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ZamCars Car hire

Work out what you can afford

Two ways round the same sum: what a car costs a month, and what a monthly budget buys. Both include the fees a Zambian lender actually charges.

Buy within your budget

Tell us what you can afford each month and we will show you the cars.

K 220,670

Estimated buying power · 28% interest

How is your credit record?
Monthly payment
K 6,500
Total interest over 72 months
K 238,630
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What will it cost a month?

Estimated monthly instalment

K 10,226

includes the K 100 monthly service fee

A balloon lowers the instalment and leaves a lump sum to settle at the end.

Amount financed
K 351,500
Total interest
K 377,542
Balloon at the end
K 0
Total cost of the car
K 736,242
See cars at this price →

An estimate, not a quote. It assumes the K 1,500 initiation fee is added to the loan. A lender's offer depends on your credit record.

What is included

Initiation fee
K 1,500 — once off, added to the loan
Monthly service fee
K 100 a month
Base lending rate
26%
Terms
12 to 84 months

Interest is what the loan costs you; the service fee is not interest, so it is shown beside the instalment rather than buried in it. What a lender finally offers depends on your credit record.

Rates by credit record

  • Excellent credit — 26.50%

    You pay your accounts on time and have done for years.

  • Good credit — 28.00%

    Mostly on time, maybe a late payment somewhere.

  • Fair credit — 30.00%

    A few missed payments, or not much credit history yet.

Lender rate cards

Typical margins over the base lending rate. Indicative, not offers.

Lender Excellent credit Good credit Fair credit Max term
Stanbic Bank Zambia 26.50% 28.00% 30.00% 60 months
Absa Bank Zambia 26.50% 28.25% 30.50% 60 months
Zanaco 26.75% 28.50% 30.50% 60 months
FNB Zambia 26.25% 28.00% 30.00% 60 months

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