Financial reforms in South Africa have led to a sharp increment in the number of banks. This has led to increased competition between banks and other financial intermediaries. Despite these circumstances, Nedbank has continued to surge forward by providing Financial reforms in South Africa which have led to a sharp increment in the number of banks. This has led to increased competition between banks and other financial intermediaries. Despite these circumstances, Nedbank has continued to surge forward by providing its clients with personalised, unique and savvy banking options. A registered credit provider with the National Credit Act, Nedbank subscribes to the policies set out by this Act in its lending activities.
Nedbank Loan options are made available to individuals who will be able to comfortably afford repayments. Prior to lending, a thorough risk assessment is conducted. Nedbank loans are designed to suit clients’ income and individual needs and are facilitated by a straightforward application process. Applicants are offered loans in the region of R1000 to R120 000, over flexible repayment periods of 12, 24, 36, 48 or 60 months. Upon qualification, the loan amount is deposited directly into the client’s salary account.
Documentation required for application includes a South African identity document, the most recent payslip(s) for one month or a remittance advice, or an invoice for contact workers. The latest bank statement reflecting one months’ salary deposit(s) need to be presented. These need to be accompanied by proof of residence for FICA purposes. For clients’ peace of mind in the case of unexpected events such as critical illness, disability, retrenchment or even death, Nedbank Loans include a credit life insurance offer. This facility settles clients’ outstanding loan amounts, less arrears in such instances.
For a quality loan solution, call Nedbank on: 0860 103 582 or apply in-branch.