What is an administration fee?

Author
MyProperty Namibia
Namibia's #1 independent property portal

The fee charged by a Bank to cover the initial costs of processing a home loan application.

Home Loans Property News
How to protect your finances while owning a home
home owners
How to protect your finances while owning a home
20 Mar 2025
Owning a home is a major financial milestone, but it also comes with responsibilities. While homeownership can help build wealth over time, poor financial decisions can lead to unnecessary stress and even financial hardship. The key to long-term financial security lies in careful planning, disciplined budgeting, and smart saving habits.
read more
What to do before moving into your new home
Buyers
What to do before moving into your new home
06 Feb 2025
Finding the perfect property in Namibia is an exciting journey, but the process does not end once you sign the Offer to Purchase (OTP). Buyers should be prepared for a waiting period before the property can officially be transferred into their name.
read more
Everything you need to know about your credit score
Buyers
Everything you need to know about your credit score
21 Nov 2024
When buying a home in Namibia, your credit score is your most powerful tool. This three-digit number doesn’t just influence whether you qualify for a home loan—it can also determine how much you can borrow and the interest rate you’ll secure. Understanding how your credit score works, why it matters, and how to improve it can put you on the path to successful homeownership.
read more
How to negotiate as first-time home buyer
Market
How to negotiate as first-time home buyer
13 Nov 2024
Embarking on the journey to homeownership is exhilarating, but it also brings challenges—especially when it comes to negotiation. Securing the best deal on your dream home requires strategy, patience, and preparation.
read more
Real Estate Tools
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments
Residential
House
Townhouse
Apartment, Penthouse
Retirement Village
Vacant Land
Agricultural
Farm
Small Holding
Vacant Land
Commercial
Office, Retail, Mixed Use
Industrial
Vacant Land
Hospitality