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Applicants must be Namibian citizens and permanently employed to qualify for participation in the HOSSM.
The application allows for various loan types, including purchasing a dwelling, building a new home, or consolidating existing loans.
If either the applicant or their spouse has previously participated in the HOSSM more than once, they may be disqualified from further participation.
Applicants must provide supporting documents such as proof of employment, property registration, and financial statements.
The application must be approved by the Permanent Secretary after verification of all provided information and compliance with requirements.
Loan repayments will be deducted directly from the applicant's salary to ensure timely payments and avoid arrears.
Eligible staff members can receive subsidies on interest rates as part of their participation in the HOSSM, reducing overall loan costs.