Personal Loans

• Loans from N$1 500.00 to N$100 000.00 over repayment period of between 12 and 60 months;
• Insurance in the event of death, disability or retrenchment;
• Monthly instalments payable via salary deduction;
• Repayments and deductions limited to one third of net salary; and
• Clean ITC record or consolidation of such debt instead.

• The Borrower’s employer must have a Payroll Deduction Agreement in place;
• The Borrower must be permanently employed by an approved employer;
• The Borrower must be permanently employed for at least one year of service at his/her present employer;
• The Borrower must be at least 21 years of age;
• The Borrower must be a Namibian Citizen;
• Remaining period of service before retirement must be at least 3 months longer than the period of the loan applied for;
• and No insolvent or person under Garnishee orders or Administration order may apply.
• The nett salary after deduction of the instalment may not be less than N$1000.00

• Original Namibian ID Document/Valid Namibian Passport/Valid Namibian Driver’s License with Birth Certificate;
• Your most recent original payslip;
• Your latest original 3 month’s bank statement indicating your latest salary deposit, which corresponds with your latest payslip and your own personal particulars;
• Marriage certificate (if married); and
• Spouse’s consent – if you are married in community of property.

Let Nedloans make that dream happen.