Frequently Asked Questions
Do I need to visit the office?
Yes, in Windhoek. If outside Windhoek, you can sign via email.
How long does approval take?
24 hours if all documents are provided.
How long before I receive my loan?
Within 24 hours of signing the agreement.
How do I repay my loan?
Debit order, EFT, or cash.
What happens if I miss a payment?
A penalty of 5% per month applies, and legal action may be taken.
Is Waveflex a registered member of Namfisa?
Yes, we are registered with Namfisa
Payday Loan
- Interest Rate: 30%
- Repayment Term: 1 installment
- Best For: Salary advances, emergency medical bills, urgent expenses
- Loan Amount Range: N$1 000 - N$10 000
- Approval Time: Within 24 hours
- Disbursement: EFT within 24 hours after signing agreement
- Repayment Methods: Debit order, EFT, or cash
Revolving Credit
- Interest Rate: 25%
- Repayment Term: 3 - 5 cycles/revolves
- Best For: Ongoing cash flow needs, business support, recurring expenses
- Loan Amount Range: N$1 000 - N$10 000
- Approval Time: Within 24 hours
- Disbursement: EFT within 24 hours after signing agreement
- Repayment Methods: Debit order, EFT, or cash
2–3 Month Loan
- Interest Rate: 30%
- Repayment Term: 2 months = 2 installments, 3 months = 3 installments
- Best For: Flexible short-term needs, project-based costs, bridging finance
- Loan Amount Range: N$1 000 - N$10 000
- Approval Time: Within 24 hours
- Disbursement: EFT within 24 hours after signing agreement
- Repayment Methods: Debit order, EFT, or cash