Common Malpractices

Together, let’s build a fair and more transparent financial landscape in Namibia.At NAMFISA, we are committed to safeguarding consumers from harmful practices within the financial sector. This page highlights common malpractices that can undermine your rights and financial security, such as overcharging interest, misrepresentation, and unfair treatment by financial service providers.

By understanding these issues, you can make informed decisions, assert your rights, and hold institutions accountable.
Blank Contracts

Consumers sign incomplete documents, risking unknown obligations.

Hidden Details

Key information is withheld, leaving consumers uninformed.

Excessive Interest

Unfairly high interest rates burden borrowers.

Card Surrender

Forcing customers to hand over ATM cards and PINs, compromising security.

Product Mis-selling

Selling unsuitable products through deception or pressure.

Unpaid Pension

Employers fail to deposit funds into employees’ pension accounts.

False Advertising

Advertisements that mislead or deceive consumers.

wpChatIcon
wpChatIcon
Skip to content