Has accessing a mortgage loan to build your own house been your dream? That is possible and easy when you choose the best mortgage loan providers. 

mortgage loan
Find out if you qualify for mortgage loan from different institutions mentioned below. Civil servants, business owners and other salaried workers are eligible to apply.

Best  Mortgage Providers in Zambia

In Zambia we have several mortgage loan options that can best suite your needs, just choose from the list given below.

1. Zambia National Building Society (ZNBS)

  • Named Best Mortgage Provider in 2023 & 2024, thanks to its range of products: construction, purchase, equity release, home improvement, and refinancing 
  • Offers extended terms—up to 30 years—and flexible solutions like group mortgages and diaspora financing 
  • Interest rates vary (~16%), with inspections and insurance fees attached

2. Zambian Home Loans (ZHL)

  • A dedicated mortgage lender recognized for innovation and speed; it claims to process mortgages in as little as 5 days versus ~90 days at banks 
  • Offers financing for land purchase, home buying, construction, and renovations 

3. Zanaco (Zambia National Commercial Bank)

  • Provides Home Loans and Construction Mortgages for salaried, self-employed, and rental-backed clients, with tenures up to 20 years and floating rates tied to the BoZ policy rate .

4. Commercial Banks

According to a 2025 roundup, these banks are among the top 5 mortgage lenders:

  • Stanbic Bank – finance up to 80% of value; up to 20-year terms 
  • FNB Zambia – flexible purchase or construction loans; some 100% financing options 
  • Absa Bank (Barclays) – up to 90% financing; terms up to 25 years
  • Standard Chartered – loans for purchase, land, or home improvement; up to 25-year terms .
  • Indo-Zambia, First Capital also offer mortgage products 

 Interest Rates on mortgage loans

  • ZNBS offers around 16%, though some customers report rates up to 40% for larger loans (~K600,000) 
  • Banks typically charge 16–30%+, depending on security and borrower profile 
  • On Reddit, users note rates are quite high and mortgages remain relatively uncommon—often available only to bank insiders :

“Mortgages are there but not very popular… the interest is considerably lower for them bank employees than external customers.”


After getting mortgage loan what next?.

After getting a mortgage loan, your step is to engage a contractor that will build that dream house you want. Here are the top rated house contractors handling small to medium house construction works:

1. Sieben Construction

  •  Over 10 years in operation, with a portfolio that includes flats, renovations, and landscaping. Based in Roma, Lusaka 
  •  Emphasizes eco-friendly materials, zero accidents, and strong communication.

2. Toplife Construction

  • Active since 2017 with projects in Lusaka and Kitwe 
  • Delivers residential and commercial builds, aluminium works, security features and rolling shutters.

3. Builder’s Village LTD

  •  One-stop-shop offering full home builds, consultancy, and solar system installations 
  •  Offices in Woodlands (Lusaka) and Kitwe; strong client satisfaction.

4. Concorde Construction

  •  Local branch of Ahmad Alkhatib Investments, operating since 2012 
  •  Known for turnkey residential and steel structure builds, with 30 years of backing.

5. BICON Zambia Ltd

  • Operating since 1998 as part of the BICON group 
  •  Brings multinational experience in large residential and infrastructure builds. 
Building a house can be tough especially in economically deprived nations like Zambia. To make your dream come true, getting a mortgage can be your best option. At Zamchat loans we aim at giving you a valuable insight on different loan options.