Personal Overdraft
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Get instant access to extra funds with an overdraft facility linked to your current account. Use it for day-to-day banking when you need breathing room, and pay interest only on the amount you use.
NAD
1 500
Minimum facility limit
NAD
7 000
Minimum monthly income
Variable
Interest rate (up to the maximum allowed under the Usury Act)
Reviewed annually
Facility review
Some of the benefits
Instant access
Your overdraft is linked to your current account, so you can access extra money whenever you need it, without opening a separate credit account.
Limit control
Choose a limit that fits your cash flow. As your needs change, your facility can be reviewed and adjusted based on affordability and lending criteria. You can request the banker to enable a reduction order to payoff the overdraft.
Optional protection
Add a Loan Protection Plan to help cover your outstanding balance if life takes an unexpected turn, so you and your family can have added peace of mind.
Pay as you go
Only pay interest on what you use. When your salary is deposited, your account automatically reduces what you owe and your available limit frees up again.
What you get
- A revolving overdraft facility loaded to your specific transactional account.
- Segment-based access: Titanium (OD002), Platinum (OD003), Private (OD004).
- Minimum facility limit of N$1,500 across segments.
- Maximum limit varies by segment and assessment outcome.
- Eligibility is influenced by income level and employment history.
- The loan has imbedded Loan Protection Plan.
What it costs
- Interest is charged on the amount you use, at a variable rate up to the maximum permitted under the Usury Act.
- Fees and charges depend on your account type and applicable pricing rules.
- You may pay standard initiation and/or service fees where applicable.
- Costs are confirmed in your final offer before you accept the facility.
- Optional cover (Loan Protection Plan) has a separate premium.
- Keeping within your approved limit helps you avoid penalty charges.
How it works
- A Personal Overdraft is a credit facility linked to your current account.
- Use it for everyday payments when your balance is low, up to your approved limit.
- Interest is charged only on the amount you use.
- Your facility is reviewed annually, subject to lending criteria.
- Your approved limit is based on income, affordability, and credit assessment.
- Your offer will be available on your Internet Banking.
How to get it
- Be an existing Titanium, Platinum or Private Banking transactional account holder.
- Have your salary deposited electronically for at least 6 months.
- Submit the required documents:
- Valid Namibian ID document
- Proof of latest income
- Proof of residence (utility/telephone account; if not in your name, attach confirmation letter)
- Last 6 months’ bank statements for the salary-paid account (clean credits & bank record)
- Apply online (where enabled) or request a Call me back.
If approved, the overdraft is loaded to your current account and you’ll receive a final offer.
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What you get
-
What it costs
-
How it works
-
How to get it
- A revolving overdraft facility loaded to your specific transactional account.
- Segment-based access: Titanium (OD002), Platinum (OD003), Private (OD004).
- Minimum facility limit of N$1,500 across segments.
- Maximum limit varies by segment and assessment outcome.
- Eligibility is influenced by income level and employment history.
- The loan has imbedded Loan Protection Plan.
- Interest is charged on the amount you use, at a variable rate up to the maximum permitted under the Usury Act.
- Fees and charges depend on your account type and applicable pricing rules.
- You may pay standard initiation and/or service fees where applicable.
- Costs are confirmed in your final offer before you accept the facility.
- Optional cover (Loan Protection Plan) has a separate premium.
- Keeping within your approved limit helps you avoid penalty charges.
- A Personal Overdraft is a credit facility linked to your current account.
- Use it for everyday payments when your balance is low, up to your approved limit.
- Interest is charged only on the amount you use.
- Your facility is reviewed annually, subject to lending criteria.
- Your approved limit is based on income, affordability, and credit assessment.
- Your offer will be available on your Internet Banking.
- Be an existing Titanium, Platinum or Private Banking transactional account holder.
- Have your salary deposited electronically for at least 6 months.
- Submit the required documents:
- Valid Namibian ID document
- Proof of latest income
- Proof of residence (utility/telephone account; if not in your name, attach confirmation letter)
- Last 6 months’ bank statements for the salary-paid account (clean credits & bank record)
- Apply online (where enabled) or request a Call me back.
If approved, the overdraft is loaded to your current account and you’ll receive a final offer.