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PremierCredit Zambia review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

PremierCredit Zambia is a direct lender for people in full employment who need cash the same day, lending ZMW 500 to ZMW 250,000 over a term of up to 60. A decision comes within minutes and the money lands straight away, though free early repayment is a no.

Key facts

Best for
Same-day cash in Zambia for salaried workers with an active bank account.
Loan amount
ZMW 500 to ZMW 250,000↗
Term
up to 60 months↗
Credit check
Hard↗
Funding time
Loan decision within minutes, funds instantly to mobile money, debit card, e-wallet or bank account↗
Lender type
Direct lender↗
Free early repayment
No↗
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↗
Loan types
Personal, Payday, Business, Cash-advance↗
Use cases
Home-improvement↗
Legal entity
PremierCredit Zambia Limited↗
Headquarters
Zambia↗
Support channels
Email, Phone, Help-centre↗
Pricing model
Monthly
Features
Same-day funding
Official website
premiercredit.co.zm

Personal insurance

Premium from
ZMW 500↗
Monthly payments
Yes↗
Age range
21 years old and above↗

Facts checked September 26, 2026, 3 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInXyoutube.com

Pros and cons

Pros

  • A decision comes within minutes, and funds go straight to mobile money, a debit card, an e-wallet or a bank account.
  • Lending of ZMW 500 to ZMW 250,000 spans personal, payday, business and cash advance needs, repaid monthly.
  • It is a direct lender, so the agreement and the money sit with the same company rather than a broker.
  • Help is available on email, phone and help centre.

Cons

  • Free early repayment is listed as no, so settling the loan ahead of schedule is not the cost free option it is elsewhere.
  • Eligibility needs full employment, an active bank account and a registered mobile number, and the credit check is hard.
  • Support runs on email, phone and help centre only, with no live chat listed.
PremierCredit Zambia

Ready to try PremierCredit Zambia?

Scored 8.9 / 10 by SumCue.

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Who it suits

  • Salaried Zambians in full employment with an active bank account and a registered mobile number who need money quickly.
  • People who need a small cash top-up or a home improvement loan the same day.
  • Business owners with a trading record, since business lending is one of the personal, payday and business on offer.

Who should look elsewhere

  • Borrowers who need a larger loan, since Sofkredit works with amounts of €12,000 to €300,000.
  • People looking at another market for small loans, such as Cashspace at PHP 500 to PHP 25,000.
  • Creduma ES users, whose amounts are from €12,000, a different market with its own minimum.

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 term?+

You can borrow ZMW 500 to ZMW 250,000 from PremierCredit Zambia, with a repayment term of up to 60. Repayments run monthly, so the balance and the interest come out of your regular income rather than a single payment at the end. Work out the monthly amount before you sign.

What credit check will I go through?+

The application runs a hard credit check, so the search is recorded on your file. Applicants also need full employment, an active bank account and a registered mobile number, and a business loan asks for a trading record. A decision comes within minutes.

How fast do I get the money?+

A decision comes within minutes, and the funds can go straight to mobile money, a debit card, an e-wallet or a bank account. Same day funding is a listed feature, same day funding. Agree the monthly amount before the payout, as the speed does not change what you repay.

Who can apply?+

Applicants must be 21 years old and above and hold a valid national registration card, driver's licence or passport. Full employment, an active bank account and a registered mobile number are also required. A business loan needs a trading record before the lender will look at the application.

Is the lender regulated?+

PremierCredit Zambia is registered with the Patents and Companies Registration Agency, registration 120190002254, and the licences also list the Ministry of Finance under the Money Lenders Act. It is a direct lender, so you deal with the company that hands over the cash.

Can I repay the loan early without a charge?+

Free early repayment is listed as no, so settling the balance ahead of schedule is not the free option it is at many lenders. Across the loans on the site, 79.4% offer it. If you expect to overpay, read the early settlement terms first.

What kinds of loan are on offer?+

The personal, payday and business loans cover most needs, from a short term top-up to a business loan. Repayment is monthly and the stated use includes home improvement. Borrowing starts at a modest amount, so a payday loan suits a gap between paydays.

How do I get help?+

Support runs on email, phone and help centre only, so you can email, call or use the help centre, and no live chat is listed. That matters on the day a payment falls due. Have your agreement details ready, and ask for the early repayment charge while you have them.

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: Age range, Loan amount, Credit check, Eligibility, Headquarters, Loan types, Pricing model, Monthly payments, Premium from, Support channels

    “21 years old and above”

  • 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 cash in Zambia for salaried workers with an active bank account.

8.9/10See alternatives