Revolving Term Loan

This is a structured loan that meets the needs of qualifying customers who need long-term finance. This facility offers a revolving capability after six months of regular payments, which means you can borrow money again or even increase the loan amount depending on your repayment ability.

What it offers you

·        The loan amount you may qualify for ranges from M10 000 to M100 000

·        Loans may be granted for up to a percentage of your net monthly salary

·        The loan is repayable for up to 48 months.

What you need to apply

·        Have been permanently employed for not less than six months

·        Earn a net income of at least M3 500 a month

·        Be a citizen of Lesotho aged between 21 and 55 years

·        A Standard Lesotho Bank transactional account, which has been open for at least six months and into which your monthly salary is deposited.

 

Visit your nearest branch with the following documents:
 

·        A nationally accepted identification card (valid voter's ID, National Identification, driver’s licence or passport)

·        Proof of residence in the form of a utility bill (less than three months old) or Chief’s letter

·        Letter of introduction from your employer

·        Current payslip

·        Six months’ bank statements (for new customers)


Online Banking

Select your online banking platform:

Customer Care Line

Lesotho
+266 2221 2221

Email

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