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Lecha Personal Loan

Your answer to every life event

Lecha Personal loan is a life event product intended to relieve customers of the pressing personal issues. The name Lecha is a Setswana name that denotes water in abundance or a lake. It symbolizes the availability and accessibility of our funds to our customers. The loan can be used for various purposes such as financing household furniture, weddings, upgrading residential properties, buying plots, buying used cars, school fees etc.

P 0 .00
maximum loan amount
0 Years
maximum repayable time

Product Features

  • Loan amount ranges from P5, 000 to P750, 000
  • The repayment period is up to 120 Months
  • Turnaround time is 12 – 16hrs
  • You do not need to be an existing BSB customer
  • Gearing: Up to 60% of net salary
  • Min Salary: P 1,800.00
  • Free P 10,000.00 Funeral Cover

Pricing

  • Interest ranges from Scheme (Prime 14%), Non-Scheme (Prime 18%)
  • Loan Arrangement Fee 1% of Loan Amount [ Min P600- Max P1200 ]

Entry Requirements

  • 2 Certified Valid Omang/Passport
    • Recent Payslip – Original
  • Settlement balances of loans to be cleared and loan statements
  • Certified copy of marriage certificate. ID of spouse and consent letter from spouse
  • Loan settlement Balance & Loan statement of loan to be cleared
  • If on contract, letter stating when term starts & ends
  • Confirmation letter if employed stating confirmation of residence
  • Certified recent 6 months’ bank statement which includes 6 salaries

How do I apply for a Lecha Personal Loan?

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BSB how_it_works 1

Confirm whether your organization has guaranteed motor vehicle and mortgage scheme with BSB. (Facility offered to all Government employees).

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fill-BSB-form

Where scheme is available, check with employer on how much you qualify for.

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fill-BSB-form

Fill and submit the signed application form together with account opening requirements and submit at your place of employment for assessment and approval.

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BSB how it works

An approved application form will be forwarded to the Bank for loan disbursements.

Frequently Asked Questions

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