Nedbank – loan application

5.0 / 5  (505 reviews)
Maximum amount R250,000
Interest from 27.50%
Term 6 – 72 months
Your money in 24 hours
Apply on official Nedbank website ad

Application does not commit you to a loan agreement. Loan is approved by Nedbank according to their terms.

Screenshot of https://www.nedbank.co.za/, operated by: Nedbank Ltd, used under legitimate licence.

Nedbank screenshot

Contact

Company Nedbank Ltd
Address 135 Rivonia Rd, Sandown, Sandton, 2031

Nedbank – repayment table

Estimated monthly repayments at 27.50% monthly interest. Actual terms confirmed upon approval.

Amount \ Term 6 months 12 months 18 months 24 months
R100,000 R44,167 R35,833 R33,056 R31,667
R200,000 R88,333 R71,667 R66,111 R63,333

Representative example

Loan amount R126,000
Repayment term 12 months
Monthly interest 27.50%
Monthly repayment R45,150
Total interest costs R415,800
Total amount payable R541,800

* Example is for illustration only. Actual terms are confirmed upon loan approval.

Quick overview

Loan amount R2K – R250K
Term 6 – 72 months
Interest from 27.50%
Approval 24 hours
Age 24 hours
Online application Yes

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