A Nedbank PERSONAL LOAN is simply designed to relieve the financial stresses of modern life, whatever they may be. The money is yours to do with as you wish.
- Access a personal loan from R 1000 to R 120 000 in cash, deposited into your salary account - you don't even need a Nedbank account
- Flexible repayment periods - from 24 to 36, 48 or 60 months, debited directly from your bank account
- Very straightforward and simple application process
We are committed to responsible lending - you will only qualify for a loan once we have assessed that you can comfortably meet all your financial commitments.
To qualify, you need
- To be permanently employed (by the same employer) for at least three consecutive months. Weekly earners need to be employed (by the same employer) for at least 12 consecutive months
- Your most recent payslip(s) for one month
- To earn a net salary of at least R1 200 a month, electronically deposited into your bank account. Commission or overtime earners need to have a basic greater than R1 200
- Your latest bank statement, reflecting one month's salary deposit(s)
- Your South African green bar-coded ID
- Proof of residence for Financial Intelligence Centre Act (FICA) purposes (i.e. electricity, telephone or rates bill)
* All loan applications are subject to final credit approval, fund rules and terms and conditions, including certain income source criteria.
Apply online at www.nedbank.co.za
Nedbank Ltd Reg No 1951/000009/06. We subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. We are an authorised financial services provider. We are a registered credit provider in terms of the National Credit Act (NCR Reg No NCRCP16).