Terms & Conditions
Please read these terms carefully before using our services.
1. Introduction
Welcome to StataPay. By accessing or using our student loan services, you agree to be bound by these Terms and Conditions and our Privacy Policy. If you do not agree to these terms, please do not use our services.
2. Loan Eligibility
To be eligible for a micro tier student loan, you must be a registered student at one of our partner universities in Zambia, be at least 18 years of age, and meet our internal credit criteria.
3. Loan Limits and Collateral
Every user starts with a defined loan limit which increases organically as they build a positive repayment history. If you require a loan amount that exceeds your current limit, it becomes a collateral-backed loan. In this process, you will specify your collateral item during application. Once approved, you simply print the loan agreement, bring the collateral to our office, and finalize the agreement.
4. Interest Rates and Repayment
All interest rates are fixed based on the loan duration selected at the time of application. You are responsible for ensuring that the loan and any accrued interest are repaid by the agreed-upon due date.
5. Default and Penalties
Failure to repay your loan by the due date may result in late payment fees, restricted access to future loans, and potentially the forfeiture of any collateral provided. We encourage you to contact support if you face difficulties meeting your repayment schedule.
6. Changes to Terms
We reserve the right to modify these Terms and Conditions at any time. We will notify users of any significant changes via email or an announcement on our platform.
Last updated: September 1, 2026
