Vehicle finance explained

Most cars in Zambia are bought on instalment sale: the bank owns the car until the last payment.

What affects your instalment

• Deposit: the more you put down, the less you borrow.
• Term: up to 60 months is common; shorter costs less interest in total.
• Balloon: a lump sum at the end lowers the instalment but must be paid or refinanced.
• Interest rate: set by the bank from your credit profile, usually linked to the bank’s base lending rate.

Use our instalment calculator, or see what you can afford.