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  • Agribank Namibia - Interest Rates 2020

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    Pieter Steenkamp
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    The document announces interest rate adjustments by Agribank for May 2020. It lists the bank's various loan products and their old and new interest rates. Most rates were reduced slightly, with short-term loans reduced from 8.75% to 8.25% and long-term loans reduced from 9.25% to 8.75%. Penalty interest on arrears was also reduced from 2% to 1.5%.

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    The document announces interest rate adjustments by Agribank for May 2020. It lists the bank's various loan products and their old and new interest rates. Most rates were reduced slightly, with short-term loans reduced from 8.75% to 8.25% and long-term loans reduced from 9.25% to 8.75%. Penalty interest on arrears was also reduced from 2% to 1.5%.

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    36 views1 page

    Agribank Namibia - Interest Rates 2020

    Uploaded by

    Pieter Steenkamp
    The document announces interest rate adjustments by Agribank for May 2020. It lists the bank's various loan products and their old and new interest rates. Most rates were reduced slightly, with short-term loans reduced from 8.75% to 8.25% and long-term loans reduced from 9.25% to 8.75%. Penalty interest on arrears was also reduced from 2% to 1.5%.

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    of 1

    agribank

    agribank
    www.agribank.com.na

    AGRIBANK PORTFOLIO

    INTEREST RATE
    ADJUSTMENTS
    MAY 2020

    PRODUCT OLD INTEREST RATE NEW INTEREST RATE

    Subsidised loans (incl. PSSF) 4% 4%

    Short-term loans 8.75% 8.25%

    Medium-term loans 9.5% 9.0%

    Medium-term loans (Aquaculture) 5.75% 5.75%

    Long-term loans 9.25% 8.75%

    Long-term loans (poultry 8.25% 8%


    & bush control - mechanized)

    NACP non-production loans 8.25% 8%

    NACP production loans (not subsidised) 4% 4%

    Affirmative Action Loans (upper limited) 9.54995% 9.04995%

    Drought Relief schemes (pre -2019 providing 0-4.75% 0-4.75% (no change)
    interest rate relief)

    Bush control loans (labour intensive) 7.25% 7.25%

    No-collateral loans 9% 8.5%

    ERFP 6.75% 6.75%

    Penalty interest on arrears 2% 1.5%


    style@iway.na

    Windhoek Head Office Katima Mulilo Mariental Midland (Windhoek) Otjiwarongo Oshakati Rundu Gobabis
    (061) 207 4111 (066) 252 060 (063) 242 818 (061) 207 4202 (067) 304 596 (065) 221 358 (066) 255 645 (062) 577 800/1
    info@agribank.com.na katima@agribank.com.na southern@agribank.com.na midland@agribank.com.na otjeroku@agribank.com.na oshakati@agribank.com.na kavango@agribank.com.na gobabis@agribank.com.na

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