Home Loans for Namibian Government Employees-HOSSM Scheme
Support your dream of homeownership with Bank BIC’s tailored home loan solution for Namibian government employees. As an officially approved lender under the Home Owner's Scheme for Staff Members (HOSSM), Bank BIC offers convenient salary-deducted loans with exclusive benefits and competitive rates
General Conditions
Loan is available for:
- Buying, improving or constructing residential property
- Subject to a registered mortgage bond over the property in Bank BIC’s favor.
- Maximum repayment period: 20 years (shorter terms available)
- 100% home loans considered for first-time homeowners (Namibian citizens), based on property valuation or purchase price, whichever is lower
- Home loan instalment may not exceed 30% of gross salary/joint income
- Salary deductions processed securely via Government Deduction Code
- Government employees qualify for subsidized interest and, subject to terms, a 20% government guarantee through HOSSM
What Do You Need to Apply?
- Valid Namibian ID or passport
- Proof of permanent government employment
- Detailed income and expenditure statement
- Latest Payslip(s)
- Proof of residential address (recent municipal account, not older than 3 months)
- Marriage certificate and ANC (if applicable)/divorce/death certificate documentation
- Deed of Sale (for property purchase)
- Completed HOSSM application/booklet, with all sections relevant to your loan type
- Confirmation of property title/ownership status
- Authorization for salary deduction
- Any other supporting documents required by HOSSM or HR policies
Further details and Tips
- Speak to your HR practitioner or visit Bank BIC for guidance on the HOSSM process.
- Deductions are made directly from your salary via secure government systems.
- Enjoy fast, simple application processing and dedicated support throughout