Nedbank – online loan South Africa
Online loans up to R250.000
Amount
R2K – R250K
Interest from
27.50%
Term
6 – 72 months
Approval
24 hours
Applying does not commit you to a loan agreement.
Screenshot of https://www.nedbank.co.za/
How to apply for Nedbank loan
- Complete short online application form
- Get a decision
Quick overview
- Amount, R2.000 - R250.000
- Term, 6 - 72 months
- Age: 18 + years
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R2.000 | R877 | R2.877 | 6 months |
| R5.000 | R1.911 | R6.911 | 12 months |
| R50.000 | R51.177 | R101.177 | 60 months |
Loan example
Loan amount of R50 000 borrowed over 60 months. Annual maximum interest rate: 27.50%. Initiation fee: R1 207.50. Monthly admin fee: R69. Max APR: 32.21%. Total amount payable: R101 177
Video review
Loan requirements
- ✓ You must be employed under a permanent or fixed-term contract and not self-employed
- ✓ You must earn at least R3 500 per month, paid electronically into your bank account
- ✓ Your valid barcoded South African identity document or smart card ID
- ✓ Your most recent payslip(s) for one month or your letter of employment if you are a contract worker
- ✓ Your stamped bank statements for the last 3 months (reflecting your salary). If you bank with Nedbank, ABSA or Standard Bank, we will be able to arrange this on your behalf
- ✓ Your proof of residence (not older than three months), such as a utility bill or any statement of account that has your name and physical address on it
Loan features
- Online loans up to R250.000
- Term 6 - 72 months
- Fast online application
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Nedbank is R2,000.