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NedLoans is a leading provider of loans to Namibians working for government and for employers with a payroll deduction agreement. NedLoans promotes responsible borrowing and offers personal loans from N$1 000 to N$30 000 for a variety of purposes - home improvements, study or school fees, emergency medical expenses or other unexpected costs, or purchase of furniture or other expensive household items. Repayments, by salary deduction over 12 to 48 months, are limited to one-third of net salary, or as agreed with the employer, but in line with the Labour Act. NedLoans can consolidate a client’s debt and settle it directly with the debtor. To protect the interests of borrowers and their next of kin, NedLoans offers insurance to cover death, disability or retrenchment.
