Rating based on 5 reviews


  • Competitive Home Loans
  • Low-interest starting from 3%
  • Repayment up to 25 years

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Author Nedbank. Screenshot of Nedbank website.
[Accessed May 11, 2023]

About Nedbank

Nedbank’s purpose is to use its financial proficiency to help families, people, society, and businesses progress.

Their plan is to continue being highly regarded and considered the greatest financial services provider in Africa by their consumers, employees, shareholders, and communities.

Nedbank’s vision statement

Nedbank aims to leave a lasting legacy through its enterprise in South Africa while extending its services to other countries in Africa.

They intend to strategically focus on key concepts that offer better awareness of their advancement and perspective

Nedbank is well-received by its stakeholders, and they’ve achieved this by investing in its employees. They believe that their employees are the link to retention and attraction of clients, who also bring in profits for shareholders.

As a green bank, they’re influential and champion all matters that affect communities, such as the Nedbank Green Affinity which allows clients to contribute and save the environment.

Nedbank’s values

  • Respect - Nedbank understands the significance of every person and treats all its consumers with respect.
  • Integrity - They’re sincere, consistent, and ethical in all business deeds.
  • Accountability - They’re accountable for every action and decision.
  • People-focused - Their biggest investment is in their people, and they’ve designed an atmosphere that transforms and gives them the authority to triumph.
  • Client-driven - bringing into existence quality and amazing experiences for their clients that surpass their expectations.

Nedbank’s market

Nedbank’s main market is South Africa; however, they’re experiencing exceptional growth in the outskirts of Africa. They’re currently operating in five countries outside of South Africa. They also have a strong presence and a plethora of prestigious clients in London, the Isle of Man and Guernsey.

Nedbank Services

Are you currently thinking of buying a home? If yes, then Nedbank can lend a hand and walk you through this next big chapter of your life.

There are a few things you need to consider when you’re contemplating or searching for the best property and when making the deal official.

Components that are essential:

  • Nedbank offers competitive home loans. They’ll finance your property value up to 100%, even if it goes up to 105% as a first-time property buyer. You'll be awarded a 50% special discount on all your lawyer fees, meaning you must pay only 50% towards your bond registration fee.
  • When you apply online, on the money app or through their call centre you’re guaranteed R20,000 cash back on the value of your home loan.
  • If you bank with Nedbank, you’ll be offered special interest rates, if you don’t bank with Nedbank, you'll have the option of switching to access this rate.
  • It doesn’t matter whether you’re a first-time home buyer or thinking about investing in property. There are some essential things you need to be aware of before making that decision.

Are you thinking of buying a property?

Purchasing property shouldn’t be based solely on when you have the means to buy it. Keep in mind the following:

  1. Know more about your credit score and how it can influence whether you get a loan.
  2. Do some investigation on a repo rate and check to see how much it affects your purchase.
  3. Manage your current debt.
  4. Joint buying.
  5. The cost of a property you can afford.

When is the best time to invest or purchase a property?

  • There are many things to take into consideration when you’re contemplating buying or purchasing a property.
  • Check to see the current prime rate and remember to ask your lender what their starting rates are.
  • Is it a seller's or buyers' market? Can you negotiate the price?
  • Are you buying in peak season?
  • Is it possible for you to get assistance from cleaners, painters, and movers?
  • How long can you stay where you currently live?

Nedbank – Home Loan

  • Loan Type Home Loans
  • Interest Rate 318% p/a
  • Repayment 5 years to 25 years

Benefits of Nedbank

  • Online pre-approval
  • Quick loan applications
  • Competitive interest rates
  • Affordable repayment terms

Get more familiar with the process of purchasing property

Buying a home can be a complex process filled with various processes, formalities, costs, and timeframes.

Nedbank’s impressive strategy

Nedbank has three specific strategies that they’re focusing on.

  1. Growth - They’ve adopted a strategy of continuously focusing on their strengths while capitalising on key areas that keep them on a winning streak.
  2. Productivity - To improve their productivity and speed, they’ve made some improvements to continue with the structure they’ve developed while using digital platforms to offer their customers the best service.
  3. Risk and capital management -Their top-notch risk and capital management abilities help to ensure there’s a balance between the high risk and reward in the form of turnover.

What you need to learn before you apply

  • How the registration of the bond will take place
  • How much the transfer will cost and what fees you’ll pay to your bond attorneys
  • How long it will take to register the bond and transfer ownership
  • What’s the ideal time to begin preparing for your move?

List of requirements for applying for a home loan

  • Are you South African and over the age of 18?
  • Do you have a sole or joint salary of at least, R2500 every month?
  • Are you currently employed, self-employed, or on a fixed or permanent contract?
  • Are you aware of your credit score? Is it good or bad?

What documents do you need to apply?

  • A valid South African ID or passport (both needed if it’s a joint application)
  • Most recent 3 months' payslip or any other proof of income (both needed if it’s a joint application)
  • Most recent 3 months' bank statement (both needed if it’s a joint application)
  • A copy of the purchase or sale agreement with your signature

Choose the best method to apply that suits you

Depending on the method you choose to apply with, you stand a chance to be offered additional perks. If you decide to go through with the online loan application, through their contact centre, visiting their branch or applying via the app, you could be eligible for around R20,000 cashback and have your bond registration fee cut down by up to 50%.

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Nedbank is a trusted & reliable provider of home loans

In our review, Nedbank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Nedbank is a registered credit provider in South Africa: NCRCP16

Nedbank Contact

Physical Address

  • 135 Rivonia Rd, I Block, 2nd Floor, Nedbank Building Sandton Gauteng 2196 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed