Product Features
- Loan amount ranges from P5, 000 to P500, 000
- The repayment period is up to 84 Months.
- Turn around time is 24 - 48hrs
- 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
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
Pricing
- Interest ranges from Prime +9% to 12.75%
- Loan Arrangement Fee 1% of Loan Amount [Min P600- Max P1200]
How do I apply for an Lecha Personal Loan?
1
Step 1
Confirm with the bank on how much you qualify for.
2
Step 2
Fill and sign application forms or fill in the form online. Please download supporting documents.
3
Step 3
Submit the signed forms together with account opening documents at a BSB consultant for processing. A transactional account is mandatory for loan processing.
4
Step 4
After 2 working days a loan will be approved and funds transferred into your transactional account.
Have any questions ?
1
Is Lecha the only loan offered by BSB?
No. BSB offers other loans such as Motor Vehicle and Residential Property Guaranteed Loans. Which are offered to Government Employees and Qualifying Parastatals.
