Home Improvement Loan

EFC Zambia aims to contribute to the improvement of the household quality of life by offering Home Improvement Loans to entrepreneurs who would like to expand or upgrade their existing buildings or houses. Knowing that each home improvement project requires a different completion timespan and that each client has his or her own capacity of repayment, EFC's Home Improvement Loan offers tailor made solutions for your project.


The borrower must be:

  1. An individual entrepreneur or merchant, or other legal entity engaged in income-generating activities
  2. Someone who has been in business for at least 6 months
  3. Able to demonstrate a proper recording system and the capability of operating a business profitably
  4. In possession of assets or collaterals (e.g. business equipment, vehicle, house or land)
  5. A Zambian citizen
  6. Residing and operating in Zambia
  7. A holder of a regular savings account with EFC Zambia
Minimum Loan Amount ZMW 5,000
Maximum Loan Amount ZMW 1,000,000
Repayment Period Up to 36 months
Credit Life Insurance Mandatory
* Information on interest rate, fees and conditions is available in EFC Branches


Subscribe to news and updates

Sign up for our mailing list to get the latest news, info and updates.