WINDHOEK – The start of 2026 marks a turning point for thousands of Namibians as the Government Institutions Pension Fund (GIPF) officially rolls out its Pension-Backed Home Loan Scheme (PBHLS). This initiative is designed to turn your years of service into immediate stability, allowing you to use your retirement savings as the key to securing a home today.

How the Pension-Backed Loan Works for You

The core benefit of this scheme is the removal of traditional barriers to entry. By using your pension as a guarantee, the GIPF is making it easier for public servants to enter the property market without the typical financial strain.

  • No Cash Deposit Required: Under this scheme, your pension credit—up to 33.33% of your withdrawal benefit—acts as the collateral. This means you don't need to save for years to provide a massive cash deposit to a bank.

  • Access for All Areas: In a significant shift, these loans are available for properties in both proclaimed urban areas and unproclaimed rural land. Whether you want a townhouse in Windhoek or to build a modern homestead in your village, your pension can back your dream.

  • Versatile Use of Funds: The loan isn't just for new buyers. You can use a pension-backed loan to build from scratch, renovate or extend your current house, or buy land (erven) to develop later.

  • Redeem Existing Debt: If you already have a high-interest home loan with a commercial bank, you can use this scheme to transfer and settle that debt, often resulting in lower monthly commitments and better financial breathing room.

A Secure and Sustainable Path

Managed by Kuleni Financial Services and First Capital, the scheme is built with your future in mind. The loans are structured to be fully repaid by the time you reach retirement age. This ensures that when you stop working, you don't just have a pension—you have a fully owned, debt-free home for your family.

Find Your Perfect Property with Rightmove Properties Windhoek

The financing is now accessible; the next step is finding the right place to call home. Rightmove Properties Windhoek is ready to help GIPF members navigate this new opportunity. Our team has a deep understanding of the Windhoek market and can identify homes and erven that perfectly align with your pension-backed financing.

Don't let your retirement benefits sit idle—use them to build your legacy now.

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