Vehicle Finance in Zambia: questions
Who finances cars in Zambia?
Banks such as Stanbic (Vehicle Finance) and Zanaco, plus asset-finance and leasing companies. Compare a bank, in-house dealer finance and salary-backed options side by side.
New vs used car loans?
Banks prefer newer cars with clear papers (white book). Used-car finance usually means shorter terms and higher rates, so confirm the age limit before choosing a car.
What documents are needed?
Typically NRC, payslip or proof of income, bank statements, and the vehicle papers or valuation. Self-employed buyers need business records.
Can the car be repossessed?
Yes. The vehicle secures the loan. Check the agreement for how many missed payments trigger repossession and what fees apply.
Vehicle & asset finance
Personal & salary-backed loans
Zanaco School Fees LoanK5,000–K15,000webDuration: Up to 1 yearStanbic School Fees LoanUp to K800,000webPumnat Finance Civil Servant LoanK500–K250,000⏱48 hourswebDuration: 36 months · Lusaka · Copperbelt · Central +7 moreExpressCredit Open Market LoanK200–K20,000⏱24 hoursOnlinewebbranchRate: 84% (period not specified) · Duration: 12 months · Lusaka · Copperbelt · Southern +1 moreExpressCredit GRZ LoanK200–K100,000⏱24 hoursOnlinewebussdbranchRate: 84% (period not specified) · Duration: 24 months · Lusaka · Copperbelt · Southern +7 moreUnifi Credit Cash LoanK1,000–K100,000⏱24 hoursOnlinebranchappwebRate: 65% (period not specified) · Duration: 3 months · Lusaka · Copperbelt · Southern +2 moreTandiza Finance Payroll LoanK1,000–K50,000⏱24 hourswebbranchRate: 5% (period not specified) · Duration: 3 months · Lusaka · Copperbelt · Southern +7 morePremierCredit Zambia PaydayK500–K20,000⏱24 hoursOnlineappbranchussdRate: 12% (period not specified) · Duration: 30 days · Lusaka · Copperbelt · Southern +1 moreUnifi Credit Personal LoanK300–K42,000⏱24–48 hourswebRate: 65% (period not specified) · Duration: 3–12 months · Lusaka · Copperbelt · Southern +2 moreZanaco Scheme LoanK5,000–K850,000⏱3–5 dayswebRate: 23% (period not specified) · Duration: Up to 72 months · Lusaka · Copperbelt · Southern +7 moreStanbic Personal LoanUp to K800,000⏱1–3 dayswebRate: 10% (period not specified) · Lusaka · Copperbelt · Southern +7 moreABSA Zambia Personal LoanK1,000–K500,000⏱3–5 dayswebRate: 10% (period not specified) · Duration: 12–60 months · Lusaka · Copperbelt · Southern +7 moreABSA Zambia Education LoanK5,000–K200,000⏱3–5 dayswebRate: 10% (period not specified) · Duration: Up to 36 months · Lusaka · Copperbelt · Southern +2 moreBayport Zambia Payroll LoanK1,000–K400,000⏱24–48 hourswebRate: 10% (period not specified) · Duration: Up to 60 months · Lusaka · Copperbelt · Southern +2 moreBayport Zambia Civil Servants LoanK5,000–K500,000⏱24–48 hourswebRate: 10% (period not specified) · Duration: Up to 84 months · Lusaka · Copperbelt · Southern +7 moreIzwe Loans Personal LoanK1,000–K150,000⏱1–3 dayswebRate: 62.35% (period not specified) · Duration: Up to 60 months · Lusaka · Copperbelt · Southern +1 moreIzwe Loans Salary AdvanceUp to K3,500⏱1–3 dayswebRate: 62.35% (period not specified) · Duration: 1–3 months · Lusaka · CopperbeltMadison Finance Personal LoanK1,000–K300,000⏱2–5 dayswebRate: 10% (period not specified) · Duration: 12–48 months · Lusaka · CopperbeltAtlas Mara Personal LoanK1,000–K350,000⏱2–5 dayswebRate: 10% (period not specified) · Duration: 12–48 months · Lusaka · CopperbeltAtlas Mara Personal Loan (Large)K1,000–K500,000⏱2–5 dayswebRate: 10% (period not specified) · Duration: 12–60 months · Lusaka
