Scheme Loan

As a product of our Workforce Banking unit, the Employee Scheme Loans cater to organizations that sign Memoranda of Understanding with the bank, where employees can apply for loans through the employers. 

Repayments are remitted by the employers directly to the Bank after deduction from payroll.


  • Minimum tenure of 6 months
  • Maximum tenure ranging from 60 months to 72 months
  • Annual interest of Bank of Zambia Policy Rate + Margin as per contract signed between the Bank and the employer
  • Minimum loan amount ZMW5, 000 unsecured
  • Maximum loan amount ranging from ZMW150, 000 to ZMW250, 000  unsecured
  • Applicable Fees
    • Arrangement fee to be collected upfront
    • Insurance to be collected upfront


  • Filled in application form
  • 2 passport size photos
  • Copies of 3 latest payslips
  • Certified copy of NRC, valid passport or valid driving licence
  • Proof of employment
  • Contract of employment, where applicable
  • Valid work/residency permit for expatriates, where applicable

    Applicant must have a salary account with Zanaco

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