Nedbank has decades of experience within the South African banking industry. In addition to providing a range of transactional services, the institution also provides extensive credit services in the form of credit cards and loan solutions. 

Personal loans are useful for paying for unexpected expenses such as education costs, medical expenses or car repairs. With Nedbank Personal Loans, you get access from R1000 up to R120 000 of cash, which is deposited directly into your bank account upon approval. Flexible repayment periods of 12, 24, 26 48 to 60 months are provides.

Here’s what you’ll need to apply:

You most recent payslip(s) for one month or your remittance advice/invoice if you are a contract worker.

Your latest bank statement that reflects one month’s salary deposit(s)

Your valid South African identity document

Proof of residence

Qualification requirements:

You’ll need to be permanently employed or employed under a contract (not self-employed)

You must earn a salary of R2000 minimum per month

Your salary must be electronically deposited into your bank account

Nedbank is an authorised financial services provider and believes in responsible lending practices. The banking institution makes it a point to provide transparent services and to make it easy for clients to understand the loan agreement terms thoroughly. Nedbank will also never provide a loan amount that is too high for an individual to afford comfortably.

To apply, you can visit you nearest Nedbank branch with all relevant documents or call 0860 103 582. Alternatively, you can apply online and a friendly Nedbank consultant will call you back.