💳 Loans & Advances

Stop tracking staff loans in Excel.

Record salary advances and formal loans in ZamPay. Deductions happen automatically every payroll — no manual tracking, no missed instalments.

Available on Growth and above
ZamPay loans dashboard listing an active K3,000 salary advance with outstanding balance and instalment progress🔍 Click to expand
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Excel spreadsheets for loan tracking

Balances miscounted, deductions missed, employees disputing what they owe.

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No signed agreement

Without written authorisation, a loan deduction can be challenged under ECA 2019.

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Termination with outstanding balance

Employee resigns. How much do they still owe? No one knows.

How it works

Step 1

Record the loan or advance

Enter the amount, number of instalments, and start date. ZamPay generates a signed loan agreement PDF automatically.

ZamPay loans dashboard showing K3,000 salary advance for employee 🔍 Click to expand
Step 2

Deductions happen automatically

Every payroll run, ZamPay deducts the scheduled instalment — after PAYE, NAPSA, and NHIMA. The cap (default 25% of net pay) is enforced automatically.

📷 payslip with loan deduction — coming soon
Step 3

Track in real time

See every employee's outstanding balance, repayment history, and instalment progress from the Loans dashboard.

📷 loans dashboard — coming soon

What's included

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Salary advances

Short-term, recovered from next payslip

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Formal loans

Multi-month instalment plans with agreement

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Auto-generated agreement

PDF created on loan creation, ECA 2019 compliant

Auto-deduction

Deducted from payroll run after statutory contributions

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Deduction cap

Configurable max % of net pay (default 25%)

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Balance dashboard

Total issued, collected, outstanding, active loans

Pause/resume

For employees on unpaid leave or suspension

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Termination flag

Outstanding balance flagged automatically on employee exit

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Built for Zambia

The Employment Code Act No. 3 of 2019 requires written employee authorisation for any salary deduction. ZamPay generates a signed loan agreement automatically on every loan or advance — satisfying this requirement without any extra steps. Deductions are applied after statutory contributions (PAYE, NAPSA, NHIMA) as required by law.

This feature is available on Growth and above.
See all plans →

Start using Loans & Advances today.

Free plan available. No credit card required.

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