This site uses cookies. By continuing to browse ExpressCredit.co.ls, you are agreeing to use our site cookies. Read more here
Short-term loan
Short-term loans or payday loans are helpful whenever you need to cover unexpected expense right away
- Short-term loans are useful financial support for unforeseen circumstances or particular needs, e.g., purchase an item of need.
- Our customers repay their loans between 15 to 45 days.
- You can borrow between M500 - M5,000.
- The loans are designed to get you out of trouble, but make sure you borrow responsibly.
Requirements
Be 21 years and above
Be a holder of National ID card or Passport
Be employed with a bank account
How to apply for my loan
Web
Complete application online.
Branch offices
Visit the nearest branch where a Client Relationship Officer will help you complete your loan application.
Call Centre
Call any of our agents by dialling +266 80044 444
How much money can I borrow?
- Use the bar to set the amount of your loan.
- Choose how frequently you get paid. In this case, monthly.
- Choose your salary pay date.
This way you will see the payment amount, interest, cost of borrowing (APR) and the next repayment day.
How is the amount payable calculated? (example)
- For example: If you request M3,000 - pay exactly the same M3,000, without interest/commission. Interest: 0.0%.
- For your next loan the commission will depend on the loan amount and loan tenure.
- The amount paid for each loan will depend on the amount requested and your payment date.
- For repeat customers - the interest or commission is variable and is based on the amount and loan tenure.
What is the loan process?
Based on the information you have provided, we will give you one answer, either:
Pre-approved
You have completed the first step to get your loan, you are creditworthy. You just need to go to the nearest branch and bring all the required documents to complete your loan application process.
Declined
Unfortunately at the moment we can not give you the loan.
How can I receive the money?
If a loan application is approved, the money will be credited into your bank account
How can I settle my loan balance?
You can repay the loan by a bank transfer. Please see below the bank details.
- Standard Lesotho Bank
Branch: City Branch
Branch code: 060667
Account number: 9080007336361 - Nedbank
Branch: Maseru Branch
Branch code: 390861
Account number: 11990109577 - FNB
Branch: Pioneer Mall
Branch code: 280061
Account number: 62844129800
Please use your loan number or ID number as a reference to deposit funds.
In case you have any questions, call us on +266 80044 444.
What if I am unable to pay?
If you are not able to pay off the entire loan on your next payday, you can extend the loan for an additional fee and pay after.