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We empower students.

Micro-loans straight to your phone

Apply with your phone

Online application process

Micro-loans for Primary, Secundary, Higher and Tertiary Education

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and we will contact you via WhatsApp.

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We enable opportunities.

Access to micro loans, via your phone.

How can we help you?

Hereby our answers to frequently asked questions.

Do you have a different question? Please contact us via WhatsApp.

How much can I borrow max?


You can borrow a loan amount not excceeding $70 000




Do I need to have a smartphone to get a loan?


You do not have to own a smartphone. You can use a smartphone of someone else. However, you need to have a mobile telephone number which you need to enter during online registration process.




How much is the interest rate?


The interest rate is a) 7% for local higher and tertiary institutions. b) 12% per month for primary,secondary and others.




When can I get my loan?


The loan will be paid between the 5th and 10th of every following month direct to the institution




When do I have to repay the loan?


You will have to repay each month starting from the following month of your application approval.




Can I get another loan while my current one is still running?


Yes as long as your income still allows deduction.




Do I need to spend the loan amount on my education only?


The loan amount will be paid directly to the education institute, and therefore can only be spent on your education.




How do I need to pay back the money?


a) repayment is through direct salary deduction from employer b) You can pay back each month using bank transfer, ecocash/Onemoney or swipe if (a) above does not apply




Who can qualify for a loan?


Zimbabwean students who have qualified for education in Zimbabwe with parents or guardians with a fixed income. Guardians or sponsors A) should be employed by employers who have a salary deduction arrangment with Eduloan. e.g civil servants B) Inquire for a waiver of the above if your sponsor is not from the (a) above




Do I need to have collateral to get a loan?


No collateral is needed to qualify for a loan.