Letsatsi Loans Review – What you should know

letsatsi loans south africa

Letsatsi Loan provides a wide range of solutions to a great number of your financial questions. Do you ponder about how to get a personal loan to meet your personal needs? Do you feel you’re not worthy enough for a loan because you’re currently unemployed? As you read along this article, you’ll learn more about Letsatsi loans, eligibility criteria, how to apply and so on.

About Letsatsi loans

Letsatsi has been in operation for over 20 years, with up to 50 branches nationwide. In these years, they have consistently provided standard financial services, offering loan services for clients in South Africa. They have their headquarters stationed in Rivonia in Johannesburg, Gauteng. 

What is the minimum and maximum loan amount I can borrow from Letsatsi?

You could need a certain amount of loan, but you might not know the minimum or maximum loan amount Letsatsi offers. The minimum amount of loan Letsatsi offers is from R500. Whereas the maximum amount of money to be borrowed is from R8,000 with maximum repayment period from 2 months to 6 months.

Eligibility for applying for a Letsatsi loan.

Just like every other loaning platform, they consider a few requirements before granting a loan. As a registered business, they adhere to the regulations of a licensed operator in South Africa.  To be eligible for a loan at Letsatsi; 

  1. You must be a South African citizen
  2. Must be between the ages of 21 to 60
  3. Be earning at least R3500 per month
  4. Be permanently employed for over 6 months
  5. They must pay your salary into your bank account
  6. We can’t assist anyone under debt review or administration

What document do I need to apply for a Letsatsi loan in South Africa?

To apply for a loan at Letsatsi, you will need:     

  1. A valid South African identity document (ID)
  2. Two months’ latest payslips
  3. Three months’ latest bank statements
  4. Last, proof of residence, not older than 3 months.

How to apply for a Letsatsi loan

The application process for a Letsatsi loan can be online or offline. Online application involves visiting their official page, clicking “apply here” and providing all the details on the platform.

Offline application involve visiting any of their physical branches spread across all the lengths and breath of the nation.

There’s also a third option, which is also one of the most convenient of the other aforementioned application processes. This process involves simply putting a call through to their call center. The call representative will ask a few questions to check your eligibility. Easy breezy right, now let’s look at the loan services Letsatsi finance company offers.

Types of services Letsatsi loans offer

Before applying for any loan, it is important to know the specific type of loan you need. It is advisable to carry out soft research on the terms and conditions of the loan you go with. 

With the core aim of consistently providing the most reliable, efficient, and affordable financial service to all their clients, Letsatsi loans offer a wide range of loan options and products. Some of these loan products include;

  1. Personal loans
  2. Debt consolidations
  3. Funeral cover
  4. Credit repairs

Exceptional, right!! It is also important to note that qualification for any of these financial products solely depends on your eligibility.

What is Letsatsi finance rate?

Just like a great majority of other South African Loaning platforms, they regulate the Letsatsi interest rate under NCR. They also charge a standard service fee on a monthly basis, which applies to your loan account.

Last, credit life insurance. This also charged and applied to your loan account on a monthly basis. Though the Letsatsi loan platform has put a few more measures in place to ease and make the interest rate more flexible for its clients.

How long till they approve my Letsatsi loan application?

The Letsatsi loan platform is one of the surest platforms you can get a loan almost immediately. They have a credible and always available friendly staff on standby, ever ready to perform the credit checks, calculate how much you can afford, and send feedback within an hour. 

Guess what, you can also apply and qualify for a second loan if you satisfy the document scrutiny staff with the documents tendered. 

Do Letsatsi help clients with credit repair?

Their complete credit repair services will set you free from debt. You can get out of debt and regain control of your finances.

They can assist you with the following situations:

  1. Under Administration
  2. Under Debt Review
  3. Paid up Judgements
  4. Default Listings

What are Letsatsi contact details?

For more enquiries, you can contact Letsatsi through:

  1. Telephone: 011 802 4073 / 0860 992 998
  2. Fax: 086 297 7891
  3. Email: info@letsatsifinance.co.za

Conclusion

With a mission of consistently providing the most reliable, efficient, responsible and affordable financial services to their clients. Also, aiming at uplifting their standards of living based on their financial needs, they hope their clients and future clients achieve financial wellness and freedom. 

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