PremierCredit Zambia review

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

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Our verdict

PremierCredit Zambia lends directly to Zambian borrowers in full employment who need a decision within minutes and cash landing in a mobile money wallet the same day. Loans of ZMW 500 to ZMW 250,000 run over up to 60 against a hard credit check, and free early repayment is a no.

Key facts

Best for
Same-day mobile money lending for employed Zambian borrowers, including traders.
Loan amount
ZMW 500 to ZMW 250,000 (Source, checked September 26, 2026)
Term
up to 60 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Loan decision within minutes, funds instantly to mobile money, debit card, e-wallet or bank account (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
21 years or older, valid NRC, driver's licence or passport, in full employment with an active bank account, holder of a registered mobile number; business loan needs 6+ months trading (Source, checked September 26, 2026)
Loan types
Personal, Payday, Business, Cash-advance (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
PremierCredit Zambia Limited (Source, checked September 26, 2026)
Headquarters
Zambia (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding
Official website
premiercredit.co.zm

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInXyoutube.com

Pros and cons

Pros

  • Direct lender, direct lender, so the decision sits with PremierCredit Zambia Limited rather than a middleman.
  • Same-day payouts, with same day funding listed as a feature and money sent to mobile money, a debit card, an e-wallet or a bank account.
  • Personal, payday, business and cash advance loans sit under personal, payday and business.
  • Home improvement is a named use: home improvement.

Cons

  • Hard credit checks, hard, with full employment and an active bank account also required.
  • Free early repayment is a no, while 81.2% of lenders across the comparison report it free.
  • A single market, based in Zambia, so borrowers elsewhere cannot apply.
PremierCredit Zambia

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Scored 8.9 / 10 by BorrowCue.

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Who it suits

  • Employed Zambian adults with a valid NRC, a driver's licence or a passport, an active bank account and a registered mobile number.
  • Business owners with a waiting period of trading behind them, using the business loan route.
  • People who spend mobile money and want the balance in the wallet the same day.

Who should look elsewhere

  • Borrowers who need another currency: Monzo Flex covers £10,000 to £35,000 and Cashspace ES covers €100 to €5,000, outside the ZMW 500 to ZMW 250,000 ZMW range.
  • Smaller tickets: Cashspace runs PHP 500 to PHP 25,000, so compare it when ZMW 500 to ZMW 250,000 is more than you need.

How PremierCredit Zambia compares

Where PremierCredit Zambia is available

Available
Zambia
Licence in Zambia
Patents and Companies Registration Agency (PACRA) (120190002254), checked September 26, 2026
Licence in Zambia
Ministry of Finance under the Money Lenders Act, checked September 26, 2026

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

Frequently asked questions

How much can I borrow, and over what period?+

Borrowers can take ZMW 500 to ZMW 250,000 and spread the repayments over a term of up to 60. The range runs wide, so a short loan and a much larger one both sit inside it. The same range covers personal, payday, business and cash advance lending.

How fast is a decision and the payout?+

A decision comes within minutes, and funds are sent instantly to a mobile money wallet, a debit card, an e-wallet or a bank account. Same-day funding is listed as a feature: same day funding. Mobile money borrowers can therefore see the balance in the wallet the same day.

What credit check do I face?+

The application runs a hard credit check: hard. No soft or prequalification route is listed. That matters if a hard search would be unwelcome, because the check comes before any offer is made, so a weak file gets a decision against it.

Who is behind the brand, and is it licensed?+

The legal entity on the terms is PremierCredit Zambia Limited. It appears on the licence record of the Patents and Companies Registration Agency with registration 120190002254, and the licence record also names the Ministry of Finance under the Money Lenders Act.

Who can apply?+

Applicants must be adults in full employment with an active bank account, a valid NRC, a driver's licence or a passport, and a registered mobile number. The business loan route asks for a waiting period of trading history, and the lender covers personal, payday and business products.

Can I repay early without a charge?+

Free early repayment: no. Clearing the balance ahead of schedule is not free here, unlike 81.2% of lenders across the comparison, which report no charge for settling a loan early. Plan the instalments to match what you can afford to keep paying.

What kinds of loan are on offer?+

The range covers personal, payday, business and cash advance loans: personal, payday and business. Home improvement is a named use: home improvement. Business applicants also need a waiting period of trading behind them before a business loan is considered.

How do I reach help?+

Help runs on email, phone and help centre, so you can email, call or use the help centre. The same channels cover questions before an application and after a loan is running. Phone is the quickest route for anything urgent.

Sources

  • premiercredit.co.zm/borrow checked September 26, 2026

    Backs: Features, Funding time, Term, Use cases

    “You can receive your money instantly through PremierCredit debit card, Your mobile money account”

  • premiercredit.co.zm/faqs checked September 26, 2026

    Backs: Loan amount, Credit check, Eligibility, Headquarters, Loan types, Support channels

    “We offer loans between K500 and K250,000”

  • premiercredit.co.zm/terms-conditions checked September 26, 2026

    Backs: Free early repayment, Legal entity, Lender type, Licences

    “it shall be deemed that the Borrower by default has agreed to a loan extension, from which the Lender will charge automatically an extension commission”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Arrangement fee, Representative example.

PremierCredit Zambia

PremierCredit Zambia

Same-day mobile money lending for employed Zambian borrowers, including traders.

8.9/10See alternatives

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