Terms and Conditions

Last Updated: [September 1, 2023]

Thank you for choosing Kaspa Credit for your financial needs. Please carefully read and understand the following terms and conditions before proceeding with your loan application. By accessing or using our services, you agree to abide by these terms and conditions.

1. Loan Eligibility and Borrowing Limit

To be eligible for a loan with Kaspa Credit, you must meet our minimum eligibility criteria, which include being of legal age in Zambia, providing accurate and verifiable information, and meeting our creditworthiness standards. The borrowing limit is determined based on your creditworthiness.

2. Loan Terms

Kaspa Credit offers monthly loans payable on the last business day of each month. When you borrow from us, you are expected to repay the loan amount along with the applicable interest and any other fees on or before the due date. If you do not hear from us within two business days, it is because your application did not comply with our terms and conditions.

3. Interest Rates

Our standard interest rate is 20% per month. Late payments made three days after the due date will result in a penalty fee that will raise the interest rate to 30% of your initial borrowed amount.

4. Loan Extension

If you wish to extend your loan, please be aware that the total repayment amount, which includes the old interest amount, will be multiplied by the original interest rate again. For example, if you borrowed K1,000 last month at a 20% rate, the total repayment amount would be K1,200. If you decide to extend the loan this month, the amount you were supposed to pay back (K1,200) will be multiplied by the original interest rate (20%) again.

Kaspa Credit reserves the right to accept or reject a loan extension request at its sole discretion. Kaspa Credit may choose to reject a loan extension request if it believes, for reasons that may not be disclosed to the borrower, that the borrower may not be able to fulfill their repayment obligations. If the borrower does not make the required payments following a loan extension request that is denied, legal action as outlined in the ‘6. Loan Default and Remedies’ section may be taken.

5. Collateral

Kaspa Credit may request collateral to secure your loan. If you default on your loan, Kaspa Credit has the right to sell your provided collateral to cover the outstanding debt if the loan is not paid back within seven (7) days after the due date.

6. Loan Default and Remedies

If the loan is not cleared within 7 days after the due date and no loan extension has been requested by the borrower, Kaspa Credit reserves the right to take the following actions:

  • Reporting to the Credit Reference Bureau: Kaspa Credit may report the borrower’s delinquent account to TransUnion Zambia or any other relevant Credit Reference Bureau, which may have an impact on the borrower’s credit history.
  • Engagement of Company Lawyers: Kaspa Credit may engage its company lawyers to pursue the matter and notify the borrower of legal actions being taken to recover the outstanding debt.
  • Legal Action: Kaspa Credit may report the matter to any nearby local court or the magistrate court in Zambia and engage the services of court bailiffs to assist in the recovery of the outstanding loan amount. Legal costs associated with this action will be added to the borrower’s outstanding debt.
  • Involvement of Police: In the event of violence, threats, or any criminal activities related to the loan non-repayment, Kaspa Credit reserves the right to involve law enforcement agencies, including the police, to conduct investigations and intervene appropriately.
  • Notification of Employer or Bank: Kaspa Credit may contact the borrower’s employer or bank to schedule the repayment of the outstanding loan amount from the borrower’s future paychecks, in accordance with any standing order or authorization previously provided by the borrower.”
7. Responsible Borrowing

We advise our esteemed clients to borrow only what they can afford to repay by the end of the month. Failure to repay the loan within the specified time may result in additional penalty fees.

7. Repayment Options

You can repay your loan through the following methods:

  • Bank Transfer:

    • Ecobank Zambia Limited: 5622500004079
    • Absa Bank Zambia Limited: 0201034221
    • UBA Bank Zambia Ltd: 9030520025282
    • Zambia National Commercial Plc: 5068926200336
  • Mobile Money:

    • 543 Payment 👍 – Call us on  0773833600 
    • Airtel Agent Code – 0773833600 (Paul Mbulo)
  • Cash: Available in all Kaspa Credit branches.

Please use your loan number or NRC number as a reference when depositing funds.

8. Contact Information

If you have any questions or need assistance, please feel free to contact us at +260973980092.

Use of Information

Unless restricted by applicable laws, you agree that any and all personal information or data relating to you collected by Kaspacredit.com from this Web site may, from time to time, be used and disclosed for such purposes and to such persons as may be in accordance with Kaspacredit.com’s prevailing Data Protection and Privacy Policy as amended from time to time and the laws and regulations of the Republic of Zambia.
In relation to any information or materials that you submit to Kaspacredit.com using this site, you hereby grant Kaspacredit.com a worldwide royalty-free perpetual license of the copyright and intellectual property rights in such information or materials for any purpose it deems appropriate, including, without limitation, the copying, transaction, distribution, and publication thereof, unless restricted by applicable laws.

Personal Information

We may collect personal information that you voluntarily provide to us, such as your name, address, email address, phone number, social security number, financial information, and other personally identifiable information, when you apply for a loan or interact with our services.

Cookies and Tracking

We may use cookies and similar tracking technologies to enhance your experience on our site. These technologies collect information about your browsing behavior, such as pages visited, links clicked, and other actions you take on our site. This information is used to analyze trends, administer the site, track users’ movements around the site, and gather demographic information about our user base as a whole. You can control the use of cookies through your browser settings.

Additional Information

In addition to the information mentioned above, we may collect additional information, such as your IP address and precise location, for security reasons, and to verify your identity. We may also request permission to access your device’s camera to capture photos or brief videos if necessary for identity verification purposes.

Please note that such information will only be collected if you grant us permission by checking the box next to the Terms and Conditions on the form. We value your privacy and will always strive to ensure your data is handled with the utmost care and in compliance with applicable privacy laws. We encourage you to review our Terms and Conditions and Privacy Policy to understand how your information is used and protected.


You hereby agree to indemnify and to keep Kaspacredit.com fully and effectively indemnified against any action, liability, cost, claim, loss, damage, proceeding or expense (including legal fees, costs and expenses on a full indemnity basis) suffered or incurred by Kaspacredit.com arising from or which is directly or indirectly related to your violation of these terms or any third party’s rights, including, but not limited to, copyrights, proprietary and privacy rights

By using Kaspa Credit’s services, you acknowledge that you have read and understood these terms and conditions and agree to comply with them. Kaspa Credit reserves the right to modify these terms and conditions at any time without prior notice. It is your responsibility to review them periodically for any updates or changes.

Salary Advance

This loan product is designed to provide individuals with a portion of their salary in advance, helping them meet immediate financial needs.

Student Loan

A student loan functions as a financial aid option provided to students to help cover the expenses associated with their education.

Business Loan

A business loan provides funding for business expenses, aiding entrepreneurs in starting, expanding, or managing business.

Collateral Based

Collateral-based business loans use assets as security, providing financing for business purposes, such as expansion or purchasing assets.

How it works

We are committed to delivering quick financial services to our customers and will continue to optimize our procedures for faster processing times. You can take advantage of our simple 4-step loan application process for your next borrowing needs.

Select a Loan Type

Choose the type of loan that best fits your needs, and utilize the loan calculator to determine the precise loan amount.

Check Eligibility

Using our eligibility calculator, you can quickly evaluate whether you should proceed with the application procedure, saving you time.

Complete Application

If you are eligible, you will be asked to fill out all of the necessary information so that Kaspa Credit can process your loan within 10 minutes to 24 hours. As your loan is processed, you will receive notifications.


Our team will review your application, and once approved, you will instantly receive your money into your preferred bank account or mobile money wallet.

Loan Requirements

Salary Advance

Student Loan

Business Loan

Colleteral Based


we have answered most questions

Kaspa Credit offers various lending products, including salary advances, student loans, business loans, and collateral loans.

• Be 18 years old and above
• Be the holder of an ID document or driver’s license
• Be formally employed with a bank account, an enrolled student, or the owner of the collateral
• Have a registered phone number
• Have proof of the current residential address (E.g., Utility bill, or similar)

• The easiest way to apply for a loan is to use the application form on this website.
• You can also visit any of our nearest branches where a loan officer will help you complete your loan application.

• To process your application the same day, please bring the required documents (as specified above) with you or upload them if applying through our website.

Currently, Kaspa Credit provides a one-month repayment schedule for all its lending products.

• The approval process for a Kaspa Credit loan may take between 10 minutes and 24 hours, depending on the type of loan and the applicant’s documents.

• To process your loan application in a few minutes during working hours, submit your proof of residency with your current house number or plot number clearly indicated, or allow us to come and visit you at your current work place or home.

The minimum loan amount that you can borrow is K500, and the maximum loan amount that you can borrow is K10,000. The amount will increase over time.

Once your loan application gets approved, we will transfer the money into your bank account or personal mobile money account that is registered in your name, or you may simply walk to our local branch and withdraw in cash.

Yes, you can repay your Kaspa Credit loan early without any penalty. The institution encourages responsible borrowing and repayment.

Late payments made three days after the due date will result in a penalty fee that will raise the initial interest rate from the actual 20% to 30% of your initial borrowed money, or we will seize your submitted collateral for resale to cover our losses.

You can repay the loan by a bank transfer, mobile money or cash at the nearest branch.

• Bank transfer:

  • Ecobank Zambia Limited: 5622500004079
  • Absa Bank Zambia Limited: 0201034221
  • UBA Bank Zambia Ltd: 9030520025282
  • Zambia National Commercial Plc: 5068926200336

• Mobile Money:

  • MTN Mobile Money – 0962022175
  • Airtel Mobile Money – 0973980092

• Cash: Available in all branches.

Please use your loan number or ID number as a reference to deposit funds. In case you have any questions, call us at +260973980092.