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Read guide →Alternatives to payday loans in Zambia
Alternatives to payday loans in Zambia: salary advance loans repaid monthly, talking to your employer or lender, budgeting and saving. Borrow without the payday trap.
A payday loan must usually be repaid in full on your next payday. If that leaves you short again, it’s easy to borrow again, and the cost adds up. Here are some alternatives.
Alternatives to a payday loan
- A salary advance loan repaid over months. Spreading the cost over fixed monthly instalments is easier on your budget. See salary advance loans.
- Talk to your employer. Some employers offer salary advances.
- Talk to whoever you owe. Schools, landlords and clinics may agree to payment plans.
- Build a small emergency fund. Even a little each month helps next time.
Compare the total cost
Whatever you choose, compare the total you’ll repay in Kwacha, not just the payment. Use our loan calculator to see the full cost and every payment date.
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