The Likhetselo Cash Back loan provides you with that extra cash when you need it immediately. When you take out a Likhetselo loan, you will receive an additional 10% of your total loan amount in Cash Back immediately. You will therefore receive 110% of the amount you have loaned in cash, giving you extra spending power that you might need. The Likhetselo Cash Back loan also comes with a Funeral Benefit which pays up to E5,000 for the loan holder or one of his/her immediate family members.
Repayment period: 12 to 36 months
Loan range: E3,000 to E100,000
The benefits that are associated with Select loans are an important part of the value that we aim to add for our customers.
Likhetselo clients have access to our Credit Life insurance as well as Funeral Claim plans. For more information about these benefits, please visit our benefits page here.
Special promotion: If you refer a new client to us, you will receive a E200 Shoprite voucher as a reward.
Applicants must have contractual capacity, minimum age 21 years.
Applicants much be Swazi nationals .
Likhetselo loans are available only to permanent Government employees that qualify under the deduction compliancy rule.
Applicants must be permanently employed for a minimum period 6 months.
The Likhetselo loan is only available for clients that take a new loan and not for loans that are rolled over.
Select requires the following original documents as listed below to complete a loan application:
For new clients:
National Identity Document (ID)
Loan applicant has to be a civil servant to qualify for the Likhetselo Loan
3 months banks statement or bank book reflecting the last 3 months net pays
Graded tax certificate – to confirm employee number for civil servants
Last 3 months pay slips. Where the order of the pay slip is not consistent, the recent pay slip is a must plus any other 2 pay slips within the past 6 months.
For existing client s:
Last 2 months pay slips. Where the order of the pay slip is not consistent, the recent pay slip is a must plus any other 2 pay slips within the past 6 months.
Submit bank book or bank statement reflecting the last two months’ salaries
How do I apply?
Applying for a Likhetselo loan is quick and easy. Just bring all to the documents listed above to one of our branches and receive your loan within 12 hours of your application (conditional on which bank you hold an account with.
Where do I receive my loan money?
Loans, as well as your 10% Cash Back bonus get disbursed straight into our clients bank accounts. For FNB clients we can disburse your loan on the same day of your application. For Standard Bank, Swaziland Building Society and Nedbank clients we will disburse your loan the following day, and for Swazi Bank the process may take up to 3 days.