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How to Apply for Letshego Loan

By Oluchukwu Ikemefuna

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Letshego Group is among Kenya’s fastest-growing banking companies. Customers are offered a wide range of services, including loans. To receive the funds, you must first grasp how the Letshego loan application procedures work. 

If you want to pursue a dream or need to cover an emergency, Letshego loans may be one of the finest options out there. Letshego offers a variety of loan solutions to match your needs, and applying is now easier than ever.

This article discusses everything from understanding your options to applying for a Letshego loan. 

Whether you prefer the convenience of the Letshego loan app or the customized care of a branch visit, we will walk you through each step to help you begin your Letshego loan experience. So continue reading!

What is Letshego Loan?

Letshego Loan Application

Letshego loans are part of the Letshego Group’s extensive portfolio of financial services, which is a publicly traded firm in Botswana. 

The corporation works in eleven African nations, including Kenya, Nigeria, Ghana, Tanzania, Uganda, Rwanda, and Swaziland. It supports both the public and private sectors, as well as micro and small businesses.

Letshego meets the demands of people and SMEs by providing a range of loan options that are specially tailored to their requirements.

The types of loan products and terms may differ depending on country restrictions and Letshego’s offerings in that market.

Letshego primarily focuses on microloans, which are often smaller loans aimed at people who do not have access to standard banking services or do not have a credit history.

Related – How to do your Opesa Loan Application Online

Why Choose Letshego for Your Loan Needs?

Letshego could be a good fit for your credit needs due to their emphasis on pricing, customer care, and a quick application procedure. Here’s a better explanation of why:

  • Convenient access to finances for urgent uses such as medical costs.
  • Flexibility in selecting a payback schedule to meet specific financial goals.
  • There is no requirement for security, making it accessible to those without considerable holdings.
  • Fast-track the application process to save time and reduce paperwork.
  • Dedicated customer service throughout the lending process for tailored guidance.

In addition to the basic attributes listed above, consider the following elements while making an informed choice:

  1. Loan Purpose Alignment: Does Letshego offer loans that are tailored to your requirements? They offer personal loans for a variety of purposes, including paying for your children’s education, investing in a business, and upgrading your home. Make sure that their financing possibilities are compatible with your goals.
  1. Interest Rate Comparison: Even if Letshego’s competitive rates are the best, there may be better options available. Compare interest rates from several lenders to see if you can get a better loan deal.
  1. Customer evaluations: While Letshego prioritizes customer service, online evaluations from former borrowers can provide useful, real-life insights into their loan experience. The reviews may focus on aspects such as application usability, customer service response, and general satisfaction.

By taking all of these aspects into account, you will be able to determine whether Letshego is the best option for your loan needs.

Letshego Loan Application Process: How to Apply

Letshego Loan

Letshego provides a wide range of loan products and the process of applying may vary depending on the type of loan and your location. Still, here is a simple guideline:

1. Go to the Letshego Website

Visit the website of Letshego for your country.

2. Select Loan and Country

Letshego is represented in many African countries.  Choose your country from the list provided and select the type of loan you are interested in (e.g., personal loan).

3. Fill out the Online Application

Complete all necessary information on an online application form, which may include your details, employment information, and desired loan amount.

4. Upload Documents

You will probably be required to upload scanned copies of supporting documents while filling out the application form. These could be your national ID, payslips, and bank statements.

5. Review and Submit

Before submission of the application form make sure that all entered information is correct.

6. Branch Application

If you prefer, you can visit a Letshego branch to apply in person. A representative will guide you through the process at this stage helping with filling out an application form

Read Also – Knight Loan: How to Apply and Get the Loan

How to Apply for a Loan on the Letshego Loan App 

The microfinance firm has an app that makes its services more accessible to customers. The application’s name is LetsGo BiG. So, how can one apply for a loan through the Letshego loan app? 

To apply for a loan through the Letshego Loan App, follow the steps below:

  1. Get and install the Letshego Loan App from the Google Play Store or Apple App Store.
  1. Create an account on the app by entering the necessary information such as your phone number, email address, and other requested information.
  1. Sign in to your account using the login information provided at registration.
  1. Navigate to the mortgage application section of the app.
  1. Follow the orders as they should be. Enter your personal and financial details.
  1. Specify how much you truly want to borrow and choose a convenient repayment period.
  1. Submit the loan application.
  1. Wait for Letshego to authorize your mortgage. This generally doesn’t take long.
  1. If approved, carefully review the terms of the mortgage before you are issued it.
  1. Once you frequent it, the money will be deposited into your registered financial institution account.

Eligibility Criteria and Requirements for Letshego Loans

Various restrictions must be met before accessing these financial products. Letshego’s eligibility criteria and conditions may vary depending on the product and the area.

However, here’s an overview.

  1. Be at least 18 years old. 
  2. Provide a three-month wage statement. 
  3. Please submit the three most recent pay stubs. 
  4. Show your national identification. 
  5. Attach a letter from your employer. 
  6. Complete and sign the application form.

Eligibility will vary depending on factors such as salary, supplementary allowances, third-party settlements, and balance reductions. If you do not qualify, you can seek help by visiting the institution’s branch or calling their contact center.

How Long Does it Take to Get Approved for a Letshego Loan?

Letshego offers fast loan approval with specific products like Mo-Money, which claims to decide in just a few minutes. However, the period may vary depending on a few factors: 

  1. Loan Product: Some loan options are quicker to approve than typical loans.
  1. Application Strength: Filling out the application form correctly and submitting all essential papers and precise Information  will substantially speed up the process. Letshego will have a better understanding of your financial situation after receiving this information.
  1. Credit History: A good credit history and credit score can lead to faster acceptance from Letshego.

Letshego makes hasty decisions, but it is important to remain practical. You may not receive a response within 48 hours of submitting your request.

Also Read – Direct Cash Loan App: How to Access Loan

Letshego Loan Limit and Interest Rates

Letshego loan limits and interest rates are different from country to country and also depend on the particular loan product you are interested in. Nonetheless, here is some general information:

Loan Limits

Letshego provides loans that may be anything from N$5,000 up to N$350,000, and this is done according to your specific needs, affordability, and goals.

Interest Rates

The interest rates are very low, which makes their loans affordable. The range of interest rates in Tanzania is between 21% and 30%, depending on the amount of the loan

For detailed information about loan limits and interest rates, it is best to contact LIC directly. You can go to their website or call their contact center. Letshego also has branches in many countries so you can visit one personally if you want.

Advantages of Letshego Loan

Here is an in-depth analysis of the capacity benefits of a Letshego loan

1. Accessibility to Loans and Flexible Repayment:

Letshego specializes in payroll deduction loans for public and parastatal employees. This method ensures that the mortgage repayments are deducted without delay from your salary before you receive a commission. 

It removes the need to consider making monthly bills on your own, which can bring about overdue costs and defaults. 

It could help someone who struggles with dealing with several financial obligations or putting in price schedules but then forgets about them.

2. Possibly Quicker Approval Process:

Because Letshego’s goal group has a low historical threat of default (authorities employees with everyday profits), their approval manner might be faster than traditional creditors who have strict requirements. 

This may also be available if you need to get access to your finances quickly for an unexpected cost or emergency.

 3. Potentially favorable Interest rates:

The payroll deduction model is advantageous to both Letshego and the borrower. Since there may be a discounted danger of default for most borrowers, Letshego may be capable of offering decreased interest prices as compared to different creditors that rely on conventional credit tests and chance tests. This can result in great savings throughout the loan.

4. Potential focus on positive sorts of loans:

Letshego would possibly provide merchandise that is particularly aimed at the needs of government personnel, like debt consolidation or financing large purchases. These loans may also have characteristics or terms that aren’t to be had from different lenders.

Disadvantages of a Letshego Loan

  1. Interest rates are a potential disadvantage for Letshego loans. Microloans, like the ones offered by Letshego, may have higher interest rates than traditional bank loans. This means you will have to repay more than you borrowed.
  1. Shorter repayment terms could be another disadvantage of Letshego loans. This can result in monthly payments being higher and possibly straining your budget.
  1. Additional fees might come with your Letshego loan, such as origination fees or late payment penalties. It is important to understand all the fees before taking out the loan.
  1. One other disadvantage is that if you are not careful, it is very easy to get into a debt trap with short-term high-interest loans. Make sure you can afford the repayments before borrowing.

Letshego may work for you if you require little money quickly and can pay it back together with the additional fees and interest. However, it is good to be aware of possible downsides before taking out a loan.

Read Also – Rocket Pesa Loan App: How to Download and Apply for Loan

How to Repay Letshego Loans 

Letsgo offers a variety of loan repayment options, although the specific methods may differ depending on your location. 

  1. Automatic Debit: If you choose automatic debit, this will be the most typical way. You can set up a debit order with Letshego to have the repayment amount automatically withdrawn from your account on the due date. This ensures that your payments are always on time and allows you to avoid late fees.
  1. In-Person Payment: To make a repayment in person, visit your nearest Letsgo branch. This option will generate a receipt for your records.

Though no online or mobile app payment alternatives are officially listed on the Letshego website, they may offer such services because they have a mobile app.

By contacting Letshego directly, you can learn about the most convenient and effective way to repay your loan and avoid late fees.

Let Loans Contacts in Kenya 

If you have any questions, please phone, visit, or send an email. The contact information for the institution is provided below. 

  • Physical Address: Cape Office Park, 2nd Floor, Ring Rd., Kilimani Postal address: Box 52926 – 00200 
  • Email address: kenya@letshego.com 
  • Phone number: +254 700 555 777, +254 730 687 777, +254 739 102 325 

Final Thoughts

In the end, the process of applying for a Letshego loan is simple and fast. Through the Letshego loan application or their website, you can get your hands on the money you need in no time. 

Simply fill out the required information, submit any required documents, and wait for approval. 

Feel free to leave comments and follow us on social media. Keep abreast of Silicon Africa on Facebook: Silicon Africa, Instagram: Siliconafricatech and Twitter: @siliconafritech for more financial tips and updates.

Frequently Asked Questions

Can I get a Letshego loan online?

Yes, a web tool is the solution. The process is simple and may be completed on their website.

What documents will I need to apply for a Letshego loan?

The required documentation may also differ based on the type of loan, but a few not-unusual requirements are:
1. A genuine national ID.
2. Proof of wages (pay stubs or financial institution statements)
3. Letter from your corporation (for certain loan types)

What are the eligibility criteria for a Letshego loan?

You must be at least 18 years old and have worked or run a business for a significant period of time.

How long does it take to get approved for a Letshego loan?

Approval times vary, even though Letshego works hard to provide quick turnaround times on lending programs.

What other options do I have if my online application is unsuccessful?

If you are unable to apply online, you can still apply for a Letshego loan by visiting one of their branches or calling their customer care center for assistance.


  • www.tuko.co.ke – Letshego loan requirements, application procedure, interest rate, repayment 
  • infomania.co.ke – Letshego Loan 2023: Requirements, How to Apply Online


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Onyinyechi Ikemefuna
Onyinyechi Ikemefuna

Ikemefuna Onyinyechi Patience, a skilled Content Writer hailing from Anambra State Nigeria, holds a Higher National Degree in microbiology from Federal Polytechnic Oko, Anambra. Armed with robust research and SEO expertise, she excels in crafting articles spanning technology, finance, healthcare, education, and lifestyle. Her work stands out for its ability to authentically inspire and engage while inciting action. Beyond her writing prowess, Ikemefuna finds joy in reading, exploring movies, and delving into continuous research, contributing to her growth as a proficient writer.

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