PSMFC is a government loan institution that offer different types of loans to public service workers in Zambia. They have the lowest interest rates which attracts a lot of people. How can one have their PSMFC loan be approved in one month? Learn how to fill PSMFC application form and get it approved.

To get your Public Service Micro Finance Company (PSMFC) loan approved within one month in Zambia, follow these steps:
1. Choose the Right Loan Type
Select a loan that suits your needs:
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Personal Loan (up to ZMW 50,000)
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Motor Vehicle Loan (for brand-new vehicles)
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Agricultural Asset Loan (for farming equipment)
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Short-Term Loan (quick cash solutions up to ZMW 150,000)
2. Meet the Eligibility Criteria
Ensure you:
✅ Are a public service employee with at least 6 months of service
✅ Have a clean employment record (no disciplinary actions)
✅ Have at least 40% of your salary remaining after loan deductions
3. Prepare All Required Documents in Advance
Gather the following:
📌 Fully completed loan application form
📌 Recent payslip (last three months)
📌 Letter of confirmation from your employer
📌 Bank statements (if required)
📌 National ID
4. Submit Directly to PSMFC or an Accredited Dealer
For Motor Vehicle Loans, you can apply through CFAO Mobility Zambia (Toyota Zambia).
📍 Lusaka, Kitwe, Solwezi, and Livingstone branches
📞 Contact: +260 971 268 000
5. Follow Up Proactively
🔹 Call PSMFC (📞 +260 211 372 450) within 5–7 days after submission to check your application status.
🔹 If there are missing documents, submit them immediately to avoid delays.
🔹 Visit the PSMFC office in person if needed to speed up processing.
6. Be Ready for Loan Disbursement
Once approved, funds are disbursed within 21 days. Ensure your bank details are correct.
By following these steps, you can secure your PSMFC loan within one month! 🚀
How to fill PSMFC application form
To accurately complete the Public Service Micro Finance Company (PSMFC) loan application form, follow these steps:
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Obtain the Application Form: Download the appropriate loan application form from the PSMFC website. For instance, the Cash Loan Application and Agreement Form is available at PSMFC Cash Loan Application Form.
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Read the Instructions Carefully: Before filling out the form, thoroughly read all provided instructions and terms to understand the loan conditions and requirements.
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Complete Personal Details:
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Full Name: Enter your surname, middle name, and first name.
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Date of Birth: Provide your date of birth in the format DD/MM/YYYY.
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National Registration Card (NRC) Number: Input your NRC number.
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Marital Status: Indicate your current marital status (e.g., Single, Married).
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Gender: Specify your gender.
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Contact Information: Provide your home address, postal address, email, and mobile phone number.
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Provide Employment Details:
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Employer Information: State your employer's name and address.
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Job Title and Employee Number: Enter your official job title and employee identification number.
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Date of Appointment and Expected Retirement Date: Specify these dates in the format DD/MM/YYYY.
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Terms of Appointment: Indicate whether your employment is permanent or contractual.
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Salary Details: Provide your gross and net salary figures.
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Specify Loan Particulars:
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Loan Product: Select the type of loan you are applying for (e.g., Personal Loan, Educational Loan).
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Amount and Tenure: State the amount you wish to borrow and the repayment period in months.
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Repayment Method: Choose your preferred repayment method, such as payroll deduction or bank standing order.
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Repayment Guarantee:
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Guarantor Information: List details of your guarantors, including their names, outstanding loans, savings, membership numbers, contact information, and signatures. Ensure that your savings and those of your guarantors are sufficient to secure the loan.
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Declaration and Agreement:
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Applicant's Declaration: Certify that the information provided is true and correct, acknowledge understanding of the loan terms, and commit to repaying the loan as agreed.
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Signature and Date: Sign and date the form to validate your application.
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Employer's Consent:
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Employer's Confirmation: Your employer must confirm your employment status, assess your loan application, and agree to facilitate loan repayments through payroll deductions. This section requires the employer's signature and official stamp.
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Attach Supporting Documents:
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Introduction Letter: Obtain a letter from your employer introducing you as an employee.
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Payslips: Attach certified copies of your three latest payslips.
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Identification: Include a certified copy of your NRC.
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Bank Statement: Provide a stamped copy of your previous month's bank statement.
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Quotation (if applicable): For specific loans like the Agricultural Asset Plus Loan, attach a valid quotation from the dealer.
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Submit the Application:
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Review: Double-check all entries for accuracy and completeness.
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Submission: Submit the completed application form along with all required supporting documents to PSMFC for processing.
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By meticulously completing each section and providing all necessary documentation, you enhance the likelihood of a successful loan application with PSMFC.
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