Lupiya review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Lupiya suits salaried Zambian workers who need a fixed-rate loan released fast and can accept a high price for that speed. Loans run ZMW 500 to ZMW 250,000 over 2 to 60 at 40%, far above the typical rate on the site, which leaves Lupiya ranked 297 of 350 on APR.

Key facts

Best for
Salaried Zambian borrowers who need a fixed-rate loan and quick funding.
APR
40% (Source, checked September 26, 2026)
Loan amount
ZMW 500 to ZMW 250,000 (Source, checked September 26, 2026)
Term
2 to 60 months (Source, checked September 26, 2026)
Funding time
within 48 hours (Source, checked September 26, 2026)
Representative example
K1,000,000 SME loan over 12 months, 2.5% interest rate, total K1,169,845.52, monthly repayment K97,487.13 (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
18+, employed 6 months, valid NRC, KYC completed, consent to salary deductions (Source, checked September 26, 2026)
Loan types
Personal, Payday, Secured, Car, Business (Source, checked September 26, 2026)
Legal entity
Lupiya Financial Services Limited (Source, checked September 26, 2026)
Headquarters
Zambia (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Email, Phone, Chat, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
lupiya.com

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInXfacebook.com

Pros and cons

Pros

  • Loans of ZMW 500 to ZMW 250,000 over 2 to 60, giving room on both size and length.
  • Fixed rates on fixed rate terms, so the monthly payment does not move.
  • Free early repayment, so clearing the balance early costs nothing extra.
  • Support runs on email, phone and chat: email, phone, chat and a help centre.

Cons

  • The 40% rate is high, leaving Lupiya at 297 of 350 on APR across the site.
  • Repayment is tied to pay, and consent to salary deductions is a condition of the loan.
  • Published funding time is within 48 hours, so same-day cash is not the standard pace.
Lupiya

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Scored 8.8 / 10 by BorrowCue.

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Who it suits

  • Salaried employees in Zambia with a valid registration card who will agree to salary deductions.
  • Borrowers who want a fixed rate and the option to settle early without charge.
  • Small businesses looking for a business loan, since the published example is an SME product.

Who should look elsewhere

  • Cost-first borrowers, since Monzo Flex charges APR of 10% to 23%.
  • Anyone chasing the lowest headline rate, because Cashspace ES lists an APR of 0%.
  • Borrowers who want a spread of rates to shop across, since Cashspace lists PHP 12 to PHP 36.

How your money is protected

Lupiya lends as a direct lender, not a broker, so the borrower holds one agreement with the company that sets the terms. A representative example is published, an SME loan repaid over a short term with a level monthly payment. It is licensed in Zambia by the Ministry of Finance and the Securities and Exchange Commission of Zambia.

The company behind it

Lupiya Financial Services Limited is the company behind the loans, headquartered in Zambia and trading since 2016. One company handles the account from application to final repayment, and support runs on email, phone and chat, so help is available by email, phone, chat or a help centre.

How Lupiya compares

Where Lupiya is available

Available
Tanzania, Zambia
Licence in Zambia
Ministry of Finance (Zambia), checked September 26, 2026
Licence in Zambia
Securities and Exchange Commission of Zambia, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Lupiya charge?+

Lupiya's published APR is 40%, which is high against the wider market and pushes the brand towards the back of the ranking on price. The rate applies on fixed terms, so the cost does not drift during the loan. Compare the total repayable rather than the headline alone.

How much can I borrow and for how long?+

Loans run ZMW 500 to ZMW 250,000 over 2 to 60, so both the size of the borrowing and the length of the term are wide. A short term keeps each monthly payment high, while the longest term spreads it thinner. That range covers the personal loan product.

How quickly is the money sent?+

The published funding time is within 48 hours, which is the normal pace for the personal loan. Lupiya also lists same day funding on its instant loan product for borrowers who need cash the same day. That speed is the trade-off for the 40% rate.

Can I repay early without a charge?+

Lupiya offers free early repayment, so settling the balance ahead of schedule carries no extra charge. That makes a loan easier to clear when income improves. It also pairs well with fixed terms, since the rate never moves during the term.

Who can apply for a Lupiya loan?+

Lupiya asks for adults above a minimum age with a waiting period at their job, a valid national registration card, completed identity checks and consent to salary deductions. The salary element is central, since repayment comes out of pay, and it applies to loans of ZMW 500 to ZMW 250,000.

Is Lupiya regulated?+

Lupiya is licensed in Zambia by the Ministry of Finance and the Securities and Exchange Commission of Zambia. It lends in its own name rather than acting as a broker, and it publishes a representative example for an SME business loan showing the total repayable and the monthly payment.

What kinds of loans does Lupiya offer?+

Lupiya offers personal, payday and secured loans, all on fixed rate terms. The personal and payday products carry the published amount and rate, while secured, car and business lending sits alongside them. The worked representative example is an SME business loan, so business borrowers get a figure to compare.

Sources

  • lupiya.com/about checked September 26, 2026

    Backs: Founded, Headquarters, Support channels

    “Since our founding in 2016, we have grown from a lending platform into a comprehensive neobank”

  • lupiya.com/loans checked September 26, 2026

    Backs: APR, Legal entity, Lender type, Loan types, Rate type, Representative example, Term, Licences

    “Minimum Tenure: 62 days | Maximum Tenure: 60 months | Maximum APR: 40%”

  • lupiya.com/personal-loans checked September 26, 2026

    Backs: Free early repayment, Funding time, Pricing model

    “Yes! You can repay your loan early without hidden penalties.”

  • lupiya.com/personal-loans/civil-servant-loan checked September 26, 2026

    Backs: Loan amount, Eligibility

    “Borrow from ZMW 500 up to ZMW 250,000 based on your salary level”

  • lupiya.com/personal-loans/instant-loan checked September 26, 2026

    Backs: Features

    “Once approved, get your funds in 5 minutes!”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check.

Lupiya

Lupiya

Salaried Zambian borrowers who need a fixed-rate loan and quick funding.

8.8/10See alternatives

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