NamWater and Standard Bank Namibia have signed an agreement to provide employees with easier access to housing, vehicle and personal loans.
The partnership introduces three loan schemes covering home finance, car finance and personal lending, all offered at preferential rates.
NamWater Acting Chief of Strategy and Corporate Affairs, Irwin Haihambo, said the initiative is aimed at improving employees’ financial wellbeing.
“The agreements cover home loans, vehicle finance and personal loans, forming a complete financial support package for our staff,” he said.
Under the deal, employees can access home loans of up to 108% of the property value, vehicle loans at below prime interest rates, and personal loans with repayment periods of up to five years.
Loan repayments will be deducted directly from salaries, reducing risk and simplifying the process.
Standard Bank Namibia said the partnership forms part of its workplace banking strategy, which brings financial services directly to employees through on-site support and tailored solutions.
Head of Personal and Private Banking Karen van der Merwe said the model is designed to make banking more accessible.
“By bringing services into the workplace, employees can access support easily without having to travel, while benefiting from dedicated relationship management,” she said.
The partnership is expected to improve financial stability among employees while strengthening cooperation between the two institutions.
