Vivica Loans · Lusaka, Zambia
Credit that shows its working.
Payroll and payday loans across Zambia. Interest, arrangement fee and total repayment - all shown before you sign a thing.
The whole amount falls due on this date.
| No. | Due date | Principal | Interest | Repayment | Balance |
|---|
Our loans
Two loans. Every charge on the table.
Interest, arrangement fee and total repayment - shown in full before you apply, not after.
Payroll Loan
8% per month
Borrow against your salary, repaid by deduction from your payroll each month.
- K1,000 – K100,000
- 18% arrangement fee, deducted upfront
- Monthly payroll deduction
- 3 to 12 months
Payday Loan
33% one instalment
A single repayment on your next agreed pay date. Short by design.
- K1,000 – K100,000
- 18% arrangement fee, deducted upfront
- One instalment on your agreed due date
- Early Settlement Discount at 30%
The process
Five steps, and you always know which one you are on.
Each stage has a named owner and a written record. Nothing moves forward on a phone call alone.
Enquire
Tell us the amount and how you are paid. No documents at this stage.
Submit documents
NRC, payslips or trading records. We tell you exactly what is missing, once.
Credit assessment
We check the instalment against the 40% net pay rule before anyone signs.
Approval & agreement
You receive the agreement and full repayment schedule together, to keep.
Disbursement
Your money is in your bank account or mobile money wallet within 48 hours of signing, with the payment reference sent to you.
Why Vivica
The boring things, done properly.
The 40% rule, applied before you borrow
If an instalment would take more than 40% of your basic pay, we say so at the enquiry stage rather than at collections.
A schedule with every agreement
Instalment by instalment: principal, interest and closing balance. Printed, signed and yours.
Reminders before the due date
An SMS five days ahead of each instalment, so a late payment is never a surprise.
Separation of duties
The officer who assesses your file is not the officer who releases the cash. Every action carries a name and a timestamp.
What you will need
Bring these and your file moves the same day.
Choose the category that describes you.
Questions
Straight answers.
How much does a Payroll Loan actually cost?
Interest is 8% per month, fixed on the amount you borrow, and there is an 18% arrangement fee. On a K10,000 loan over 6 months the fee is K1,800, so K8,200 reaches you. Interest is K800 a month, K4,800 over the term. You repay K2,466.67 a month and K14,800 in total. The calculator on every page shows these figures before you apply.
How much does a Payday Loan cost?
Interest is 33% for the period and the arrangement fee is 18%. Borrow K5,000 and the fee is K900, so K4,100 reaches you. You repay K6,650 in one instalment on your agreed due date.
Is the arrangement fee taken from the money I receive?
Yes. The 18% fee is deducted before the money is paid out, so you receive less than the amount you borrow. Interest is charged on the full amount borrowed. Both figures are shown side by side in the calculator so there is no surprise.
What is the Early Settlement Discount?
It applies to Payday Loans. Settle at least 7 days before your due date and your rate drops from 33% to 30%. On a K5,000 loan that means repaying K6,500 instead of K6,650. It is a discount for paying early, not a penalty for paying late.
What happens if I pay late?
A late charge of 10% per month may be applied after a 7-day grace period, for up to three months. You will hear from us before that happens - a reminder goes out before the due date and again after it.
Can I extend a Payday Loan?
You can request an extension, but it is not automatic and it must be approved. You must first pay at least half of the amount due; the remainder can be carried for up to two further instalments at 15% per month. Before you accept, we show you the new instalments, the new dates and the new total.
Next step
See the full cost, then decide.
The calculator shows what reaches you and what you repay. Nothing is added later.