Congratulations if you have received approval for finance from Development Bank of Namibia. In the interests of transparency, this document will help you to understand:
The term sheet which you need to agree to before we can pay amounts in terms of the loan approval
The Bank’s fees and charges, and how to manage your loan for the lowest possible repayment costs.
It will also explain:
Additional fees (standard charges),
Fees that may arise before and after signing the term sheet,
Repayment
Conditions of the loan
Restructuring and rescheduling
What to expect after approval, and
The Bank’s Client Support function.
Use the guide to understand how to manage your loan for the lowest possible repayment costs.