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.