Personal loans
Short-term cash for salaried Namibians
Every cost shown before you sign, and only what you can afford to repay.
At a glance
- Amount
- N$ 500 – N$ 10,000Based on what you can afford
- Term
- Up to 3 monthsUnder N$ 2,000: next salary date
- Cost
- 26% interest+ small government charges
- Other fees
- NoneNo initiation or service fee
- Repayment
- Debit orderOn your payday
Who it's for
Built for people with a regular salary
Our loans bridge the gap to your next payday. You're a good fit if all three of these are true.
You're employed in Namibia
You earn a salary from an employer in Namibia and get a monthly payslip.
Your salary is paid into a bank account
You need a bank account in your own name that your salary is paid into.
The instalment fits your budget
We check affordability on every application, so the loan never takes too much of your pay.
Amounts & terms
How long you have to repay
The term depends on how much you borrow.
| You borrow | Term | How you repay |
|---|---|---|
| N$ 500 – N$ 1,999 | Next salary date | One payment of the full total |
| N$ 2,000 – N$ 10,000 | 1, 2 or 3 months | Equal monthly instalments on payday |
Example: borrow over 3 months
N$ 3,000.00
- Interest (26%, once-off)
- N$ 780.00
- Government charges*
- N$ 35.90
- Total to repay
- N$ 3,815.90
Last instalment N$ 1,271.96 (rounding). *Estimate. 26% interest is charged once on the amount you borrow, not monthly. Government charges are the NAMFISA levy and stamp duty, set by law. Every loan is subject to an affordability check. See all fees
What you need
Three documents, nothing more
Have these ready and the online application takes about five minutes. Clear photos or PDFs are fine.
Your ID document
To confirm who you are. We verify it; we never keep your ID card.
Your latest payslip
Shows your employer, your gross salary and your deductions, so we can check affordability.
3 months' bank statements
From the account your salary is paid into. They show your regular income and expenses.
We will never ask for your bank card, your PIN or your internet banking password. Anyone who does is not Dial-a-Bag.
How repayment works
Paid on payday, automatically
Repayment is by debit order, collected through the NamPay enhanced debit order (EnDO) system.
Step 1: Sign the mandate
When you sign your loan agreement, you also authorise a debit order from your salary account.
Step 2: Collected on payday
Each instalment is collected on your payday, after your salary arrives. No transfers to remember.
Step 3: Loan settled
After the last instalment your balance is N$ 0.00. Want to finish sooner? Settle early, no penalty.
Responsible lending
We only lend what you can afford to repay
Namibian lending rules set a ceiling on how much of your pay a loan instalment may take. We apply it to every application, even when it means offering you less than you asked for or saying no. A smaller loan you can repay is better for you than a bigger one you can't.
Your monthly instalment can't be more than the smaller of:
Half
of your discretionary income — your take-home pay minus your regular living costs and the debt repayments you already make.
One-third
of your gross salary — your pay before tax and other deductions, as shown on your payslip.
Illustration only
- Gross salary N$ 9,000 ÷ 3
- N$ 3,000
- Discretionary income N$ 2,400 ÷ 2
- N$ 1,200
- Highest instalment allowed
- N$ 1,200
The smaller figure wins. With N$ 1,200 a month, this person could borrow up to N$ 2,800 over 3 months (instalments of N$ 1,187.28). Your own figures come from your payslip and bank statements.