Payroll Backed Loans

Payroll Backed Loans

Micro Finance Zambia provides one of the best payroll backed loans in Zambia. A payroll loan is a cash advance that is given to a borrower based on their employment status and income. Our team is very efficient in our approval process ensuring you get instant cash for your loan.

The payroll backed loans are meant to meet your needs. Whether you require the money for education, car insurance, medical bills, funeral expenses, building materials, capital for small businesses and other financial needs, Micro Finance Zambia is here to assist. Plus, we have flexible payments terms you can choose from our available options when you apply.


Please read questions bellow and if you can not find your answer, please send us your question, we will answer you as soon as possible.

What are Payroll backed loans?

These are salary backed loans which are deducted through Payroll.A payroll loan is also known as a payday loan because the amount of the loan is typically scheduled for repayment upon getting paid by an employer.

What is the maximum loan amount?

The maximum loan amount depends on one’s net income; the higher the earnings, the higher the amount.

If one has a running loan, are they able to access another one?

Yes one is able to obtain another loan form Micro Finance Zambia (MFZ) which will run as a parallel loan, provided they meet the affordability criteria. MFZ’s systems are also designed to accommodate loan refinancing without violating pre-agreed credit vetting rules.

When is one eligible to get a top up loan,and how much can they get?

One is eligible for a top up loan as soon as deductions are made and this also depends upon an individual’s income and existing obligations. Visit your nearest MFZ branch to know the exact affordability rate.

Is it possible for one to access a loan from a different branch from his/her base town?

Yes – this is made possible by our online and robust information technology platform.

Do Micro Finance Zambia products carry insurance cover?

Yes – MFZ products are covered under credit life insurance. Further details can be obtained from any MFZ branch.

What do our products cater for?

Our products are designed in such a way that they meet your needs. This could be education fees, car insurance, medical bills, funeral expenses, building materials, capital for small businesses and other financial needs.

How does one qualify for a Payroll Backed loan from Micro Finance Zambia?

The primary requirement for the formally employed is a signed payroll agreement between Micro Finance Zambia and the prospective client’s employer.

What are the other requirements for clients in formal employment?
  • A minimum of two(2) latest pay slips
  • National Registration Card
  • Work ID, where applicable
  • A signed loan pre-approval form, where applicable.