Financial Product

NEDBANK: SME Product Portfolio

NEDBANK just recently launched its SME Division. Currently, NEDBANK offers the following products for SMEs in all of its branches:

  1. Business Account with Overdraft: An overdraft is a short-term loan arrangement, where your account limit gets extended up to an agreed amount. It’s the most common type of business loan. Depending on your businesses turnover, NEDBANK offers overdrafts from 50.000 – 1 Mio N$.
  2. Business Loans: NEDBANK offers business loans from a min. 100.000 – 5 Mio N$. Collateral is required.
  3. Asset-based Finance: this loan product aims to finance vehicles, machinery and other equipment. The asset that is bought (i.e. car, machine, etc.) also serves as the security (or collateral) for the loan.
  4. Commercial Property Finance: this loan product aims to finance land and properties, like factory buildings or office buildings. It more or less works like a mortgage loan.
  5. Contract Finance (NEW!): in case you won a tender or secured a purchase order, but do not have the liquidity to deliver, this product provides you with financing against the tender documents, purchase orders or project agreement.


  • SME
  • With legal entity
  • Startups
Type of financing

Debt (Loans)

Target Area
  • Restructuring/Merger
  • Starting a company
  • Growth/Expansion

loans, bank finance

  • Business must be registered with MITSD
  • Business must have a tax registration certificate
  • Business must have a legal entity
  • For most NEDBANK products, business needs to bank with NEDBANK
  • Business should have an up-to-date business plan (also see “Application Procedure”)
Application Procedure
  • NEDBANK application form (available at any branch)
  • Financial statements (not for start-ups!)
  • Cashflow projections
  • Bank statements
  • Business plan
  • Any other available documentation, ex. lease agreements, etc.
  • Copy of IDs

Please ask at any NEDABNK branch for the full list of necessary documents for your loan application.

For more information


Shalene Petersen

Nedbank SME Banking Division

+264 61 2952287

Or visit any Nedbank Namibia Branch


Click here for the NEDBANK Website!