Products and Services

Summary of Operations

LFSZ’s main activity is the provision of unsecured loans to formally employed individuals. Our client base consists of individuals employed by Government, parastatals and the private sector.Loan repayments are deducted at source through the payroll systems of the various employers, as per formal agreements with the employers.

Our products include:

Loans

The minimum loan amount is K500, 000and the maximum isK20, 000,000, with various tenors ranging from 3 months to 60 months. We adhere to the Government directive that customers must have at least a 40% of basic pay take home salary after all deductions.

For one to qualify for a loan, you will require the following:

• Must be actively working and have at least a six months’ service record with your current employer and be a confirmed member of staff of a Government, parastatal or a company, which has been approved by us
• Two latest available salary slips
• A current bank statement or a mini ATM statement on an active bank / building society account
• A bank / building society card as proof of an account
• Original ID
• Pre-approval loan form from your employer
  

Re-finance

We do refinancing / consolidation of debt, whereby we pay-off your debt at another financial institution and can also grant you an increased loan amount, should you qualify for such. The client then has the comfort of having to borrow from one source only.

The requirements for this facility are the same as for getting a new loan with us.

Top- up’s

Before your loan is completely repaid and you require another loan, we do offer that facility on what is called a Top-Up.

The requirements for getting a Top-Up are the same as for getting a new loan with us.