Top 5 Online Loan Apps in Zambia

Top 5 Online Loan Apps in Zambia

Access to quick loans has become much easier in Zambia, thanks to online loan providers. With a smartphone and an internet connection, you can now apply for and receive a loan without visiting a bank or filling out extensive paperwork.

Online loan apps are revolutionizing finance in Zambia by giving customers access to short-term personal loans conveniently through their phones. The loans are typically small amounts, up to a few thousand Kwacha, which can be paid back in a few months.

If you need cash fast for an emergency, starting a business, for school fees, or to cover costs until your next paycheck, consider using one of these top online loan apps in Zambia.

1. Tala

Tala is one of Zambia’s popular online loan apps, in Zh over a million customers across Africa.

Why Choose Tala?

  • Quick sign-up process. Just download the app, fill in some personal details, and you can get approved for a loan in minutes.
  • Loan amounts up to K5,000.
  • Repayment terms from 1-3 months
  • No hidden fees or penalties for early repayment

Tala assesses your creditworthiness using alternative data such as mobile money usage, daily activity patterns, and contacts to determine affordability. Even if you don’t have a credit history, you can still qualify for a Tala loan.

The quick and convenient application process, alo, and access to emergency funds are areTala is the #1 choice for many Zambians who need short-term loans.

2. Branch

Branch has also become a top choice for accessing quick loans through your mobile phone in Zambia.

Why Choose Branch?

  • Get approved for loans up to K2,500
  • Repay over three months
  • No paperwork or bank account required
  • Loans are disbursed instantly to MTN or Airtel Money

Branch uses innovative analytics and algorithms to evaluate thousands of data points from your phone, including SMS, calls, contacts, and other apps, to determine your eligibility for a loan in seconds.

With flexible repayment schedules and no hidden fees, Branch makes getting a short-term loan convenient, fast, and transparent.

3. Monash

Mokash is an African fintech company that offers unsecured personal loans delivered instantly through mobile phones.

Why Choose Mokash?

  • Borrow up to K5,000
  • Repay over 1-6 months
  • Loans disbursed in minutes
  • Fixed interest, no hidden costs

Monash has an easy registration process requiring your national ID and phone number. Even if you don’t have a credit history, you can qualify for their starter loans and, over time, access more significant loan amounts at better rates.

The online application is quick, and funds are sent directly to mobile money. Monash also has excellent customer support on WhatsApp if you have any issues.

4. Advance Mobile Pay

Advance Mobile Pay (AMP) Cash offers quick loans through mobile phones starting from as little as K10.

Why Choose AMP Cash?

  • Microloans from K10 up to K1,000
  • 1-90 days repayment terms
  • Fast approval and disbursement
  • Build your credit score for larger future loans

AMP Cash is easy for anyone with an Airtel line and Airtel Money account. Their loans are convenient when you need just a tiny amount of cash for a short time. And repaying helps improve your creditworthiness with AMP Cash.

5. Pezesha

Pezesha is a leading micro-lending app in Africa that offers quick access to emergency funds.

Why Choose Pezesha?

  • Borrow up to K1,000
  • Fixed 15% flat interest rate
  • Loans paid within 1-3 months
  • Fast approvals & disbursement

Pezesha allows you to apply for a loan anytime, anywhere, from your phone. They evaluate alternative data from your mobile use, identity details, and other sources to assess your loan application in minutes.

Quick loans help cover unexpected costs while building your credit history over time. Pezesha is focused on financial inclusion for underserved consumers across Africa.

How Do Online Loan Apps Work?

Getting a quick loan through your smartphone from an online lending app is a simple process:

  • Download the loan app: Search for the lending app in Google Play or Apple App Store. Install and open it on your phone.
  • Register an account: Provide your details like name, ID number, phone number, mobile money details, etc.
  • Get assessed: The loan app will determine your creditworthiness using your data, mobile money usage, contacts, and other phone activity. This alternative credit scoring allows approval without a formal credit history.
  • Receive loan offer: If approved, you will get a loan offer specifying the amount, fees, terms, and repayment schedule. This usually takes just minutes.
  • Accept offer: Review and accept the loan offer if you agree to the terms.
  • Loan disbursal: Once received, the loan amount will be instantly sent to your mobile money account.
  • Repay loan: Repay the loan and fees according to the set schedule through mobile money or as agreed. Failing to repay affects your credit score and loan eligibility.

Benefits of Using Online Loan Apps

Compared to traditional loans, online lending apps provide Zambians with many advantages, such as:

  • Convenience: Apply for loans anytime, anywhere, directly from your phone without paperwork.
  • Speed: Get approved and receive funds often in minutes rather than waiting days or weeks.
  • Lower barriers: Alternative credit scoring allows access to loans without a formal credit history.
  • Flexibility: Loan amounts are tailored to your needs, even small loans of K10. Repayment schedules can vary from 1 week to 6 months.
  • Transparency: Loan terms, fees, and programs are clearly shown upfront through the app before accepting. No hidden costs.
  • Build credit: Regular on-time repayments are recorded to help build your credit profile and unlock larger future loans at better rates.
  • Financial inclusion: Online lending apps promote access to short-term financing for underserved and unbanked populations.

Factors To Consider When Choosing A Loan App

While online loan apps provide many benefits, you should still compare your options carefully when selecting one:

  • Loan amount: Borrow only what you need and can comfortably repay. Apps offer varying maximum amounts.
  • Fees: Check if any fees are charged and compare the total cost of credit between apps.
  • Loan term: Choose a time that aligns with your income schedule and repayment ability. Terms range from 1 week to 6 months.
  • Reputation: Read user reviews and complaints to gauge the app’s trustworthiness and customer service.
  • Data privacy: Review the app’s data policy regarding personal information use.
  • Credit impact: Using an app that reports your repayment history can help build your credit profile.


Online loan apps now provide Zambians with quick and easy access to emergency funds directly through their mobile phones. Tala, Branch, Mokash, AMP Cash, and Pezesha are among the top options to consider for short-term microloans.

Their convenient sign-up, fast approval, and instant disbursement make them ideal when you need funds rapidly. And repaying these loans also helps establish a credit history over time. So leverage the digital financial inclusion offered by these loan apps but borrow responsibly based on your needs and repayment capability.


Q: Are online loans regulated in Zambia?

A: Yes, online lending apps and digital financial service providers are regulated under the Bank of Zambia and must follow fair lending practices. ZICTA also oversees its telecom services.

Q: How fast can I get a loan from an app?

A: Most of the top loan apps in Zambia can assess your application in minutes and disburse approved loans to your mobile money instantly. The whole process usually takes less than 10 minutes.

Q: Can I get a loan without a payslip?

A: Yes, the alternative data used for eligibility assessment allows salaried, self-employed, and informal workers to qualify without formal payslips. Your mobile usage and history are evaluated.

Q: What if I already have debt or bad credit?

A: Those with existing debt can qualify for online loans but may get lower loan amounts with shorter repayment terms until they build creditworthiness over time.

Q: How do I repay my online loan?

A: Most lenders disburse loans instantly to mobile wallets. You can repay the loan in full or make scheduled payments as agreed directly from mobile money. Late repayments negatively impact your credit rating.