Institutions That Offer Instant Online Loans In Zambia

Instant online loans in Zambia

Looking for instant online loans in Zambia?

There are several financial institutions that offer instant online loans in Zambia. However, I have only handpicked the best four (4) institutions.

These four (4) financial institutions include:

  1. PremierCredit
  2. Izwe Loans
  3. Express Credit
  4. Biumoney Zambia (faster than you can imagine. Try it out)

List Of Institutions That Offer Instant Online Loans In Zambia

1. PremierCredit

PremierCredit is an International financial technology company that operates as an online microlending and Investment platform in emerging markets in Southern Africa.

Their headquarters are in the business and cross-border investment hub for Africa, Mauritius. It is one of the financial institutions that offers instant online loans in Zambia.

They’re licensed and regulated by the Financial Services Commission (FSC), enabling them to provide inclusive financial services in the container of Africa.

Requirements For Obtaining a Loan

Here are requirements and eligibility:

  1. 21 years old and above
  2. Possession of a valid original NRC/Driver’s license or Passport
  3. Be in full employment with an active bank account if looking for a personal loan
  4. Actively trading in a business for more than 6 months if looking for a business loan
  5. Holder of a registered mobile phone number.

They offer loans between K500 and K250,000. These are cash advances; Makwebo loans (Business loans); Personal loans; Invoice Discounting and Order Financing

The approval of loans is subject to affordability on your pay slip and or credit score from the Credit reference bureau (Transunion).

Documents To Present When Applying For a Loan

  1. Valid ID (NRC, passport or driving license)
  2. Latest payslip (stamped)
  3. Bank statement for the last 1 month
  4. Letter of introduction from employer (on headed paper)

You can upload these documents online during your online application via our website.

How The Payments Are made

The deductions are made from the salary on every pay day. This may be done by your employer or by the bank on their behalf through direct debit. You can also pay via mobile money on MTN or Airtel

What Makes PremierCredit Stand Out

They connect investors to borrowers, creating affordable financing options.

They offer money on the go, when you need it.

They leverage partnerships to offer mobile financial services even to the most remote areas where branches are not present.

They offer investment opportunities that attract high returns to enable our customers to earn passive income.

They are founded by the following principles:

Their customers come first in all they do. This is why they have tailor made customer centric financial solutions that are hassle free, accessible, simple and very affordable.

They believe in responsible lending, ethical practices and transparent communication to all we serve.

Partnerships to improve products and services they offer.

Their internal customers, who are our employees, are pivotal to the customer satisfaction they aim for. 

They create an enabling environment for our staff for high productivity. A happy employee yields a happy customer.

Apply for a loan online now.

Their Physical Branches

  1. Kitwe branch
  2. Solwezi branch
  3. Lusaka branch
  4. Ndola branch
  5. Kabwe branch

2. Izwe Loans

Izwe Loans is a Zambia Loans PLC. It is a regulated financial services provider. It offers easy access, speedy approval and quick payouts on personal loans tailored exclusively for permanently-employed civil servants. 

Izwe loans applications are processed in under 30 minutes and successful payouts in less than 72 hours.

In addition, you get the full amount that you were approved for – Zingena Zonse with Izwe Loans.

Izwe is committed to the highest standards of business integrity, ethical values and governance.

How To Apply For An Izwe Loan

  1. In person

Make contact through their vast network of professional, trustworthy agents; available nationwide to come to you, at your convenience, to assist with your financial needs.

  1. By web

You can get in contact with us on our website and we’ll get back to you as soon as possible. You can apply online here.

  1. By phone

SMS Izwe to 4993 for a

call back or call them on

+260 (0) 762 434 218

  1. By email

Send them an email at info@izwezambia.com

and they will get back to you

Access financial help when you need it, applications are processed in under 30 minutes and successful payouts are in less than 72 hours.

What You Need To Have With You When You Apply

  1. An employee number for all Civil Servants (GRZ), Zambia Air Force (ZAF) and Zambia National Service (ZNS)
  1. Two original passport sized photos of yourself
  1. A valid national ID / NRC
  1. A bank account statement with recent 2 months’ salary
  1. Recent three months’ salary slips
  1. A signed pre-approval form and Employers’ letter of introduction

Who Is Eligible For a Loan?

It is Civil Servants, Zambia Air Force (ZAF) and Zambia National Service (ZNS).

With a personal loan tailored to your individual needs, you will get:

  1. Financial help with a loan up to ZMW 150,000
  1. Fixed terms up to 60 months (5 years maximum)
  1. Affordable, hassle free monthly repayments (salary deductions)

Salary Advances For Civil Servants

Izwe can now offer salary advance loans of up to ZMW 3,500 with repayment terms of up to 18 months.

Apply for a loan online and receive feedback within minutes. The cash will be paid to you in less than 24 hours of your application approval. And you choose the repayment terms.

Why a Personal Loan From Izwe Is a Step In The Right Direction

Flexibility: On your amount and repayment period

No hidden costs: Fixed monthly installments with set interest rates over the loan term

Zingena Zonse”: You will receive the full amount you were approved for, no fees will be taken off your payout amount

We do it your way: Easy access to financial assistance in-branch or through our extensive network of dedicated agents that come to you. They are just a call away, or you can apply right here

Hassle-free service: They provide simple verification and qualification processes for civil servants, with minimal documentation required.

3. Express Credit

Express Credit offers payday loans of up to K10,000 repayable on your next payday.

What Are The Requirements To Apply?

  1. Be 21 years old and above
  1. Be a holder of ID document or driver’s license
  1. Be officially employed with a bank account
  1. Have a registered mobile phone number
  1. Have proof of the current residential address

How You Can Apply

  1. Online

The easiest way to apply for a loan is to use the application form on our website www.expresscredit.co.zm

  1. Branch

Visit any of our branches where a loan officer will help you complete your loan application.

  1. Call Center

Call any of our agents at 3334.

How Much Can You Borrow?

  1. Use the online calculator to tell them how much you want to borrow.
  2. Choose your salary pay date.
  3. Once you have entered all the details, they will show you an example of what you might repay, including the payment amount, interest and next repayment day.

What The Application Process Is Like

To process your application faster, bring the following documents with you or upload them if applying through their website:

  1. National registration card, passport or a driver’s license. An ID document or passport and work permit for non-citizens
  1. Stamped copy of the latest payslipOfficial employment confirmation letter (must contain your residential address)
  1. Last 3-month bank statement stamped by the bank (e-bank statements will be accepted without the bank stamp)

How To Get The Money

Once the loan application is approved, they will transfer the money to your bank account or you can simply go to the branch and withdraw in cash. 

In this case, you will be required to present your ID.

How To Repay The Loan

You can repay the loan by a bank transfer, mobile money or cash at the nearest branch.

  1. Bank transfer

First National Bank Zambia Limited: 0062684077409  

Absa Bank Zambia Limited: 0200161465526  

Stanbic Bank Zambia Ltd: 9130000664409  

Zambia National Commercial Plc: 5377971500154  

  1. Mobile Money

MTN Mobile Money – Merchant code: 333400  

Zamtel Mobile Money – Merchant code: 33340  

Airtel Mobile Money – Merchant code: EXPRESS 

  1. Cash

Available in all branches

Please use your loan number or ID number as a reference to deposit funds. In case you have any questions, call them at 3334.

4. Biumoney Zambia

Biumoney is a simple, entirely online lending platform that provides instant short-term loans in Zambia to help cover unexpected expenses or urgent cash needs. 

You can apply for a Biumoney loan 24 hours a day, 7 days a week with our quick application process that you can get cash within minutes.

For online loans in Zambia without collateral, fast loans and quick loans in Zambia, download and apply for Biumoney. 

Biumoney has partnered with Zambia Union of Government & Allied Workers to provide civil servants with access to a salary advance loan made available through their mobile phones anytime, anywhere.

Looking for instant online loans in Zambia? Get your Biumoney loan here.

How Do You Pay Biumoney?

  1. Dial*303#
  2. Select option 2’Pay bill’
  3. Select option 6 Retail Payment’
  4. Enter Merchant code Biu’
  5. Enter Repayment Amount.
  6. Enter Reference(Your NRC)
  7. Enter PIN (Your own PIN)

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Summary: Instant Online Loans In Zambia

Do you need instant online loans in Zambia? Try these three 4 financial institutions:

PremierCredit Zambia helps you get a loan in Zambia in 20 minutes. We provide cash advances on the go. 

Izwe Loans offer a purpose-based Personal Loan for public sector employees i.e: Civil Servants, Zambia Air Force (ZAF) and Zambia National Service.

Under Express Credit Loans you can now borrow K1500-K30000 payable within 2 to 12 months.

Biumoney has partnered with Zambia Union of Government & Allied Workers to provide civil servants with access to a salary advance loan made available through their mobile phones anytime, anywhere.

Hi there! I share blogging tips, tutorials on how to make money online and software reviews on my website to help beginners.

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