If you’ve ever used loan apps like Mwachangu or Lupiya, you might want to explore Boom Loan App Zambia — another fast, mobile-based lender that offers flexible repayment options and instant disbursement.
Let’s break down everything you need to know about Boom Loan in Zambia, including interest rates, loan limits, repayment periods, benefits, and how to download the app.
🔍 Boom Loan Zambia: Key Features
- Loan Amounts: Borrow from K100 to K5,000 instantly
- Interest Rate: 25% per loan + 1% processing fee
- Repayment Period: Standard 30 days, extendable up to 180 days (at an additional 2% extension fee)
- Eligibility: Must be over 18 years with a registered phone number
⚠️ Note: Like most mobile loan apps in Zambia, Boom Loan is convenient but comes with relatively high interest — always borrow responsibly.
📲 How to Apply for a Loan with Boom App
Getting started is simple and fully online. Here’s the step-by-step process:
- Download Boom Loan App from Google Play Store
- Create an account using your mobile number (must be Zambian and active)
- Verify your phone number via OTP (One-Time Password)
- Fill in your personal details (name, NRC, mobile money number, etc.)
- Check your loan limit automatically generated by the system
- Apply for your desired loan amount
- Receive funds directly to your mobile money wallet
- Repay in 30 days (or extend up to 180 days for a fee)
- Reapply anytime after successful repayment
✅ Benefits of Using Boom Loan Zambia
- Fully online application — no paperwork
- No upfront fees required
- 24/7 access — apply from anywhere in Zambia
- Loan limits increase as you build trust
- Option to extend repayment if needed
📞 Customer Care & Support
Boom Loan offers customer service within the app only. There is no public phone number — you can get help by opening the app and chatting with support directly.
⚠️ Final Word: Borrow Responsibly
Boom Loan App provides a quick solution for short-term financial needs. However, like all payday loan services, the interest is relatively high, and repayment periods are short. Use it wisely — especially for urgent or emergency situations.