Credichola - Online loan app

Credichola is an online personal loan platform in Zambia. Eligible users can apply for a loan online and, if approved, receive the disbursed funds in their mobile money account. Credichola provides an online process for submitting and managing personal loan applications. We use data-based risk assessment for credit scoring and fraud prevention. Personal data is handled as described in our Privacy Policy. Why choose Credichola? Apply for personal loans of up to K20,000, subject to eligibility and approval. Review the applicable interest rate, service fee and repayment terms before accepting a loan. How to apply for a loan? Download the Credichola app. Register and complete the required information. Review the available loan terms and submit your application for assessment. Product Details: Loan Amount: K50 to K20,000 Repayment Period: 91 to 180 days Maximum Interest Rate: 0.1% per day Maximum Service Fee Rate: 0.3% per day Maximum APR: 146% per year Representative Example: For a loan principal of K20,000 with a repayment period of 91 days: Interest: K20,000 × 0.1% × 91 = K1,820 Service fee: K20,000 × 0.3% × 91 = K5,460 Total cost of the loan: K1,820 + K5,460 = K7,280 Total repayment amount: K20,000 + K7,280 = K27,280 Maximum APR: 146% per year Application Conditions: Be a Zambian citizen. Be 18 years of age or older. Have a monthly income. Information Security: Your information is used for identity verification, loan application assessment, fraud prevention, account security, service administration and repayment management, as described in our Privacy Policy. We disclose personal data only as described in our Privacy Policy, with consent where required or on another lawful basis permitted by applicable law. We use appropriate technical and organisational measures, including encryption in transit, to protect personal data. Contact us for any inquiries. Email: [email protected] Address: Plot No. 160, Lilanda Estates, Lusaka, Zambia To learn more about Credichola's privacy policy, click the link below: https://cred.credichola.com/privacy-policy