How to Get a Loan from Letshego to Mpesa

Step 1: Understand Your Eligibility
Before applying for a loan, it is crucial to check if you meet the eligibility criteria. Letshego typically requires applicants to be at least 18 years old and possess a valid identification document. You also need to have a steady income source and a good credit history.

Step 2: Choose the Loan Type
Letshego offers various types of loans, including personal loans, business loans, and salary advance loans. Decide which type of loan best suits your needs. Each type may have different terms and conditions, so make sure to review these carefully.

Step 3: Prepare Required Documents
To apply for a loan, you'll need to provide certain documents. These generally include:

• A valid ID (e.g., National ID, Passport)
• Proof of income (e.g., payslips, bank statements)
• Proof of residence (e.g., utility bill, rental agreement)
• A completed loan application form

Step 4: Apply for the Loan
You can apply for a loan from Letshego either online or in person. To apply online, visit the Letshego website and fill out the application form. Make sure to upload all required documents. If applying in person, visit a Letshego branch with your documents.

Step 5: Loan Processing and Approval
Once your application is submitted, Letshego will process it and conduct a credit assessment. This process may take a few days. If approved, you will receive a loan offer detailing the loan amount, interest rate, and repayment terms. Review the offer carefully before accepting it.

Step 6: Receive Funds and Transfer to Mpesa
Upon acceptance, the loan amount will be disbursed to your bank account. To transfer the funds to your Mpesa account, follow these steps:

1. Log in to your Mpesa account: Use your phone to access your Mpesa account through the USSD code *234# or the Mpesa app.
2. Select "Lipa na Mpesa": Choose this option from the Mpesa menu.
3. Enter "Buy goods and services": This will allow you to input the business number for Letshego.
4. Input Letshego Business Number: Enter the Letshego business number provided in your loan documents.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm the Transfer: Follow the prompts to confirm and complete the transfer.

Step 7: Repayment
Make sure to adhere to the repayment schedule provided by Letshego. You can make repayments through various channels, including bank transfers and Mpesa. Timely payments will help maintain a good credit score and avoid penalties.

Conclusion
Securing a loan from Letshego and transferring it to Mpesa is a convenient process if you follow the outlined steps. By understanding your eligibility, preparing the required documents, and carefully managing the loan, you can efficiently access the funds you need.