Letshego Holdings Namibia Announces Reduction in Lending Rates

August 23, 2024 24

In response to the recent decrease in prime lending rates, Letshego Bank Namibia and Letshego Micro Financial Services Namibia, subsidiaries of Letshego Holdings Namibia, have announced a reduction in their lending rates. The new rates will take effect from 22 August 2024.

Letshego Bank

• Prime rates reduce from 11,5% to 11,25%

• Home loan rates reduce from 12,5% to 12,25%

Letshego Micro Financial Services Namibia

• The Unsecured Deduction at Source Loan rate for both government and non-government employees has been reduced to 22.5%. This fixed rate applies to the entire borrowing period, it’s inclusive of the credit life insurance and all related administration fees. The new rates is only available for new loan contracts.

Written by: Staff Writer

Credit Life Insurance etshego Bank Namibia financial services government employees home loan rates interest rate reduction Letshego Micro Financial Services Namibia loan contracts non-government employees prime lending rates Unsecured Deduction at Source Loan

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