How To Get A Loan In Zambia Online

What is A Loan?

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc.

The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid, as well as to repay the principal amount borrowed. 

How To Get A Loan In Zambia Online

  • 1. Create an accountSign up, and complete the online form with basic data. All it takes is a few minutes.
  • 2. Provide minimum information. Provide your minimum personal information along with the necessary documents.
  • 3. Receive mobile money within 5 mintuesConfirm your consent to obtain the online loan. You will receive mobile money within 5 minutes.

What is the needed document to get A Loan In Zambia Online?

  • Completed and signed Loan Application form
  • Company profile
  • Audited Report (mandatory for tier 1 and tier 2)
  • Bank statements
  • Duly executed guarantor form supported by a notarized statement of net worth
  • Duly executed offer letter
  • Customer’s (Tax Payer Identification Number) TPIN
  • Satisfactory credit checks
  • Execution of all necessary documents for the perfection of Legal Mortgage/All Asset Debenture
  • All fees and collections on the loans shall be paid upfront.

Is there a minimum amount of loan you can get online in Zambia?

You choose the amount and term of the loan. Keep a good credit history, you can access loan amounts up to K1,000.