Namibia Home Loan Repayment Calculator
See your monthly bond repayment, the total interest over the life of the loan and how extra payments can save you years. Enter the price, your deposit, the interest rate and the term.
Your bond repayment
Estimates based on the rate and term you entered.
| Interest rate | Monthly repayment | Total interest |
|---|
See the yearly repayment schedule
| Year | Loan repaid | Interest paid | Balance left |
|---|
How it works
The basics behind your result.
Monthly repayment
We spread the loan over your term at the interest rate you enter, using the standard loan formula. Early payments are mostly interest, and more of each payment goes to the loan as the years pass.
Extra payments
Paying a little extra each month goes straight to the loan balance. This reduces the interest charged every month after that and shortens the loan.
Interest rate changes
Most home loans follow the prime lending rate, so your repayment can go up or down. The table below your result shows how a change of one or two percentage points affects you.
Interest rate
This page starts with the prime lending rate: 10.50% after the Bank of Namibia’s 28 October 2026 decision. Rates change, so enter the rate your bank offers.
Common questions
How is my monthly repayment calculated?
It is based on the loan amount, the interest rate and the number of months. Each month you pay the interest owed plus part of the loan, and the payment stays the same while the rate stays the same.
What if interest rates change?
If your loan is linked to the prime rate, your repayment changes when the rate does. Use the table under your result to see the effect of the rate going up or down.
How do extra payments help?
Extra money goes towards the loan itself, so you owe less interest afterwards. Even a small extra amount each month can save years and a lot of interest. Check with your bank that there are no penalties.
What other costs come with buying a home?
Besides the deposit and monthly repayment, you may pay transfer duty, bond registration and attorney fees, insurance, and rates and taxes. Ask your bank and your conveyancer for a full list.
How much can I afford?
Lenders look at your income and your other debts. As a general guide, many prefer the bond repayment to be no more than about 30% of gross monthly income. Your bank will assess your own situation.
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