ZamChat Loans App: ( Zamcash, Biu and Zamloan)

Zamchat loans app is Zambia's best mobile application software that enables people access instant loans from the major three lending platforms namely: Biu money, Zamcash and Zaloan.

To apply for loans using the ZamChat loans app, follow these steps:

Download and Install ZamChat:
- Download App here
Create an Account on Zamchat:
- Open the app and register by providing your necessary details.
Navigate to bottom menu of the app:

After logging in check the bottom of the app and you will see three icons named by loan providers.

Select a Loan Provider:
- ZamChat integrates with various loan services, including Zamloan, Biu Money, and Zamcash. Choose the provider that best fits your needs.
Complete the Application:
- Fill in the required information and submit your application through the app.
Await Approval and Disbursement:
- After submission, the selected loan provider will process your application. Upon approval, funds will be disbursed to your mobile money account.

What do ZamChat loans app support?

For both civil servants and the general Zambian members can apply using Zamchat loans app. here are loan providers supported by Zamchat Loans App:

1. What is Zamcash?

Zamcash is a Zambian online micro-lending platform that offers short-term mobile loans. It provides fast access to cash through mobile phones, making it useful for emergencies or short-term financial gaps.

Key Features:

Loan Amounts: Typically range from ZMW 100 to ZMW 5,000+, depending on your credit profile.
Repayment Period: Usually 7 to 30 days, sometimes longer if you're a repeat customer in good standing.
Application: Fully online or via mobile, often through an app or USSD.
Approval Time: Often within minutes to a few hours.
Disbursement: Directly to your mobile money account (like MTN Money or Airtel Money).
Requirements: National ID, active mobile money account, and proof of regular income or mobile money activity.

Pros:

Fast and easy application.
No collateral required.
Useful in emergencies.

Cons:

High interest and service fees.
Short repayment windows.
Can lead to debt cycles if used irresponsibly.

2. What is Biu money loans

Biu Money is a mobile-based loan service operating in Zambia, offering quick, unsecured short-term loans primarily via mobile money platforms like MTN Money and Airtel Money.

Key Facts

Instant cash loans (no collateral needed)
Loan amounts typically range from ZMW 500 to ZMW 2,000+ for first-time users
Repayment terms: usually 7–30 days, longer for trusted users
Loans sent directly to your mobile money account
Application is fully online—no paperwork, with Zamchat app.

How It Works:

Apply via Zamchat loans app
Provide your NRC, mobile number, and proof of mobile money activity
Approval can take as little as 5–30 minutes
Repay via mobile money using BIU as the merchant name
You can repay right on Zamchat loans app

Typical Fees:

For a ZMW 500 loan:
- Repay ZMW 600 in 14 days (20% fee)
- Repay ZMW 645 in 30 days (29% fee)
These are flat service fees, not traditional interest—so the effective interest rate is high

No Collateral, No Credit Checks

Approval is based on your mobile money transaction history
No formal credit history required
Can easily be accessed on Zamchat loans app

Pros:

Fast cash for emergencies
No need to visit an office
Good for those without traditional bank access

Cons:

Very high effective interest rates
Short repayment periods
Can lead to debt cycles if not used responsibly
Some users report aggressive collection practices

3. What is ZamLoan?

ZamLoan is a mobile-only lending platform, primarily targeting civil servants via payroll-backed loans. It’s 100% online—no paperwork or collateral required—and disburses funds to your mobile money or bank account within about one hour after approval

Eligibility & Requirements

Civil servants on GRZ payroll: Only government workers using Zamloan’s payroll-linked product qualify
Requires a valid NRC, active MTN/Airtel mobile money, and associated phone
Private-sector individuals can instead use Zamcash or similar lenders

Loan Amounts & Terms

Available amounts range from K 5,000 up to K 100,000, tailored to your needs
Repayment periods are flexible, varying from 12 months up to 36 months for larger loans .
Disbursement usually occurs within the hour, directly to your mobile money or bank account

Pros:

100% mobile and paperless; no collateral.
Fast approval and disbursement.
Long repayment terms (up to 3 years) vs. typical micro-loans.
Payroll deductions handled via mobile money—not banks—retaining more control over funds

Cons:

Only available to civil servants.
Interest rates are not clearly advertised—could be higher than mainstream banks.
Potential for debt burden if you take on large loans.
Reports on micro-loan apps show aggressive collection tactics and high rates