Currently, online lending through apps is becoming a trend in Zambia due to its convenience and quick disbursement. If you are looking for a reliable lending app, Nguzu Lending could be a worthy choice for you. The app offers simple loan procedures, fast approval, and does not require you to visit a physical branch. Below are the details about this app and why you should consider using it.
What is Nguzu Lending App?
NguzuLending is a financial app developed by N Developer Zambia, operating on the Android platform. The app provides short-term loans with simple conditions, suitable for those in urgent need of financial assistance without wanting to deal with complex procedures.
Despite being newly launched, Nguzu Lending has attracted thousands of customers in Zambia, helping them solve urgent financial issues. In 2025, the app is expected to expand further to serve more people with flexible loan packages and convenient services.
Who can borrow money through NguzuLending?
Nguzu Lending targets customers with urgent financial needs who may not want or be able to access traditional bank loans. The most suitable individuals include:
- Households needing money for temporary living expenses
- Students waiting for funds from family or needing short-term financial support
- Workers facing difficulties at the end of the month when salaries are not yet in
- Freelancers needing finances to cover living expenses
The low borrowing limit ensures that those in need only borrow the necessary amount, avoiding the risk of accumulating debts beyond their repayment capabilities.
Detailed information about the loan product
- Loan amounts range from 100 ZMW to 10,000 ZMW
- Loan duration from 91 – 120 days
- Daily interest rates from 0.02% – 0.07% per day
- Maximum annual interest rates from 7.3% – 25.55% per year
- Service fees range from 0% – 2%
- Loan conditions: Over 18 years old, stable source of income
Illustrative example: If you borrow 1,000 ZMW, with a loan duration of 91 days, an interest rate of 0.05% per day, and a service fee of 2%. Total amount to be repaid: 1,065.5 ZMW
Note: The above information is for reference only. Borrowers should carefully review before applying.
Steps to register & Receive money
With just 3 simple steps, you can receive a loan through Nguzu Lending, including:
Step 1: Download the app on Google Play or download the Nguzu Lending APK from the official website.
Step 2: Register an account, enter personal information, verify identity with ID and facial photos.
Step 3: Choose the desired loan amount and wait for approval within 24 hours. Once approved, the money will be transferred to your bank account.
During the borrowing process, support staff are always available to guide you through the procedures easily.
Advantages & Disadvantages of Nguzu Lending App
Advantages:
- Online registration, no need for financial proof
- Quick disbursement, can receive money within 24 hours
- Support for small loans, suitable for daily consumer needs
- No need for physical meetings, saves time and effort
- Accepts various individuals, just need to meet loan conditions
Disadvantages:
- High interest rates, up to 25.55% per year, higher than banks
- Low loan limits, does not support large loan amounts
- If not repaid on time, may receive multiple debt collection notices
Important warning for borrowers
If your income is unstable, carefully consider before borrowing through Nguzu Lending. High interest rates can create significant financial pressure if you do not have a clear repayment plan. Failure to pay on time may result in aggressive debt collection, affecting your personal life.
Contact information & Support services
- Website: https://nguzulending.com
- Email: [email protected]
- Hotline: +260 973 991 678
- Working Hours: Monday – Friday 9:00 AM – 7:00 PM
- Address: Plot 6627 Kapuka Road, Olympia Extension, Lusaka, Zambia
Customer support at Nguzu Lending operates 24/7. For advice, complaints, the dedicated team of employees will provide enthusiastic and prompt assistance.
Frequently Asked Questions
How to register for a loan at NguzuLending?
Download the app, enter your phone number to register an account, verify your identity, then choose the desired loan amount and submit the approval request.
How long does the approval and disbursement process take?
Documents will be processed within a few minutes. If approved, the money will be transferred directly to your bank account immediately.
What are the interest rates and service fees of Nguzu Lending?
Fixed interest rate of 0.05% per day, equivalent to 18.25% per year. Service fee is 2%, all transparent and publicly disclosed.
Can I settle the loan early?
Absolutely. You are allowed to repay early at any time without penalty, helping save interest costs and optimize personal finances.
Is Nguzu Lending reputable?
NguzuLending is transparent about interest rates, service fees, and loan conditions. The security system protects customer information. However, the high interest rates, unprofessional debt collection services, and the app not being officially licensed raise concerns. Therefore, borrowers should carefully consider before using the service.
Nguzu Lending App provides a quick loan solution with simple procedures and fast disbursement. However, due to high interest rates, borrowers need to carefully consider and only borrow when absolutely necessary. Make sure you have a sensible financial plan to avoid unwanted debt risks.
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