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Frequently asked questions
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Frequently asked questions
PremierCredit offers the cheapest and most affordable financial solutions that can be accessed online through our website, through mobile applications and in our well established branch network.
We offer loans between K500 and K10,000. These are cash advances (Payday Loans) which are up to one-month duration (30 days). Loan approval is subject to affordability on your pay slip, and credit score from the Credit Reference Bureau (Transunion).
The monthly interest rate for cash advances (payday loans) is 20% but this is reduced to a daily rate if you decide to pay back in less than a month.
There are no additional costs apart from the interest rates. Transparency is of utmost importance to us for our customers. No hidden fees, no upfront costs!
The deductions are made from the salary on every pay date. This may be done by your employer if we have a Memorandum of Understanding (MOU) or by the bank on our behalf through direct debit mandate.
Requirements and eligibility are as follows:
21 years old and above
Have a valid original NRC/Drivers license or Passport
Be in full employment with an active bank account
Holder of a registered mobile phone number
Valid ID (NRC, Passport or Driver’s license)
Latest payslip (stamped)
Bank statement for the last 1 month
Letter of introduction from employer (on headed paper)
If you have everything in place, we aim to process your loan within 30 minutes. You get your money same day. Money on the Go.
If you cannot pay off the entire loan on your next payday, but can only make the payment after, we can offer you a PayLater facility.
As our loans are unsecured, utility bills are not a mandatory requirement for your loan application to be processed. In the absence of utility bills that bear your names, the employer can include the client’s residential address in the letter of introduction.
Unfortunately, as our loans are unsecured, we require all the minimum documentation as set out on the list of requirements for eligibility.
Unfortunately, our target market is those who are in employment and business people. We do not provide loans to start-ups nor students. This is because our loans are unsecured (no collateral required) and our loan administration and loan recovery procedures are designed for this purpose. We require a history of trading or income.
Here are the places to reach us:
Second Floor, Elunda II, Elunda Office Park,
Addis Ababa Round About, Rhodespark, Lusaka.
Tel: +260 211 372784
WhatsApp line (texts only): +260763883300
Stand No. 921, Independence avenue, next to FNB branch, Solwezi
Cell: +260 966 200 584
Stand No. 4, Sunshine Centre, Oxford road, Central Business District, Kitwe
Cell: +260 97996604
Fortunately, with PremierCredit, you can apply online (through our website), our Mobile App, or through our call centre. We offer credit facilities through our partners and mobile financial services.
We will continue to expand our footprint across the country and hope to be operational in a location near you soon to serve you better. Please follow us on Facebook, LinkedIn, twitter and Instagram to stay up to date with the latest developments from PremierCredit.
We are open Monday to Friday from 08:00 to 17:00hrs (weekdays only).
YES! we are.
Do you have what it takes to join our vibrant, multi-cultural and dynamic team? We have a number of vacancies, but kindly send an email to firstname.lastname@example.org for any employment related queries.
Please visit and check out our careers page for more details.