Salary-Backed Loans

Are you a salaried employee in the private sector? If yes, then you may qualify for a loan from as low as K500 and up to K10,000. Below are loan details:

Requirements:

  1. Three months pay slip
  2. Letter from HR or Director confirming your employment tenure
  3. Your are at least over 18 years old
  4. You have a Bank Account
  5. You are a Zambian resident with proof of residency (tenancy agreement or utility bill or a sketch map of your residence).

Loan conditions:

  • 10% loan insurance and processing fee for every loan applied
  • 13% monthly interest rate
  • Payments to be made monthly with a maximum of 6 months depending on the agreed terms.