Since their inception, Letsatsi Finance has grown to have 40 offices throughout the South African region. They have been in business for more than thirteen years, which testifies to their expertise when it comes to micro finance loans. Letsatsi specialises in micro finance loans, and guarantees that their loans will be lawful and secure.
They are a registered credit provider with the NCR – National Credit Regulator – of South Africa, and all of their interest rates and fees are in accordance with the NCR. With the short term loans from Letsatsi you will be able get a quick burst of cash when you need it most. Indeed, many loan applications will be approved in less than one hour of submission of the application, and in many cases you will see the cash in your bank account the same day.
Letsatsi Finance Services
It is well known that South Africa has a somewhat shaky economy. But this means that when inflation goes up, the citizens of South Africa are the ones that suffer financially. During this inflation crunch many citizens are unable to afford the basic necessities, such as food and electricity. In times of need such as these a short term loan is the ideal option to get you back on your feet. Letsatsi Finance offers financial services that can get you through these hard times.
As stated, Letsatsi Finance specializes in short term loans. The types of short terms loans your may apply for from Letsatsi include student loans, cash loans, and direct and indirect loans. Often times, loan companies turn people away if they have bad credit or are blacklisted, but Letsatsi encourages these individuals to apply.
While Letsatsi Finance specializes in short term loans, they also provide two other loan services that may be of interest to you. They provide long term loans, as well as debt consolidation. If you are in need of some quick cash, but won’t be able to pay it back for some time, a long term loan may be your best bet. Letsatsi offers long term loans in which the repayment plan lasts for up to thirty six months. And if you have many loans already in their repayment phase, you may want to consider debt consolidation. With this option, Letsatsi will consolidate all of your loans into one single, easy to understand, repayment plan.
Letsatsi Finance Loan Options
Letsatsi Finance offers a competitive micro loans borrowing program, all in accordance with the NCR. With Letsatsi, you may borrow up to R8000, which is a relatively high amount for a short term loan provider to offer. Of course, the exact amount you will be able to borrow will be based on your financial situation, to ensure that you will not borrow more than you are able to pay back. Normally, the short term loan repayment period is one month long. Letsatsi stresses that one month is a rather quick turn-around time, and thus to be careful with the amount of cash that you borrow. You may also want to consider the long term loan option, in which the payback period is up to thirty six months.
Apply For a Loan with Letsatsi
There are several different ways in which you can apply for a loan from Letsatsi. The easiest and most convenient would be to visit their website and fill out a quick online application. Alternatively, you can also visit the nearest branch and apply in person. Or, you may telephone Letsatsi and apply by phone. You may apply by whichever method suits you best. During the application process, you will be asked to provide a few pieces of documentation. These include: an ID book and/or a passport, some recent pay slips, and some recent bank statements. You will have to be a South African resident to apply, and, since you need to provide recent pay slips, you will need to be currently employed.
Once the application is finished Letsatsi will review it and get back to you with a decision. Under normal circumstances, they can approve a loan in less than one hour after submission. During this time, the staff of Letsatsi calculates how much you can afford to borrow, and approves the loan based on this. Depending on your employment history and status, Letsatsi will also determine the repayment plan of the loan, which can be anywhere between one and thirty six months. Finally, if all goes well, Letsatsi will deposit the cash in your bank account the same day you applied. After you sign the approved loan, an EFT will be placed in your account, giving you that immediate financial boost that you need.
To learn more about Letsatsi Finance, or to apply for a loan, you can visit their website. To make any inquiries, you may contact Letsatsi by phone, fax, or email. If you would like to visit one of their many branches, you can find the branch nearest you by visiting their website.
Telephone: 011 802 4073 / 0860 992 998
Fax: 086 297 7891
Main branch: 222 Rivonia Rd, Crn Alon & Michelle Str Morningside Close Office Park, Unit F Morningside Sandton