Loans in Zambia | Zamcash, Soft Loans in Zambia | Zamcash Loans | page 8

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Zamcash Frequently Asked Questions

Find FAQS here.

Zamcash is owned by BIU Capiatal, which develops online lending platforms for small loans in Zambia.

We advise you not to take a loan from Zamcash. These loans come with a high interest rate. For example, If you borrow K2000 you will have to pay pack k2400, which is an interest rate of 20%. You will also have to pay this amount over a short period of time, of 14 or 30 days.

Firstly, you must be at least 21 years old. Secondly, you must be a Zambian resident. Thirdly, you should have an I.D, that is a Zambian NRC (National Registration Card). Fourthly, you must have registered a mobile money wallet with MTN or Airtel. Finally you must be formaly employed to a registered compnay and be on a stable payroll.

According to their website the Zamcash contact number is +26776435588, and is available seven days of the week from 7:30am to 9:30pm.

Firstly, log into your account online or one the app, and then view your outstanding balance. You can then make your repayment online or on your mobile phone with MTM or Airtel USSD functions. For either MTN or AIrtel dial *115#. For You can also make part payments before the due date. Once you have made your payment it will take at least 30 minutes for the system to process and clear your balance.

You should be very careful when dealing with these lending platforms. Their interest rates are very high. Also, there are also a lot of scammers on socail media pretending to be agents of these platforms. If possible stay away from online loans. Try not to borrow at all!