Get a collateral based loan in Zambia – Keith Rainz Finance

Getting a loan with low interest in Zambia when you are not employed in formal is hard and not affordable… but as at now you do not have to worry about that because we are providing loans to everyone regardless of if you are employed or not.

All you need to have is collateral to be eligible for a loan of between K100 and K2000 that is supposed to be paid back within 30 days with interest.

I know there are websites such as Zamcash that allows one to obtain a non-collateral loan within minutes but their fees are just too much and you are required to pay back within 2 weeks. This is why I have decided to come up with a better solution.

Please not that I am not a financial related registered company, this is simply me personally trying to help.

What qualifies to be collateral?

Anything of high value that can be sold easily qualifies to be collateral. This includes phones, laptops, Gaming consoles, Computers, etc.

How do we evaluate collateral?

As a business, we do not want to make losses, as a result, if you fail to pay back the loan, we may sale the collateral. We have a simple method we use to evaluate or find the value or how much someone would buy the item.

For example, if you have a phone you bought at K2000, you wouldn’t sale it for k2000 because of depreciation. You might sell it probably at K1500 or even at k1000. On our business side, we do not want to make a loss even when we sale the collateral and it shouldn’t take us time to find a customer.

Therefore, for example if you want a loan for k3000, and you have a phone as collateral you bought at K3000. Your phone would not qualify to be collateral because it cannot be sold at the price you bought it. So the best way to know if an item can qualify to be collateral is to divide or multiply the cost by 2.

For example, if you want a loan for 2000, provide something worth double that amount.

Loan calculator

Steps on obtaining a loan in Zambia from me

  1. You need to be based in Lusaka.
  2. Read and understand the terms and conditions and loan agreement form.
  3. apply for the loan
  4. wait for feedback
  5. if your loan application is accepted, you will be told when to deliver the collateral and that is when you will receive the loan
  6. You get to have 31 days to repay the loan and after paying back + interest, you then collect your collateral.
  7. If you fail to pay the loan within 31 days, you are given 5 days more at another daily fee mentioned in the form to pay back.
  8. If those additional 5 days pass, we have the right to sell your collateral to recover the loss and that’s it.

How to apply for a loan




Please fill this form to apply for a loan and wait for 2 hours for a response but in some cases, may take upto 24 hours. If you qualify, proceed below and download the loan agreement.


You can get any amount between K100 and k2000 at an interest rate of 1% per day of which you have to pay back within 31 days. You pay when ever you feel like but within 31 days. And our loans are only available to people in Lusaka. There are no hidden fees, you don’t pay anything apart from the amount showing in the calculator at the end of 31 days.

Loan terms and conditions

For loan terms and conditions, download the loan agreement form below and print it out and fill it with your own handwriting and come with it (and collateral) as you come to collect your loan in person.

Click here to download the loan agreement form.

Keith Rainz

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Along Kafue Road, Chilanga, Lusaka Zambia.

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