• Call Us+260 211 224 653 / 225 080
  • Email at izb@izb.co.zm

Auto Finance


  • Purchase of brand new and second hand utility vehicle. Age of Second- hand vehicle not to exceed 5 years.


  • Salaried employees with Government Institutions, NGO's, Schools, Corporate and reputable business houses.
  • Professionals such as Doctors, Accountants, Lawyers etc.
  • Self employed people with proven regular income.
  • Corporate entities for purchase of company utility vehicles.

Quantum of Loan

  • 80% of the cost of the vehicle, subject to repaying capacity+

Repayment Period

  • Repayment period not exceeding 60 months in case of brand new car and 48 months in case of second hand vehicle . The repayment period not to exceed the left over service period in case of salaried employees.


  • Total loan deductions including installment on Auto Fin loan should not exceed 50% of salary net of statutory deductions.

Interest Rate

  • BOZ Policy Rate plus margin

Processing Fee

  • 2.5% to 3%


  • Comprehensive insurance of motor vehicle financed.


  • Charge over motor vehicle financed.
  • Employer's undertaking to remit loan installments to our bank during tenor of the loan and terminal benefits/gratuity in case of loss of separation


Customer to complete our standard Auto Fin loan application form attaching the following:

  • Copy of invoice for brand new vehicles from a reputable /registered dealer
  • Letter of sale in case of second hand vehicles with copy of white book and NRC of the seller.
  • Engineer's report from a reputable garage in case of secondhand vehicles certify
  • If importing, copy of invoice should be made available and estimated cost of duty and transportation to be advised.
  • Loan amount and customer's contribution shall be remitted to the supplier of the vehicle as a lump sum.
  • Copy of pay slip or proof of income in case of self employed.
  • Copy of NRC of the vendor.

Please contact your nearest branch for further details