Loans

Nedbank Personal Loan: find out how to apply!

Discover the basic requirements to apply for a personal loan from Nedbank. Earn R200 cash back monthly with this lender. Understand how!

Advertisement

Nedbank Personal Loan: get up to R300,000 for several purposes

Nedbank logo
Nedbank Personal Loan: find out how to apply! Source: Foster the Money

Apply for Nedbank Personal Loan and borrow up to R300,000. Also, count on cashback of R200 with each monthly payment and no late or advance fees.

card

Personal Loan

Nedbank

Online Fast Funding

R200 monthly cashback after payments! Flexible repayment terms.

You will be redirected to another website

Below, understand how you can request this service without leaving home! We’ve made the application process simple for you! Then check it out!

Online application

Firstly, visit the company’s official website to apply for a Nedbank personal loan. Select the options “borrow” and “personal loan” in the main menu.

Then press the “Get Start” button to access the request form. In addition to filling out this form, you will need to submit the following documents:

  • South African identity card or document (valid);
  • Most recent paycheck or letter from your employer;
  • Proof of pension payment (for retirees);
  • 3 most recent bank statements.

What are the requirements?

Enjoying Evening at Home
Find out the Nedbank Personal Loan requirements. Source: FreePik

As you might know, applicants must meet eligibility criteria to qualify for this lender. So check below the basic requirements to apply for a Nedbank personal loan:

  • Being South African;
  • Be between 18 and 65 years old;
  • Minimum monthly income of R3,500 received in your bank account;
  • Be self-employed, have a steady job, or be a pensioner.

Your credit score and history will also be evaluated to issue a final response to your submission.

Apply on the app

You can also register via the mobile app on your smartphone or tablet. So download the “Nedbank Money” application for free.

Then, go to the “Products Offered” menu on the home tab and scroll down to “Apply for Loan or Credit”.

Further, press the right arrow on the “Personal Loans” option. Then you can select two options:

Apply online

Here, you will be directed to answer an online questionnaire and submit documents if requested.

Thus, the application process is the same as on the official website of that bank.

Call me back

Select this option if you want to receive a call from a Nedbank bank agent.

Simply provide your telephone number, name, and identification number to request this service.

Finally, press the “submit” button. You will receive a call as soon as possible, and you can apply for a loan.

Compare the Nedbank Personal Loan to other options: ABSA Personal Loan

Indeed, in the following table, you will see a comparison between the loan services of the largest banks in the country.

Therefore, consult it before deciding whether to apply for Nedbank Personal Loan!

Nedbank Personal LoanABSA Personal Loan
Interest Rate From 10.75% to 28.25%;A minimum of 13.75% per annum;
Loan PurposeDebt consolidation (with extra cash optional), purchases of second-hand cars, and improvements in your home;Personal loan, express loan, instant loan, ABSA home loan, building home loan, loyalty home loan, beat load shedding, for a car and study loan;
Loan AmountsFrom R2,000 to R300,000;Up to R350.000;
Credit NeededNot specified;600 or better;
Repayment TermFrom 6 to 72 months (6 years);Personal loan: over 12 months to 84 months; Smaller personal loan: over 2 to 6 months;
Initiation FeeFrom R304.75 to R1,207.50 (variable according to loan amount).Loan up to R250: R25 fixed rate; Between R250 and R10,000: a fee of approximately 10% on the loan amount; Above R10,000: a fixed fee of R1,207.50.

Does ABSA Personal Loan seem like a better option? To be sure of your first impression, access the full review in the following post!

ABSA logo

Absa Personal Loan: find out how to apply!

Apply for ABSA Personal Loan and enjoy the best interest rate on the market and the longest repayment period. Find out how here!

Trending Topics

content

Absa British Airways Visa Credit Card: check out how to apply!

Apply to Absa British Airways Visa credit card and gain access to an excellent frequent flyer program and access to exclusive airport spaces!

Keep Reading
content

Iemas Purchase Debit Card full review: should you get it?

Apply to Iemas Purchase Debit Card and understand how simple it is to have up to 3.5% cashback in more than 12,000 stores.

Keep Reading
content

Blink Finance Personal Loan: find out how to apply!

Learn how to apply to Blink Finance Personal Loan and get a great loan even with a bad credit score! Borrow up to R8,000 fast!

Keep Reading

You may also like

content

Nedbank American Express Gold Credit Card: check out how to apply!

Apply to Nedbank American Express Gold Credit Card and get 50% off services, products, and free airline tickets! Read on and learn more!

Keep Reading
content

Capitec Credit Card: check out how to apply!

Apply for the Capitec Credit Card which has excellent advantages: rewards, high credit limit, low fees, and much more. Read on to apply!

Keep Reading
content

Discovery Bank Gold Card: check out how to apply!

Apply to Discovery Bank Gold Card and earn miles to travel the world with discounts of up to 35% on airline tickets. Learn more!

Keep Reading