By Jola – Financial Writer & Author

With the growing number of online lenders in Zambia, it’s important to know which ones are genuine, safe, and registered. Thankfully, the Bank of Zambia (BoZ) maintains a list of licensed non-bank financial institutions — ensuring borrowers are protected from scams and predatory lenders.

Below is a verified list of Bank of Zambia–approved lenders, offering soft loans, salary advances, and business loans — both online and via USSD codes.

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List of Registered / Legit Loan Apps in Zambia (2025 Update)

Here’s a summary of trusted and registered lenders in Zambia, their loan limits, interest rates, and customer support contacts.

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📊 Comparison Table of Registered Loan Apps in Zambia

Lender / Loan App	Registered Company	Loan Amount (ZMW)	Interest Rate	Repayment Period	Application Method	Customer Support	Remarks
KaStarta Loans	Emerald Finance Ltd	K500 – K50,000	Competitive (varies)	14 – 90 days	Dial *115# (MTN/Airtel)	111	Fast mobile loans
YesCash Zambia	Express Credit Zambia	K1,500 – K100,000	Low interest rate	Flexible terms	Dial 494120#	3334	Longer repayment schedule
Zambou Loans	Zambou Finance	Flexible (based on income)	Moderate	Short-term	Physical branches (Kitwe, Ndola)	0966919073 / 0966998106	Salary advance loans
Extenda Zambia	Extenda Finance Ltd	K500 – K250,000	Low interest	1 – 72 months	Office or online	–	SME & business loans
Tandiza Finance	Tandiza Finance Ltd	Variable	Low & flexible	Custom	Call or visit	0961768350	SME & salary loans
Biu Capital (ZamLoan)	Biu Capital Ltd	From K500	Affordable	14 – 30 days	Online / app	–	No collateral loans
Unifi Credit Zambia	Unifi Credit Ltd	Varies by profile	From 6%	Short-term	Dial *414# / UniApp	0966414414	Loans in under 20 minutes

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Detailed Review of Each Registered Loan App

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1️⃣ KaStarta Loans Zambia – By Emerald Finance Ltd

KaStarta is one of the most convenient mobile loan services in Zambia. Operated by Emerald Finance Ltd, it is fully licensed by the Bank of Zambia.

• Loan Amount: K500 – K50,000
• Application: Dial *USSD *115# on MTN or Airtel
• Customer Support: 111
• Highlight: Instant approval, minimal paperwork, and direct mobile disbursement.

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2️⃣ YesCash Zambia – By Express Credit Zambia

YesCash provides reliable payday, civil servant, and open market loans. It’s known for low interest rates and longer repayment terms.

• Loan Amount: K1,500 – K100,000
• Repayment: Flexible schedules
• Apply via: USSD *494*120#
• Customer Care: 3334
• Highlight: Perfect for salary earners and traders needing emergency cash.

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3️⃣ Zambou Loans Zambia

Registered under the Bank of Zambia, Zambou provides salary advances and quick personal loans.

• Branches: Kitwe & Ndola
• Contact: 0966 919073 / 0966 998106
• Highlight: Great for employed clients seeking short-term cash flow relief.

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4️⃣ Extenda Zambia

Extenda is a trusted source of business loans for SMEs, startups, and established companies.

• Loan Range: K500 – K250,000
• Repayment: 1 – 72 months
• Highlight: Transparent pricing and long-term repayment flexibility.

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5️⃣ Tandiza Finance Zambia

Tandiza Finance offers quick loans and SME financing at friendly rates.

• Customer Support: 0961 768350
• Highlight: Provides both personal and business loans; fully licensed by BoZ.

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6️⃣ Biu Capital (ZamLoan)

Biu Capital offers short-term unsecured loans — no collateral needed.

• Loan Range: From K500
• Repayment: 14–30 days
• Highlight: Great for emergencies and short-term financial gaps.

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7️⃣ Unifi Credit Zambia

Unifi Credit is known for super-fast loans — often within 20 minutes.

• Interest Rate: From 6%
• Application: *USSD *414# or via UniApp
• Customer Support: 0966 414414
• Highlight: Reliable, quick, and easy-to-use platform.

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🏢 Other Notable Bank of Zambia–Registered Non-Bank Lenders

The following companies are also listed on the Bank of Zambia’s official directory of licensed financial service providers:

• Nchanga Finance
• Microloan Zambia
• Kukumba Solutions
• Izwe Zambia
• Fair Choice Finance
• Eleazar Finance
• ASA Microfinance Zambia
• ZED-Finance
• Inde Credit
• Agora Microfinance
• ALS Capital
• FMC Finance
• Good Fellow Finance

These lenders offer a mix of civil servant loans, business financing, and emergency personal loans.

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Frequently Asked Questions (FAQ)

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1️⃣ Are these loan apps genuine?

✅ Yes. All lenders listed here are licensed and regulated by the Bank of Zambia (BoZ) — ensuring your loan is protected under national financial laws.

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2️⃣ How can I verify a lender’s legitimacy?

Visit the Bank of Zambia official website and check the list of licensed non-bank financial institutions. Always confirm before applying.

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3️⃣ What documents are required?

Most registered lenders in Zambia require:

• Valid NRC (National ID)
• Proof of employment or business income
• Active mobile number (MTN, Airtel, or Zamtel)

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4️⃣ Can I get a loan without collateral?

Yes. Apps like Biu Capital, KaStarta, and Tandiza Finance offer unsecured loans based on your credit profile.

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5️⃣ How fast are the loans processed?

Apps such as Unifi Credit and KaStarta can process loans in under 30 minutes, depending on verification.

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6️⃣ What happens if I don’t repay on time?

Late repayments may lead to penalties, higher interest rates, or credit restrictions. Always repay on time to improve your loan limit.

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Final Thoughts — By Jola

Zambia’s lending sector is evolving, offering safe, fast, and digital loan options regulated by the Bank of Zambia. Whether you’re a civil servant, entrepreneur, or trader, these registered loan apps ensure you can access credit securely — without falling prey to unlicensed lenders.

Always remember:

“Borrow wisely. Repay promptly. Only trust Bank of Zambia–approved lenders.”

With that discipline, financial freedom is within your reach!!