The Orange Money N’stakolle Loan is a short-term loan powered by Access Bank that allows eligible Orange Money Customers to apply for a loan between P50.00 (Fifty Pula) and P1,200.00 (One Thousand Two Hundred Pula) using their Orange Money account at a specified service fee which is the loan interest rate and administration fee combined including Value Added Tax (VAT). Orange money reserves the right to change the allowable limit at any time
REQUIREMENTS FOR N’STAKOLLE LOAN
Have an Orange Money account for a period of at least 6 months;
Have an Orange Money account which is KYC compliant
Should not be blacklisted to get loans by any legally known association or entity in Botswana such as the credit bureau Botswana
Your Orange Money account should be active and in use; and
The Customer should have reached the age of 18 years old to be considered for a loan.
Be active on their Orange Money account by transacting monthly especially cash deposits at agents, send money, pay utility bills and buy mobile top up to improve their profile and qualify for N'stakolle Loan.
N’STAKOLLE LOAN ELIGIBILITY CHECK:
N’STAKOLLE LOAN – Viewing your statement:
To view your loan statement:
N’STAKOLLE LOAN – Help:
To view your loan statement:
NB: In the event of default, a penalty fee of 1% will be charged on the amount outstanding every day that the facility is in default for a maximum of up to 30 days
VAT shall be applied to the Administration Fee and Penalty Fee in accordance to the laws of Botswana. The rate applied shall be the one published from time to time and will be changed to align as guided by regulation.
