Kwachaplus

KwachaPlus helps eligible borrowers apply for loans, review repayment terms, upload documents securely, and track balances, due dates, and repayments from one mobile app.

Loan disclosures
- Loan amounts depend on the product you qualify for and the lender's approval.
- Repayment period: 3 months to 12 months.
- Maximum APR: 48%.
- Representative example: Borrow ZMW 100,000 over 3 months at a 12% simple interest rate. You could make 3 monthly payments of ZMW 37,333.33. Total interest would be ZMW 12,000, total
fees would be ZMW 0, and the total amount repayable would be ZMW 112,000.

Borrowers can:
- Apply for eligible loan products from their phone
- Upload supporting documents securely
- Track application status in real time
- View loan balances, statements, and receipts
- Receive reminders before repayments are due
- Make repayments and monitor loan history

Loan officers and managers can:
- Review and process applications
- Update loan statuses and notes
- Monitor overdue accounts and portfolio activity
- Capture borrower KYC and collateral details in the field

Important
- Approval is subject to lender review and eligibility checks.
- Final loan terms are shown before acceptance.
- Interest rates vary by product and borrower profile.
- Late payment fees or other default charges, where applicable, are disclosed in the product details before submission.