Products and Services
PostFin (Personal loans)

What is PostFin?

NamPost Financial Brokers (Pty) Ltd trading as PostFin is a wholly owned subsidiary of NamPost. It was created as a conduit for NamPost to better serve Namibians by providing access to affordable financial services throughout the Country. Our slogan is “Smart Borrowing made Simple”.

What does PostFin offer you?

Different Categories of Personal Loans are available to Clients who are employed by companies who have a Payroll Deduction Agreement with PostFin. We also serve permanently employed Clients who receive their monthly income on their NamPost SmartCard as well as War Veterans and Pensioners as long as they have a steady monthly income which is deposited electronically onto their NamPost SmartCard. 

  • Clients can select which loan amounts best meets their needs with loan amounts ranging from as little as N$ 750.00 to a maximum of N$ 40,000.00 
  • Clients are further accommodated in that they are able to select the most suitable repayment period and can choose from the following options = 3 months / 6 months / 12 months /  24 months /  36 months / 48 months.

Debt Consolidation:

PostFin also assists our Clients by offering them an option to have their existing and probably more expensive debt consolidated; PostFin also settles any ITC listing (if not by a registered financial institution) – this clears our Clients’ credit track record and provides a platform for them to improve their financial future.   

Credit Life Policy:

Credit Life assurance protects and assists the borrower and his/her family against certain eventualities. The policy benefits are paid out in event of:

  • Death
  • Total and  Permanent Disability
  • Temporary Disability
  • Personal Catastrophe(Heart attack, Stroke, Cancer, Major Burns)
  • HIV through blood transfusion
  • Retrenchment

There is a Microplus Benefit for your beneficiaries in case of accidental death.

Who may apply?

  • Employees of companies who have a Payroll Deduction Agreement with PostFin or people who have their monthly income deposited electronically onto their NamPost SmartCard.
  • Your monthly salary/wages must be paid into your SmartCard account for at least three consecutive months. This condition is not applicable to clients whose employer has a Payroll Deduction Agreement with PostFin.
  • All clients must provide bank statements from the last three months.
  • Your monthly loan repayments may not exceed 33.3% of your Gross salary/wage including allowances but excluding overtime, bonuses and commission.
  • You must have been employed for last 12 consecutive months (excluding War Veterans and Pensioners).
  • You my not be insolvent and not under financial administration.
  • Namibian Citizens and Permanent residents.
  • People who are older than 21 years but younger than 74 

All applications are subject to Credit Bureau Clearance and Credit Evaluation. 

PostFin loans currently accrue interest at a rate of 16.75% per annum – this is a lot lower than the maximum rate of N$ 18.5% set by NAMFISA. 

Be Smart – compare what your monthly loan repayment at PostFin will be to that which you would be paying any of our competitors – chances are that PostFin is more affordable!

Loan Amounts and Installment Schedule:

Period/loan amount

N$ 5 050

N$10 050

N$ 15 050

N$ 20 050

N$ 25 050

N$ 30 050

N$ 35 050

N$ 40 000

12 months

486.80

968.23

1,449.67

1,931.10

2,412.54

2,893.98

3,375.41

3,852.03

24 months

275.33

547.64

819.94

1,092.25

1,364.56

1,636.87

1,909.17

2,178.76

36 months

206.78

411.30

615.82

820.34

1,024.86

1,229.37

1,433.89

1,636.37

48 months

174.02

346.14

518.27

690.40

862.52

1,034.65

1,206.77

1,377.18