Personal Loans from Nedbank

Overview

Personal Loans from Nedbank are flexible financial solutions designed to improve the lives of South Africans in need of finance. Ideal for making improvements to your home, financing a special occasion or paying for studies, these loans are simple to access.  

With a straightforward application process, personal loans from Nedbank provide clients with convenient solutions to their most pressing financial needs.

It’s advisable to use the handy Personal Loan Payment Calculator provided by Nedbank. This will help you calculate whether you will be able to afford the loan repayments throughout the tenure or not. This tool is ideal for guiding you in terms of what you are likely to be repaying and based on your income and expenses, what you can realistically afford.

What you get from Personal Loans from Nedbank:

• Loan amounts offered range from R1000 to R200 000.
• Flexible repayment periods are offered from 12 to 60 months.
• Cash is deposited directly into your bank account as soon as you are approved.
• A debit order repayment plan can be arranged to ensure that you don’t miss any payments and that you pay on time.

Nedbank is an authorised financial services provider that is compliant with the National Credit Act so you can rest assured that all their processes are legal and fair. Nedbank endorses responsible lending processes so it will only lend to you if you can truly afford it. The bank won’t contribute towards you becoming over-indebted.

What are the qualifying criteria? 

• Be permanently employed
• Earn a salary of at least R2000 per month
• Have a salary that is deposited into your bank account electronically
• Provide a valid South African ID
• Provide your latest payslip
• Provide your latest 3 months’ bank statement
• Provide proof of residence

All loan applications are subject to find credit approval

It’s compulsory to have loan protection cover in the event of death, disability, critical illness and retrenchment.

For more about Personal Loans from Nedbank, call: 0860 103 582

Visit www.nedbank.co.za