Staff Reporter<\/p>\n\n\n\n
AGRIBANK has begun implementing its Arrears Relief Programme from 2 February 2026, offering struggling clients relief on overdue loan accounts through the write-off of penalty interest and structured repayment plans, while strengthening the bank\u2019s loan recovery efforts.<\/p>\n\n\n\n
The programme, launched in September 2025, targets Agribank clients whose accounts are in pre-legal or legal status and aims to support borrowers who have fallen behind on repayments through an incentivised and supportive approach.<\/p>\n\n\n\n
Eligible clients will benefit from a 100% write-off of penalty interest, subject to conditions. Clients in pre-legal status are required to pay at least 20% of their arrear balance, excluding penalty interest, while those in legal status must pay at least 25% of their arrears. Additional incentives include de-listing from credit bureaus where applicable, access to voluntary advisory services tailored to client needs, and, where suitable, opportunities for project publicity and marketing support.<\/p>\n\n\n\n
Once the required portion of arrears has been paid, the remaining balance will be ring-fenced, with no further interest charged on that amount. The ring-fenced balance may be repaid over a period of up to 60 months through equal monthly, quarterly or bi-annual instalments. Clients will be required to sign an addendum to their loan agreements to formalise the arrangement, while cases already before court will be formalised through an Order of Court. Borrowers must, however, continue to service all new and ongoing instalments as they fall due.<\/p>\n\n\n\n
Agribank warned that failure to honour the agreed repayment arrangement will result in the reinstatement of penalty interest and the continuation of recovery processes. Defaulting on any other loan obligations may also lead to the withdrawal of relief benefits. Relief under the programme is granted once per client, unless otherwise revised.<\/p>\n\n\n\n
The application window for the Arrears Relief Programme runs for six months, from 2 February to 31 August 2026. Interested clients are encouraged to visit their nearest Agribank offices to apply within this period.<\/p>\n\n\n\n
Beyond the arrears relief initiative, Agribank said it continues to support farmers facing challenges such as drought through climate-responsive financing products, advisory services to improve productivity, and collaboration with government and other stakeholders on relief measures. The bank said these efforts are aimed at sustaining farmers during difficult periods while safeguarding the sustainability of its loan book.<\/p>\n\n\n\n
The programme was announced by Agribank Chief Executive Officer Dr Raphael Karuaihe.<\/p>\n\n\n\n
Photo: Agricultural Bank of Namibia<\/p>\n","protected":false},"excerpt":{"rendered":"
Staff Reporter AGRIBANK has begun implementing its Arrears Relief Programme from 2 February 2026, offering struggling clients relief on overdue loan accounts through the write-off of penalty interest and structured repayment plans, while strengthening the bank\u2019s loan recovery efforts. The programme, launched in September 2025, targets Agribank clients whose accounts are in pre-legal or legal …<\/p>\n","protected":false},"author":10,"featured_media":388937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-388936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"\n