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*435# Loan: How to Apply for Letshego Loans

By Oluchukwu Ikemefuna

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Letshego, or the *435# loan, has built its reputation as a loan service available in numerous African countries. It provides salaried employees with monetary support while they await their payday. 

Source: Letshego Kenya LinkedIn page

You can only access Letshego loans if you receive a monthly salary and your organization is registered with Letshego. 

Before you apply for *435# loans,, you need to familiarise yourself with several things. The requirements, application procedures, interest rates, and repayment steps. 

In this blog post, we will cover all you need to know about applying for loans in Kenya.

About *435# Loans

*435# loans are basically Letshego loans. *435# is the USSD code that you can use to access this service via your mobile device. Alternatively, you can use the loan app provided by Letshego. 

Before we go further, let’s give an overview of Letshego. Letshego was founded by Letshego Holdings Limited, a company that helps people across Africa access financial services easily. They’ve been doing this for more than 25 years, starting in Botswana in 1998. Now, they’re in 11 countries across the continent. 

Their goal is simple: to make financial solutions simple and affordable for everyone. They now have over 6.6 million customers and more than 3,000 employees, including sales agents.

They have moved into Uganda, Eswatini, Tanzania, and Zambia between 2005 and 2007, and then into Namibia through an acquisition in 2008.

In 2011, they began operating in Lesotho. Then, in 2012, they acquired Micro Africa Limited, which had operations in Kenya, Uganda, Rwanda, and South Sudan. This helped them expand further. They even bought a bank in Nigeria in 2016.

Letshego has a long history of helping people with their finances, and it continues to grow to reach more people across Africa.

Pros and Cons

If you are eyeing a Letshego loan, then you must understand the advantages and disadvantages of using the loan service. We have explained them below:


  • Check-off repayments through employers.
  • Flexible and longer repayment periods available.


  • Limited Availability
  • Exclusive to employees whose employers have agreements with Letshego.

Accessing Letshego Services

As earlier stated, *435# is only a means to access Letsshego services, There are other tailored avenues that Letshego provides for you to access its services:

  • Mobile App: The LetsGo BiG app is available for download on various platforms including Google Play, App Store, Web Browser, and Huawei App Gallery.
  • USSD Services: Repayment services can be accessed by dialing *435#.
  • Mobile Banking: Letshego offers mobile banking services through the LetsGo BiG app.

*435# Loan Requirements in Kenya

One big benefit of taking out a loan with Letshego is that you may deduct the installments straight from your paycheck, which makes managing the debt easier.

They also provide an extended repayment period for the loan. To apply for a loan with Letshego, you need to meet certain requirements

There are a few things to think about, though. Letshego loans are only available if your employer has an agreement with them. Thus, not everyone is eligible to apply.

So, what do you need to apply for a Letshego loan in Kenya? 

Generally speaking, you must be employed by a business that uses Letshego. For additional assurance that you can repay the loan, they may review your credit history and other financial data.

Before applying, it is vital that you fully understand these prerequisites and the application procedure. That way, you can make sure you’re eligible and prepared to get the money you need. 

To help you understand better, we will give an overview of the eligibility criteria for applying for a Letshego loan in Kenya

  • Be above 18 years old.
  • Present three months of salary statements.
  • Provide the three latest payslips.
  • A valid national identification card.
  • A letter from your employer.
  • Duly filled and signed application form.

Eligibility may vary based on factors such as salary, additional allowances, and existing financial commitments. If unsure about eligibility, reaching out to Letshego’s branch or contact center for guidance is advisable.

How to Apply for *435# Loans in Kenya

Upon successful submission, it takes approximately 48 hours for Letshego to disburse the loan amount. The application process for Letshego loans is primarily conducted online and is straightforward. Here’s a step-by-step guide:

  1. Visit Letshego’s website and select Kenya from the country list.
  2. Choose the type of loan (personal or MSE purchase order).
  3. Complete all personal profiles and required information.
  4. Upload necessary documents.
  5. Review and accept the declaration.
  6. If referred by a salesperson, provide relevant details.
  7. Electronically sign the application form and submit it.

Letshego Loan Interest Rates and Repayment

Letshego offers varying interest rates depending on the servicing time, ranging from 0% to 50%. Repayment frequencies include daily, weekly, monthly, and quarterly options. Borrowers can apply for loans up to KSh. 3,000,000.

Repayments are deducted directly from the borrower’s salary by their employer. However, MPesa can be used in certain circumstances. The repayment process via MPesa involves selecting the Paybill option, entering the business number, specifying the phone number as the account number, and confirming the transaction with the MPesa PIN.


In conclusion, *435# or Letshego loans are a convenient financial solution with easy application processes and repayment options. By understanding the requirements and procedures, you can access the funds they need with ease.


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Peremoboere Numa
Peremoboere Numa

Pere is a versatile SEO writer with a Master's degree in English, who is dedicated to creating engaging and impactful content.

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