As Namibia’s housing market shows signs of recovery, the dream of homeownership remains elusive for many. Rising property prices, stagnant wages and limited access to affordable financing have created a widening gap between aspiration and reality. But Letshego Bank Namibia is stepping up to change that narrative and closing the gap one home at a time.

The housing affordability dilemma

Despite a rebound in property activity, affordability remains a pressing issue. According to the Namibia Statistics Agency, only 46.2% of the working-age population is economically active, and more than half earn less than N$5,000 per month. With inflation driving up housing and utility costs, and mortgage uptake still low, many Namibians are being priced out of the market.

Experts warn that the limited supply of affordable housing is pushing demand into lower-priced segments, forcing buyers to compromise on quality or location. The term “affordable housing” is becoming increasingly misleading, as even entry-level homes are out of reach for the average citizen.

Letshego’s inclusive approach to home financing

Recognising these challenges, Letshego Bank Namibia has introduced a suite of home loan products designed to meet the needs of a diverse customer base from first-time buyers to those looking to refinance, upgrade, or build.

In 2024 alone, the bank disbursed approximately N$160 million in home loans, helping over 200 Namibians achieve their homeownership goals. With a strong focus on financial inclusion, Letshego’s offerings are tailored to accommodate all income brackets, including those seeking to build or buy in proclaimed residential areas.

What sets Letshego home loans apart

Empowering Namibians through property ownership

Letshego Bank’s mission goes beyond lending. “We are here to empower every customer with financing that fits their unique journey. Homeownership should be within reach for all, and we are proud to play a role in helping Namibians secure lasting value and stability through property ownership,” said Denver Beukes, Head of Home Loans, Letshego Bank Namibia.

Your home, your way in urban or rural

Letshego also supports customers looking to build or improve homes in rural areas. Through partnerships with employers who have a Memorandum of Understanding (MoU) with Letshego Holdings Namibia, eligible individuals can access personal loans to renovate, build, or upgrade their rural homes, uplifting living standards across the country.

Take the first step toward your dream home

Whether you are buying in the city or building in the countryside, Letshego Bank Namibia is ready to walk the journey with you. To apply, you will need:

Visit your nearest Letshego branch or speak to a Home Loan Consultant today and take the first step toward owning your future.

Contact any of Letshego Bank’s home loan consultants

Name: Wiliwalda Namises Location: Windhoek Contact details: +264 81 805 9451 Email address: Wiliwaldan@letshego.com

Name: Mara Esau Location: Windhoek Contact details: +264 81 399 2900 Email address: MaraE@letshego.com

Name: Kingsley Kwenani Location: Windhoek Contact details: +264 81 851 2189 Email address: KingsleyK@letshego.com

Name: Elka Tumwine Location: Rundu Contact details: +264 81 696 5422 Email address: ElkaT@letshego.com

Name: Edward Kavungu Location: Walvis Bay Contact details: +264 81 201 8676 Email address: edwardk2@letshego.com

Name: Ndevama Mbinge Location: Oshakati Contact details: +264 81 290 8353 Email address: ndevamam@letshego.com

If you require more information about Letshego's home loans, please reach us at:
NA.HomeLoanApplications@letshego.com