What Was It Like Using Afri-Mula Loan App?
In my usage, there was nothing special about the Afrimula-Cash Loan App. It’s much like any other online loan app in Zambia. You download it, fill in the details, and get the loan. The problem comes in when you delay making your loan payment.
A lot of users have complained about their aggressive loan recovery methods. The bottom line is that they will give you a loan. However, if you default, be ready to be bombarded with disrespectful calls and SMS messages.
Who Owns Afrimula-Cash Loan App and What Are the Contact Details?
Afrimula-Cash Loan App is owned by Afrimula Solutions Limited. It is a fintech company fully registered in Zambia. As I always say, it is reassuring to know that an online loan app has well-established owners. It reduces the likelihood that it is a scam.
Contact Details
Support staff for Afrimula-Cash Loan App are available from Monday to Saturday, 9:00 AM to 5:00 PM.
- Phone: 0968394427
- WhatsApp: 0968394427
- Email: communication@afrimulacredit.com
- Finance Office Address: Mill House, Lunsemfwa Road, Lusaka, Zambia
What Are Afrimula-Cash Loan App Requirements?
- NRC
- At least 18 years old
- Mobile money account registered in your name
- Next of kin and at least one other person such as a colleague
Afrimula will also do a check to establish your creditworthiness. One of the ways they do this is by going through your messages.
This is why I suggest you use a phone that has a history of transaction text messages from your mobile money or bank.
Key facts and User Reviews of Afrimula-Cash Zambia
- Play Store Downloads: Over 100,000 downloads. Not all of these are from Zambia since it’s also available in Kenya
- Play Store Rating: 4.3 Stars
The most common negative reviews are about Afrimula’s aggressive loan-recovery methods. Many users say they were disrespected.
Others complain about the loan amounts being too small and the loan period being too short.
Others claim they have been getting rejected every time they applied but obviously this is not arbitrary. If you are rejected, it most likely has to do with your credit score.
The positive reviews talk about quick dusbur if funds and the easy application process.
Does Afrimula Need a Selfie and Images of Your NRC?
Taking a photo of both the back and front of your NRC, as well as a selfie, is expected when dealing with an online loan app. However, Afrimula-Cash Loan App does not need any of that. All you do is fill in your NRC number as well as your birthday.
What Information Do You Need to Submit?
- NRC number
- Your date of birth
- Your province and town/district/city
- Your phone number
- Whether you are employed or self-employed
- How much money you make and your payday
- What sector you work in
- How many dependants you have
- Whether your home is owned or rented
- Your next of kin
Tips to Get Approved by Afrimula
Make sure your next of kin is someone you frequently contact because Afrimula will check your call records. Having your next of kin in your records means the number is real and you are often in touch with them.
Use a phone that has lots of recent mobile money transactions. This will prove that you have enough cash activity to be able to pay back your loan.
Keep your SIM card in the phone you are using to apply. Although your verification code is still going to arrive even if it is in a different phone, you still need to have it in the phone you are using to apply. They will check for this and might reject you if they detect it is not in your phone.
Why Does Afrimula Reject Some Loan Applications?
The main reason for rejected loan applications is poor credit history. Afrimula does not seem to be very lenient when it comes to creditworthiness.
You could also be rejected if you make mistakes when filling in your details. This, of course, is easy to avoid. Just be careful when providing your details.
Sometimes, though, you can be rejected simply because Afrimula does not have money at the time of application. This is why you could be denied even after paying back your loan on time.
Afrimula Interest Rates and Fees
Afrimula-Cash Loan App has an interest rate of 0.121% per day. There are other fees, but these are made clear right from the start and are not hidden.
For example, if you get K200 for 7 days, you will pay total interest of:
200 + (200 x 0.00121 x 7)
K200 + 1.7 = K201.7
However, the final amount to pay back is much higher than that because of fees.
Afrimula, like most loan apps, misleadingly advertises high loan amounts such as K8000. This is false, as most people will only get K200 as their first loan. This amount will increase with every loan you clear.
The number of days for your first loan will usually be just 7 days. This is something lots of people complain about.
What Data Does Afrimula Get From My Phone?
They will ask permission to access your messages, contacts, and call history. No one can tell for sure what they might do with your data.
Some unethical loan apps use your contacts to embarrass you, but Afrimula has never been reported to be guilty of this.
What Happens If You Don’t Pay Back Your Afrimula Loan?
If you fail to pay back, you will get a barrage of harassing text messages. If those do not work, the worst that could happen is that your details will be submitted to CRB. This means you may not be able to get money from any lending institution in the future.
Even if your name is not put on CRB, you will find it hard to get money from other loan apps. This is because these loan apps share details about which individuals have outstanding loans.
Afrimula-Cash vs Other Loan Apps in Zambia
| Feature | Afrimula-Cash | Zamcash | Zeed Loan | |
|---|---|---|---|---|
| Application Process | Fully online through app | Fully online | Online platform | |
| First Loan Amount | Usually around K200 | Typically small starter loans | Can start from around K500 | |
| Repayment Period | Usually 7 days initially | 7 days, 14 days, 30 days | 14 days to 30 days | |
| Checks Phone Data | Yes | No | Yes | |
| Needs NRC Photos | No | No | Yes | |
| Loan Recovery Complaints | Many complaints about aggressive recovery | Mixed reviews online | Mixed reviews online | |
| Availability | Zambia | Zambia | Zambia |
Disclaimer: Cecil Betman Loan Consultancy, betmanzm.com, does not give financial advise on this website. This is merely for informational purposes. We are not representatives of Afrimula-Cash Loan App Zambia.