Additional fees

Development Bank of Namibia charges certain fees on approval and may charge additional fees under certain circumstances. These fees are added to the capital amount and do not have to be paid as a lump sum.

1. On initial approval, front-end fees are payable, as a percentage of the loan amount. This is determined on a case-by-case basis.
2. For any variation that you may request, a variation fee, as a percentage of the loan amount may be charged. This is determined on a case-by-case basis.
3. For any rescheduling (i.e. extension of a loan tenure) of the loan account, a percentage of the loan amount may be charged. This is determined on a case-by-case basis.
4. For any restructuring of the loan account, a fee as a percentage of the loan amount may be charged. This is determined on a case-by-case basis.
5. Guarantee fees are charged at 1.5% of the guarantee amount per quarter. This is applicable to clients who obtain performance guarantees from the Bank.
6. In certain instances, where property is offered as collateral, valuation fees will also be charged based on the type and location of a property.

Check with your Analyst on the applicable fees.