Zamcash is a Zambian fintech app that offers instant, small–ticket loans (typically K500–K3,500+, sometimes up to K5,000) with minimal paperwork—no collateral, no guarantors. Funds are disbursed directly to MTN/Airtel mobile money wallets in about 5 minutes
How ZamCash works:
- Download the app (Android via Play Store or APK, iOS/web may also be supported).
- Register with basic personal info (NRC number, phone, income, etc.) .
- Choose loan amount and tenor (usually 14 or 30 days); app displays interest and repayment total in advance .
- Submit, get approval & money via mobile money in 5 minutes
Key features
- Loan amounts: from ~K500 up to ~K3,500–5,000 for repeat borrowers
- Tenors: short (14 days) or longer (30 days); repeat customers may get higher limits .
- Interest rates: Typically 25–30% monthly (varies with amount & tenure)
- Eligibility: Zambian citizens age 21–60 with a valid NRC and mobile money account
- Requirements: No collateral or guarantor. Self-employed applicants can apply.
- Regulation: Licensed by the Bank of Zambia via Biu Capital Ltd
Benefits:
- Super fast application and disbursement.
- No paperwork or asset pledging.
- Only mobile phone and NRC needed.
- Good for emergency cash & small business needs.
- Timely repayment builds credibility and unlocks higher loan options
Things to watch:
- High interest: 25–30% for short-term loans means effective annual rates are steep.
- Late fees: Missing repayment dates can incur significant penalties or blacklist you
- Loan cap: Initial amounts are modest; increase requires consistent repayment history.
- Data use: Requires sharing personal and employment information.
- Privacy caution: Avoid third‑party sites; use their official website/app.
Getting started:
- Visit the official Zamcash app site or download the Android app
- Register with your NRC, phone number, and basic personal details.
- Apply for a small amount first, repay on time to build credit history for higher limits.
Pro tip: Track repayment dates via app reminders or SMS to avoid late fees.
Why use Zamcash App?
Here are the key advantages of using the ZamCash app:
Fast Access to Cash
- Instant approval and disbursement – Money hits your mobile wallet (MTN/Airtel) within 5 minutes after approval.
No Collateral or Guarantors
- You don’t need to offer any property or bring someone to guarantee the loan—just your ID and phone number.
Simple Application Process
- Everything is done through the app. No paperwork. No in-person visits. Just fill out basic details and submit.
24/7 Availability
- Apply any time, even on weekends or holidays. No need to wait for banks to open.
Credit Limit Grows Over Time
- Repay on time and you’ll qualify for larger amounts in future—starting from K500 up to K3,500 or more.
Good for Emergencies
- Whether it’s school fees, medical expenses, airtime, or rent, ZamCash is designed for small, urgent cash needs.
Supports Self-Employed Users
- You don’t need to be formally employed. Many small business owners use ZamCash to smooth cash flow.
Mobile Money Integration
- Loans are disbursed and repaid through Airtel Money or MTN Mobile Money—no need for a traditional bank account.
ZamCash app is one of Zambia’s most convenient and fast mobile lending options for quick loans under K5,000—but the interest rates are high, so it’s best used for emergencies or short-term needs when you can repay on time.
Related: Top loan apps in Zambia
