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 (i.e., the borrower) 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. Top Best Soft Online Loans in Zambia
The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent.
Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
Here is a List of Top Best Soft Online Loans in Zambia
Izwe Loans Zambia
Izwe is a financial solutions company primarily offering personalloans to government and selected parastatal employees as well as secured lending products to individuals and SMEs.
Izwe is a subsidiary of the Izwe Africa Group, an international financial solutions group that operates in Ghana, Kenya and Zambia. The group’s headquarters are located in Mauritius. Izwe was established in early 2008 and started serving customers in December 2008.
Izwe is a non-deposit taking financial business registered with and licensed by the Bank of Zambia (BOZ). It is also regulated by the Securities Exchange Commission (SEC), the Pensions and Insurance Authority (PIA) and the Lusaka Stock Exchange (LuSE).
Izwe has branches in the following locations: Chipata, Chinsali, Kabwe, Kasama, Kitwe, Livingstone, Lusaka, Mansa, Mongu and Solwezi. To view our branch locator, click here.
ElitePay Loans Zambia
The ElitPay Loan Package is a salary advance loan designed for employees working for companies that have signed a Memorandum of Understanding (MOU) with us. Companies or Organizations with a minimum of five employees or more and have been in existence for more than 2 years can have their employees covered under this package.
- +260 953 312 201
- info@elitpayzambia.com
Lupiya Loans
Lupiya is an award-winning, venture-backed fintech startup that provides online loans. Customers can apply for online loans via lupiya website. Loan approval is fast.
Representative Example (excluding credit life insurance) of a K10,000 loan over 12 months
| INTEREST RATE | LOAN VALUE | LOAN TERM | TOTAL AMOUNT | MONTHLY INSTALMENT | |
| 35-59% | K10,000 | 12 Months | K15,923.39 | K1,326.95 |
ZamCash Loans
To get soft loans from this lender ,you must download ZamCash loan app from Google play store and create your account.
- No Paperwork
- Apply 100% via mobile
- Receive mobile money within 5 minutes
Premier Credit Loans Zambia
PremierCredit is an International financial technology company that operates as an online microlending and Investment platform in emerging markets in Southern Africa.
Its headquarters are in the business and cross-border investment hub for Africa, Mauritius. They are licensed and regulated by the Financial Services Commission (FSC), enabling us to provide inclusive financial services in the whole of Africa.
Premier Credit is one of the most popular credit providers in Zambia. Loans ranges from K3,000 to K100,000.
Express Credit Loans
Express Credit is an award-winning, venture-backed fintech startup that provides online loans. Borrowers can apply for soft loans online on Express Credit website. Loans range from K1,500 to K30,000
Hi Loans
This is the most popular loan app in Zambia. To get soft loans,you will need to download hiloans app from Google play store and create your account.
AmberCash Loans
Amber Cash provides fast online soft loans to borrowers in Zambia. To get the Loans you’ll have to download AmberCash loan app from Google play store and create your account.
Biu Money Loans
Biu is another loan app in Zambia. You can download and install biumoney loan app from Google play store and create your account before applying for the soft loans.
