A Revolving line of credit offers you continuous credit at a fixed monthly instalment.  This means you may borrow again up to the original amount on the same loan, without re-applying, immediately after you have repaid 15% of the loan. 

Features and benefits

• You can apply for a loan of between M25 000  and M75 000
• Once you have repaid 15% of the loan, you may borrow again up to your original loan amount and your repayments will remain unchanged
• You can apply to increase the limit on your existing loan when you require additional funds
• The minimum repayment remains fixed for the life of your loan account which enables you to budget more effectively
• The interest rate is linked to the prime rate and is based on your risk profile.
• When the prime interest rate changes, your minimum repayment amount remains unchanged while the loan period increases or decreases.
• You can pay into your loan whenever you have extra cash available. You can withdraw this extra cash once you have met the minimum revolve limit.
• You are required to take out insurance in all our personal loans which will give you the peace of mind of knowing that your loan will be settled in full in the event of disability, dread disease or death

Who can apply

To qualify for a Revolving line of credit, you must:

• be 18 years or older;
• earn a net monthly income of at least M7500; and
• have a transactional account (with Standard Lesotho Bank) into which your salary is deposited

How to apply

Visit your nearest Standard Lesotho Bank branch with the following documents: