Compare personal loans in Zambia

By the Rateweb editorial team · How we rate · Product details checked 30 Jul 2026

Compare personal loans from banks and licensed lenders in Zambia. Borrow only from providers licensed by the national regulator, and read the full cost of credit (interest plus fees) before you apply.

⭐ Ratings & awards are Rateweb's independent editorial opinion — how we rate.

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3 results
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Bayport Zambia Payroll Loan

The best-known salary-deduction lender: repayment comes off your pay before you see it, terms run up to 60 months, and the price is not published — so insist on the total repayable.
Salary deduction (payroll)
Type
1–60 months
Term
No
Rate Published
Bank of Zambia
Regulator
Pros
  • Approval leans on your payslip, not your credit file
  • Terms from 1 to 60 months
  • Established, BoZ-regulated lender
Cons
  • No published interest rate or fee schedule
  • Long terms make small instalments very expensive overall
  • Deduction happens before your salary reaches you
Fees, eligibility & documents
Fees
Interest rateNot published — demand the total repayable in writing
Term1 to 60 months
Approval basisAffordability rating on your payslip
View at Bayport

Izwe Loans Zambia

Another established payroll lender competing for the same civil-service and formal-employment market — same deduction-at-source model, same need to ask for the all-in cost.
Salary deduction (payroll)
Type
No
Rate Published
Bank of Zambia
Regulator
Pros
  • Salary-deduction model — accessible if banks decline you
  • Established name on the BoZ register
  • Competes directly with Bayport, so it is worth quoting both
Cons
  • Pricing is not published online
  • Payroll deductions stack — easy to over-commit your salary
  • Early-settlement terms need to be confirmed in writing
Fees, eligibility & documents
Fees
Interest rateNot published — request the total repayable
Early settlementConfirm the terms before signing
Check the BoZ register
Usually cheaper

Zanaco Personal Loan

A bank personal loan from Zambia's largest bank by assets — harder to qualify for than a payroll loan, and usually the cheaper option if you do.
Bank personal loan
Type
Reducing balance (confirm)
Rate Basis
No
Rate Published
Pros
  • Bank loans are normally quoted on a reducing balance, not a flat rate
  • Zambia's largest bank by assets (about K41.7bn)
  • Existing customers can often borrow against salary history
Cons
  • Stricter qualification than a payroll lender
  • Rate is not published — quoted per application
  • Slower than an app-based or payroll loan
Fees, eligibility & documents
Fees
Interest rateNot published — quoted on application
BasisTypically reducing balance (ask to confirm)
View at Zanaco

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.