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Loan details

Maximum Loan Amount
ZMW 1,000-ZMW 10,000
Term
30 Days
Interest Rates
Daily 0.05% or (Amount * 0.005)
Application Process
20-minute online or by phone
Funds paid into your account
Same day or Next business day following approval
Repayment Frequency
Daily
Fees and Charges
No Fee Loan Option

Loan details

Maximum Loan Amount
ZMW 1,000-ZMW 10,000
Term
30 Days
Interest Rates
Daily 0.05% or (Amount * 0.005)
Application Process
20-minute online or by phone
Funds paid into your account
Same day or Next business day following approval
Repayment Frequency
Daily
Fees and Charges
No Fee Loan Option

Understanding Personal Loans from Autofand Finance

Autofand Finance offers flexible lending solutions for customers who need quick access to funds. Our Personal Loans provide a fast and secure way to meet your financial needs while giving you the freedom to repay at your convenience. Here’s everything you need to know about our Personal Loans:

What Are Personal Loans?

Personal Loans are designed to provide financial assistance for various needs, from emergencies to everyday expenses. With a competitive interest rate of 0.05% (calculated as amount borrowed × 0.005), these loans give you the flexibility to repay based on how long you use the funds. The interest is calculated for the duration of the loan, meaning the earlier you repay, the less interest you incur.

Key Features of Our Personal Loans

  • Loan Amount: Borrow an amount ranging from ZMW 1,000 to ZMW 10,000 for your financial needs. For amounts above ZMW 10,000, we have other loan options available to meet larger needs.
  • Interest Rate: Our 0.05% interest rate ensures a manageable cost. You only pay interest for the amount borrowed, making it ideal for short-term borrowing.
  • Security: We accept various forms of collateral, including electronics, vehicles, or other valuable items. This must be accompanied by a police report or affidavit, ensuring the loan is backed by verifiable collateral.
  • Flexibility: Repay the loan at any time within the loan cycle (up to 30 days). There are no penalties for early repayment, allowing you to save on interest costs if you settle the loan sooner.
  • Online Process: With the majority of our services conducted online, you can apply for a loan, submit necessary documents, and track your repayment from the comfort of your home.

How It Works

  1. Application: Apply for a Personal Loan through our secure online platform by submitting your details, financial needs, and collateral documentation.
  2. Evaluation: Our team reviews your application and determines the loan amount based on your financial profile and the collateral provided.
  3. Loan Disbursement: Once approved, the loan amount is disbursed into your account, giving you immediate access to the funds.
  4. Repayment: You can repay the loan at any point within the 30-day period, with interest calculated based on the number of days you hold the loan.
  5. Extension Option: If needed, you can request an extension with adjusted terms, giving you added flexibility if you require more time.

Why Choose Autofand Finance?

  • Reliability: As a trusted lending institution, we provide secure and reliable financial solutions tailored to your needs.
  • Convenience: Our online platform allows for easy access to loans and fast processing from anywhere, ensuring you get the support you need when you need it.
  • Accessibility: With our headquarters in Lusaka, Zambia, we continue to expand our services, making them accessible to Zambians across the globe.

Autofand Finance is here to help with our flexible and secure Personal Loans. If you need quick access to funds with the freedom to repay at your convenience, get in touch with us today to learn more about our loan options.

Representative example:

0.05% Daily Interest. Based on a loan amount of K4,000 over 30 days at a fixed interest rate of 0.05% per day.
  • Daily interest is K20, meaning the total interest for 30 days will be K600.
  • After 30 days, the total repayment amount will be K4,600.

This allows you to manage your loan costs easily, as you only pay interest for the days you hold the loan.

Who can get a loan?

To qualify for a Personal Loan from Autofand Finance, you must:

  • Be at least 18 years old
  • Be a Zambian resident, with proof of address
  • Provide proof of income
  • Pass a credit check conducted by the lender

Additionally, you must be able to provide acceptable collateral, such as electronics, vehicles, or other valuable items, accompanied by a police report or affidavit. Each lender may have specific assessment criteria, so requirements might vary slightly between different providers

Popular questions

Our Personal Loans have a daily interest rate of 0.05%, calculated as amount borrowed × 0.005.

 

Interest is calculated based on the amount borrowed and the number of days you hold the loan. For example, with a loan amount of K4,000 over 30 days, the daily interest is K20, totaling K600 in interest for the 30-day period.

 

 

You can borrow between K1,000 and K10,000. For amounts above K10,000, we offer other loan options

We accept various forms of collateral, including electronics, vehicles, or other valuable items. Collateral must be accompanied by a police report or affidavit.

You can repay the loan at any time within the 30-day loan cycle. There are no penalties for early repayment.


Apply through our secure online platform by submitting your details, financial needs, and required collateral documentation.

Once approved, the loan amount will be disbursed to your account within minutes anything above k5000 goes direct to the bank and might take  24 hours.

Yes, you can request an extension with adjusted terms if you need more time to repay.

 

To qualify, you must be at least 18 years old, a Zambian resident with proof of address, provide proof of income, and pass a credit check.

 

Yes, a credit check will be conducted as part of the application process, and your credit history may impact your eligibility for the loan.