Home Loan

A place you call home

We have been financing homes for our clients for more than 22 years. Therefore, at Bank Windhoek, we understand that at different stages in your life, whether you are single, married or with a growing family, you have changing housing needs. We can provide you with the best finance options to help you own the ideal home that meets your particular needs.

Features and benefits

• The normal repayment period of a home loan is twenty years; however you can choose to pay off the home loan over a shorter period of time to save on your total interest cost.
• You will receive competitive interest rates on your home loan.
• If you are a Selekt cheque account holder, you may receive special discounted interest rates.
• You may preferably pay your instalments by debit order, by post, or personally at your Bank Windhoek branch.

Conditions that apply

• To qualify for a home loan you must be permanently employed and have a satisfactory credit record.
• Your monthly instalment may not exceed 30% of your gross monthly income. The Bank will also take your spouse’s salary into account.
• If you qualify for a housing subsidy, you must submit documentary proof of the subsidy to us.
• You are normally required to pay a deposit equal between 10% and 20% of the purchase price. However, 100% home loans may be granted at the Bank’s discretion.
• You can discuss possible rate discounts with the sales manager at your nearest branch.
• A valuator, subject to the Bank’s approval, must be responsible for the valuation of your property.
• We will assist you with organising Life Cover and Property Insurance through our different broker firms for your property.