Nedbank – loan application
Screenshot of https://www.nedbank.co.za/, operated by: Nedbank Ltd, used under legitimate licence.
Contact
Company
Nedbank Ltd
Address
135 Rivonia Rd, Sandown, Sandton, 2031
Website
https://www.nedbank.co.za/
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
Ready to apply?
Go to official Nedbank website ad