Fixed Deposits
Invest for a fixed period and earn interest — rates up to 22% p.a., insured with Klapton Insurance.
LOLC Fixed Deposit Account is an investment account which allows businesses and individuals to invest funds for a fixed period and earn interest. Set your investment period, make a single deposit, and see your money grow at a fixed rate without attracting any bank charges.
From the table below you can choose the following investment interest pay-out options:
- Interest paid in advance
- Interest paid monthly
- Interest paid quarterly
- Interest paid at maturity
Proposed rates
We have presented in the table below our proposed rates on an investment amount of K1,000,000 and above.
Rates are subject to change and are negotiable. Ts & Cs apply.
We also offer a 365-day fixed deposit in US$ Dollars with interest payable at maturity. Rates on request with a minimum deposit of US$ 50,000.
The products give an assured return (interest), which can be paid on a monthly, upfront, quarterly or maturity basis, depending on the investor's preferred mode of investment.
To give extra comfort to new and existing clients, LOLC Finance Zambia insures all fixed deposit principal and interest with Klapton Insurance.
Ready to Get Started?
Visit any LOLC branch nearest to you, or reach out and one of our team will guide you through it.