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.