Frontier Finance Zambia

HOW TO CHOOSE A LOAN COMPANY FOR YOUE NEXT LOAN
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By default, when looking for a loan, the first thing you want to look for is the interest rate which is expressed as a percentage. Some lenders will give you a loan at a 4% interest rate, while others will give you the same loan at 20% interest rate.

Most borrowers make the mistake of using the interest rate of a loan as the ONLY variable to consider when choosing a lender. There are four other things that you need to consider that are just as important, perhaps even more important, as the interest rate of a loan.

FEES

You need to find out what fees you will incur in the process of acquiring the loan. You also need to know of any possible penalties that might cost you money.

PREPAYMENT PENALTIES

Am sure you know that loan companies make more money the longer the loan period is. Therefore, in an event that you come across some money. Can you pay off you loan early? If so, are there any penalties attached to it? Additionally, you need to find out if the loan company offers incentives for paying off your loan early.

INCENTIVE FOR REPEAT BUSINESS

Over 76% of people who get a loan, always come back for a second, or third, or fourth loan. You need to find out if you will get any incentives for getting a loan again once you pay off the current loan.

CUSTOMER EXPERIENCE

This is perhaps the most important, but often overlooked variable – the customer experience. Especially when it comes to how they handle support, and how they manage delayed payments (in events where it’s not deducted directly from borrowers account). Do they call you a hundred times using a hundred different numbers? Do they call your employer or next of kin? In short, can they be patient?

So the next time you want to get a loan, do your due diligence. Remember that interest rate is just one of the variables that you need to consider when choosing a lender.

Frontier Finance Zambia
Getting Finance has never been EASIER or QUICKER!
Move forward by partnering with us!
16% with flexible payment plans.
Visit or call on +260771283535.

You can keep your vehicle and get finance against it and all is processed within a FEW hours
Enjoy our PROMO rate of only 16% plus Flexible repayment
Simple and attainable requirements:
- Proof of Identification
- Proof of Residence
- White Book / Title
Move forward by partnering with us!
Visit or call us on +260771283535.

BENEFITS OF OUR SERVICES.
Competitive Rates with flexible Repayment Options
Fast Turnaround
No Hidden Fees
Simple and attainable requirements% with 16% flexible payment plans.
Visit or call us on +260771283535.

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Frontier Finance Zambia
Getting Finance has never been EASIER or QUICKER!
Move forward by partnering with us!
16% with flexible payment plans.
Visit or call on +260771283535.

Move forward by partnering with us!
16% with flexible payment plans.
Visit or call on +260771283535.