
About – Letsatsi Finance Loans
Letsatsi Finance & Loan is a micro finance organization. It has been in operation since 1999. The aspiration has been to striving for perfection. Letsatsi Finance Loans is registered with the National Credit Regulator . It has been more than 17 years of providing loans to the nation and in the process has gained experience on what type of loans South Africans prefer. There are more than 50 branches across South Africa willing to help you in your times of financial strain.
Letsatsi Finance offers four types of loans.
Letsatsi Finance Loans services and products
One Month Loans:
You can get payday loans starting at R500 up to R8 000. The loan is meant to be settled on your next pay date. This type of loan is best if you are looking to patch up a rough month. Letsatsi Finance Loans will transfer the funds to your bank account as soon as you qualify. The turnaround time for approval is about an hour.
Short Term loans:
These type loans are best to cover a financial crisis. You can ask for a loan up to R8 000. The loan is payable for 6 months. Giving you enough time to settle it. The turnaround time for the loan is an hour. When you qualify, the money will be transferred to you the same day. Letsatsi Finance also offers its customers more than one short-term loan.
Long Term loans:
Long term loans are personal loans for those who have a greater financial need or want. The loans start from R1 000 and move up to R100 000. This type of loan is repayable up to 36 months. With this loan arrangement you can get more than one personal loan. The loan approval time is about one hour. The payout is the same day.
The loan can be used for the following aspirations:
- House modifications
- Vehicle costs
- University Tuition
Debt Consolidation loans are the type that help you get out of many small debts. You borrow a large sum of money equal to all your debts. Pay off all the debts then apply your energy in paying off the money you borrowed to settle all other debts. Letsatsi Finance will help you consolidate your loans to the amount of R100 000. The interest rates are affordable.
Application – Here’s what you will need to apply
To qualify for personal loan, you need to meet the following requirement criteria:
- You need to be a South African citizen
- You must be aged between 21 and 60 years old
- You must be permanently working for more than 6 months
- Your salary must be at least R3500 per month
- You must have a banking statement where you get your salary transferred to.
For more information about Letsatsi Finance loans you can go to online.
Phone number: 011 802 4073 / 0860 992 998.