WesBank Vehicle and Asset Finance Financing Power
WesBank Vehicle and Asset Finance, a business unit of FNB Namibia, is taking a leading role in living up to the How can we help you? corporate philosophy by supporting the looming national energy crises in Namibia: WesBank is offering FNB customers as well as the general public, financing for alternative energy solutions.
Elmarie Cilliers, Head of WesBank, says that her business unit understands the need for reliable energy sources, be it at home, on a farm, a business, small-and-medium enterprise or even oiling companies.
“That’s why WesBank is ready to finance solar panels and generators to manage unexpected power outages, which can pose serious challenges to the growth of the Namibian economy,” she says. Cilliers said that employees of WesBank branches in Windhoek and Walvis Bay, supported by any FNB branch countrywide, are on standby to assist FNB customers and the general public with applications to invest in alternative energy solutions.
She cautioned that fears of crippling power outages in Namibia have set in following Eskom, South Africa’s power utility’s announcement in January that it would halt its power exports to Namibia, Botswana and Zimbabwe because of its inability to meet the growing demand in South Africa.
NamPower warned of forced load shedding and time-of-use tariffs for electricity usage at peak times, urging Namibians to save up to 20 percent of their electricity usage whether they are private households, municipalities or large consumers like mining companies etc. Load shedding is carried out when electricity to some customers or areas is cut for several hours in order to satisfy peak demands in other areas. In Namibia this will be done in synchronisation with Eskom.
President Hifikepunye Pohamba also lent his voice to the call to turn to renewable energies, encouraging Namibians to make use of solar power technology to provide sustainable power for homes, schools and businesses.
“Amid a looming electricity shortage, the use and advantage of renewable energies is gaining momentum in Namibia. It is against this background that we at WesBank, continuously strive to ensure that we provide financing from a home and business owner to a farmer – the best possible finance options and services when Namibians need it most.
This is all about the How can we help you? business approach of FNB,” Cilliers stated. She advised that “whether the customers opt for solar energy or a generator, WesBank offers various financing options varying from an instalment sale to lease or rental agreements”.
Cilliers added that interest rates are negotiable and can either be fixed for the full period of the agreement or be variable. “This means that the interest rate applicable to the agreement will fluctuate with the prime overdraft rate,” she said. While WesBank has branches in Windhoek and Walvis Bay, financing can also be arranged through any of the 32 FNB branches making financing available to all Namibians.
Potential customers can also be assisted with a list of solar dealers and installation companies, as well as generator dealers to further put them on their way in embracing renewable energies and overcoming possible power outages. Should a longer loan term be required, she said that there is always the option of an FNB Re-Advance or Further Bond from FNB’s Home Loans. For more information, contact your nearest FNB branch, or call (061) 299 2523.
Elmarie Cilliers, Head of WesBank, says that her business unit understands the need for reliable energy sources, be it at home, on a farm, a business, small-and-medium enterprise or even oiling companies.
“That’s why WesBank is ready to finance solar panels and generators to manage unexpected power outages, which can pose serious challenges to the growth of the Namibian economy,” she says. Cilliers said that employees of WesBank branches in Windhoek and Walvis Bay, supported by any FNB branch countrywide, are on standby to assist FNB customers and the general public with applications to invest in alternative energy solutions.
She cautioned that fears of crippling power outages in Namibia have set in following Eskom, South Africa’s power utility’s announcement in January that it would halt its power exports to Namibia, Botswana and Zimbabwe because of its inability to meet the growing demand in South Africa.
NamPower warned of forced load shedding and time-of-use tariffs for electricity usage at peak times, urging Namibians to save up to 20 percent of their electricity usage whether they are private households, municipalities or large consumers like mining companies etc. Load shedding is carried out when electricity to some customers or areas is cut for several hours in order to satisfy peak demands in other areas. In Namibia this will be done in synchronisation with Eskom.
President Hifikepunye Pohamba also lent his voice to the call to turn to renewable energies, encouraging Namibians to make use of solar power technology to provide sustainable power for homes, schools and businesses.
“Amid a looming electricity shortage, the use and advantage of renewable energies is gaining momentum in Namibia. It is against this background that we at WesBank, continuously strive to ensure that we provide financing from a home and business owner to a farmer – the best possible finance options and services when Namibians need it most.
This is all about the How can we help you? business approach of FNB,” Cilliers stated. She advised that “whether the customers opt for solar energy or a generator, WesBank offers various financing options varying from an instalment sale to lease or rental agreements”.
Cilliers added that interest rates are negotiable and can either be fixed for the full period of the agreement or be variable. “This means that the interest rate applicable to the agreement will fluctuate with the prime overdraft rate,” she said. While WesBank has branches in Windhoek and Walvis Bay, financing can also be arranged through any of the 32 FNB branches making financing available to all Namibians.
Potential customers can also be assisted with a list of solar dealers and installation companies, as well as generator dealers to further put them on their way in embracing renewable energies and overcoming possible power outages. Should a longer loan term be required, she said that there is always the option of an FNB Re-Advance or Further Bond from FNB’s Home Loans. For more information, contact your nearest FNB branch, or call (061) 299 2523.
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