FNB introduces renewable energy loan

13 April 2017

FNB Namibia has introduced a Renewable Energy Loan to customers through which they will be able to purchase renewable energy products such as a solar geyser. The renewable energy loan will be in the form of a personal loan over a maximum term of five years (minimum 12 months) depending on affordability. 

FNB Manager Product, Pricing and Profitability, Jerome Namaseb, said applicants for the loan must be over the age of 18 and must have a BankWise or Lifestyle account with FNB Namibia.

“The customer’s salary should be deposited by the employer directly into the account and he/she should qualify in terms of internal scorecard rules. The customer may not be insolvent, under administration or have a garnishee order against salary.

“You would, however, agree that not all customers can afford to repay large renewable installations over five years or a shorter period, and we will therefore still allow customers to finance the equipment and installations via their Home Loans in the form of a Flexi Bond, re- advance or Future Use Home Loan offer if preferred, as this would reduce pressure on their daily cash flow,” Namaseb said.




The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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