Access to soft loans without collateral has become easier in Zambia thanks to the growth of online lenders and mobile loan apps. Whether you are a civil servant, business owner, farmer, driver, or student, you can now apply for instant credit directly from your phone or computer.
In this article, we review 15 trusted online lenders in Zambia offering quick, collateral-free loans. These lenders include both new and established players licensed to operate in Zambia.
1. Lupiya Zambia
Website: www.lupiya.com
Loan Amounts: K500 – K1,000,000
Eligible Borrowers: Civil servants, police officers, farmers, Yango drivers, business owners, and salaried employees.
Interest Rates: Competitive rates starting from around 10% per month (varies by product).
Repayment: Flexible terms depending on loan type.
How to Apply: Download the Lupiya App or visit their website to apply online.
Customer Support: Email – support@lupiya.com
2. Nazo Cash Zambia
Website: www.nazocash.com
Loan Amounts: From K500 upward
Interest Rate: Depends on loan size and repayment duration.
Repayment: Within 30 to 90 days.
How to Apply: Complete your application fully online via their website.
Support: Available on the website contact form.
3. Premier Credit Zambia
Website: www.premiercredit.co.zm
Loan Range: K500 and above
Borrowers: Employed individuals and the unbanked population.
Interest Rate: From 5% per month.
Repayment: Flexible schedules.
Application: Online via the website or through registered agents.
Support: Email – info@premiercredit.co.zm
4. Izwe Loans Zambia
Website: www.izwezambia.com
Loan Limit: Up to K3,500
Eligibility: Salaried employees, especially in the public sector.
Interest Rate: From 10% per month.
Repayment: Monthly payroll deductions or direct repayment.
Support: Email – info@izwezambia.com
5. Unifi Credit Zambia
Website: www.unifi.credit
Loan Amounts: From K1,000
Target Group: Formally employed Zambians.
Interest Rate: From 8% per month.
Repayment: Through salary deductions.
Application: Apply online via the website or in their branches.
Support: Email – info@unifi.credit
6. Extenda Zambia
Website: www.extendafin.co.zm
Loan Products: Salary advances, payroll loans, and product financing.
Loan Amounts: Based on income level.
Interest Rates: Competitive and affordable.
Application: Apply directly via the website.
Support: info@extendafin.co.zm
7. Bayport Zambia
Website: www.bayportzambia.com
Loan Range: K500 – K100,000
Eligibility: Civil servants and private-sector employees.
Interest: As low as 10% per month depending on loan size.
Repayment: Monthly salary deduction.
Support: Email – customerservice@bayportzambia.com
8. Impiya Loan App
Loan Range: K2,000 – K20,000
Interest Rate: From 12% per month.
Repayment: Within 30 to 90 days.
Application: Download Impiya App from Google Play Store and register.
Support: Via in-app chat or help section.
9. Nguzu Loan App
Loan Amounts: From K500 upward
Interest: Low, varies by repayment duration.
Repayment: Flexible, 14 to 60 days.
How to Apply: Download Nguzu Loan App from Google Play Store.
Support: In-app customer service.
10. Ngudo Loan App
Loan Range: From K100
Interest Rate: From 8% per month.
Repayment: 15–60 days.
Application: Via Ngudo App on Google Play Store.
Support: Email or in-app chat.
11. Mwachangu Loan App
Loan Range: K100 – K5,000
Interest Rate: Low and flexible.
Repayment: Within 30 days or as agreed.
Application: Download Mwachangu App from Google Play Store and register.
Support: mwachanguhelp@gmail.com
12. Fairmoney Loan App Zambia
Loan Range: From K500
Interest Rate: From 10% monthly.
Repayment: 30 to 90 days.
Application: Download Fairmoney App from Google Play Store.
Support: support@fairmoney.com
13. PowerKwacha Loan App
Loan Range: K100 – K5,000
Interest Rate: As low as 8% per month.
Repayment: 30–90 days.
How to Apply: Download PowerKwacha App from Google Play Store.
Support: In-app assistance.
14. Credichola Loan App
Loan Amounts: K100 – K20,000
Interest Rate: From 10% per month.
Repayment: Within 30–60 days.
Application: Download Credichola App from Google Play Store.
Support: Via in-app helpdesk.
15. KaStarta Loans Zambia
Provider: Emerald Finance Ltd
Loan Amounts: K50 – K5,000
Interest Rate: From 5% per month.
Repayment: 14 to 60 days.
How to Apply: Dial *115# on MTN or Airtel, register, and follow prompts.
Support: Call center number available via Emerald Finance website.
Comparison Table of Online Lenders in Zambia
| Lender | Loan Range (ZMW) | Interest Rate | Application Mode | Target Group |
|---|---|---|---|---|
| Lupiya | 500 – 1,000,000 | From 10% | App / Website | Civil servants, farmers, SMEs |
| Nazo Cash | From 500 | Varies | Website | General public |
| Premier Credit | From 500 | From 5% | Website | Employed & unbanked |
| Izwe | Up to 3,500 | From 10% | Website | Salaried workers |
| Unifi | From 1,000 | From 8% | Website | Formally employed |
| Extenda | Custom | From 10% | Website | Salaried employees |
| Bayport | 500 – 100,000 | From 10% | Website | Civil servants |
| Impiya | 2,000 – 20,000 | From 12% | App | General public |
| Nguzu | From 500 | Low | App | All users |
| Ngudo | From 100 | Low | App | All users |
| Mwachangu | 100 – 5,000 | Low | App | All users |
| Fairmoney | From 500 | From 10% | App | General public |
| PowerKwacha | 100 – 5,000 | From 8% | App | All users |
| Credichola | 100 – 20,000 | From 10% | App | General users |
| KaStarta | 50 – 5,000 | From 5% | USSD *115# | MTN/Airtel users |
Frequently Asked Questions (FAQ)
1. Can I get a loan in Zambia without collateral?
Yes. Most online lenders in Zambia such as Lupiya, Mwachangu, and Fairmoney offer unsecured loans that don’t require collateral — only proof of income or good repayment history.
2. How fast can I receive a loan after applying?
Loan approval and disbursement can take as little as 5 minutes for mobile loan apps, while bank-based lenders may take 1–2 business days.
3. What are the typical repayment periods?
Repayment periods range from 14 days to 90 days, depending on the loan provider.
4. Do these lenders check my credit score?
Some, like Premier Credit and Lupiya, may perform basic credit checks to determine loan eligibility, while others rely on repayment history within their app.
5. What happens if I default on a loan?
Failure to repay on time can lead to penalties, blacklisting, or restricted future access to loans. Always repay promptly.
6. Are these online lenders regulated in Zambia?
Most of the established ones (Lupiya, Premier Credit, Bayport, etc.) operate under the supervision of the Bank of Zambia (BoZ) or relevant financial authorities.
Final Thoughts
Online lending in Zambia continues to grow, making access to credit more inclusive and convenient. Whether you’re a farmer, student, businessperson, or employee, you can now apply for loans without stepping into a bank — directly from your phone.
However, always borrow responsibly, compare interest rates, and read loan terms carefully before committing.