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  • Personal Loans up to R300,000
  • Low-interest up to 28.75%
  • Repayment up to 60 months

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Nedbank homepage
Author Nedbank. Screenshot of Nedbank website.
[Accessed May 5, 2023]

About Nedbank

Nedbank’s roots can be traced back to the early 19th century in 1831 with the establishment of the Cape of Good Hope Bank. The Nedbank Group was ultimately formed in 2003.

As of 31 December 2021, Nedbank is proud to report that they’ve employed more than 27,303 staff members. The total number of branches is 618 with a total of 4,453 ATMs. Through innovative technology and tremendous growth over the years, they now boast 7,1 million clients of which 2,3 million are digitally active.

Nedbank strives for sustainability

Sustainability is the most important aspect of a business. To operate in a manner that is beneficial to the financial and environmental future of clients and the community is of high priority to Nedbank.

They have several guides they work from:

  • Nedbank Water Savings Guide
  • The Energy Efficiency Guide
  • Nedbank Smart Living Guide
  • Biodiversity Guide
  • Carbon Footprinting Guide
  • SANS Guidelines
  • Nedbank Foodsaver’s Guide
  • The WWF Nedbank Green Trust – 25 years of foresight

The Nedbank sponsorships

Nedbank has created a strong business presence through the various sponsorships they grant. They’ve earned a good reputation for being a leader in the sponsorship market. Some of their sponsorships include:

  • Golf
  • Soccer
  • Road Running
  • Runified – It’s a movement
  • Cycling
  • Wine industry
  • IMC conference

Nedbank believes in protecting its customers

Nedbank is serious about protecting its clients. They believe in treating each client fairly and doing everything possible to protect their personal information. They make use of cyber resilience to strike back at cybercrime with innovative and up-to-date technology.

Nedbank Services

By upholding their core values and strict business ethics that were set out during Nedbank’s establishment, they strive daily to deliver individual and outstanding customer service to each client.

Nedbank’s vast range of products and services

Nedbank is a comprehensive financial institution that caters to all your financial needs in one place. Everything from personal finance to Investments and corporate banking, they are your one-stop shop.

In the personal banking category, you’ll find services like:

  • Accounts
  • Personal loans
  • Credit cards
  • Home loans
  • Save and invest

Reach your financial goals

The Nedbank personal loan can give you access to between R2,000 and R300,000. Interest rates are tailored to your need and you can enjoy a repayment term of between 6 and 72 months.

When you apply for a personal loan from Nedbank you can expect to pay the following fees and interest rates:

  • A monthly service fee of R69.00
  • An annual maximum interest rate of 26.50%
  • A once-off initiation fee of R1,207.50
  • Maximum annual percentage rate of 31.17%

Personal loan calculator

To manage your money well, being able to stick with a budget is important. Nedbank has made this possible by giving you access to a loan calculator. You’re able to calculate how much you can afford and see what you’ll be repaying.

You can choose any amount between R2,000 and R300,000 and indicate with the slider the preferred repayment term. On the right, you’ll see an approximate breakdown of your monthly instalment, chosen interest rate, and the total repayment amount.

Nedbank – Personal Loan

  • Loan Type Personal Loans
  • Interest Rate 28.75%
  • Loan Amount up to R300,000
  • Repayment 6 months to 60 months

Benefits of Nedbank

  • Affordable repayment terms
  • Convenient online loan application
  • Low interest rates

Personal Loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Your guide to getting a Nedbank personal loan

Though the primary market for Nedbank is South Africa, they are expanding continually and boast a presence on the African continent.

Apart from its operations on the African continent, Nedbank has representative offices around the world.

Getting a personal loan from Nedbank is convenient, safe, and easy. The application can be completed online.

To apply you need to comply with the qualifying criterion:

  • Be a South African resident
  • Be 18 to 65 years old
  • Earn a monthly income of at least R3,500
  • Your salary must get paid directly to your bank account

What you’ll need to apply

If you comply with all the above-mentioned criteria, make sure you have the following documentation on hand to submit with your application:

  • A South African ID document/smartcard
  • A recent payslip
  • Your 3 latest bank statements, stamped by your bank

Different ways to obtain a Nedbank personal loan

Nedbank is all about convenience. By using innovative and up-to-date technology, they’ve made it possible for you to apply in a number of different ways, namely:

  • Call back option – You can leave your name and number on the website and request a consultant from Nedbank to phone you back.
  • Apply online – Going online to the Nedbank website will allow you to complete an online application.
  • Nedbank Money app – If you are a Nedbank client, you can apply for your personal loan directly from the Money app.
  • Online Banking – Customers of Nedbank that use online banking can apply for a loan by logging into their profile and completing the loan application online.

3-Step application process

  1. If you comply with the criterion and have all the required documents you can click on the apply now button to complete the online application form.
  2. Nedbank does the necessary checks on your credit score and affordability and makes an offer based on your financial position.
  3. If you're satisfied with and accept the offer, Nedbank will request the necessary documents to finalise your loan and pay the money into your account.

Reasons to get a personal loan from Nedbank

  • Honest and transparent
  • Responsible lender
  • Competitive interest rates
  • Loan calculator
  • Convenience

Reach your financial goals with a Nedbank personal loan

A personal loan can change your financial situation in many ways. Whether you want to pay off your debt, buy a new car, or do some long overdue renovations at home, a personal loan can make that happen.

Enjoy financial freedom today and reach your financial goals with a Nedbank personal loan.

man holding thumbs up

Nedbank is a trusted & reliable provider of personal 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

  • Cnr Rivonia Rd & Maude St Shop L05, Block I Lower Ground Sandown Sandton 2196 South Africa
  • Get Directions

Opening Hours

  • Monday 08:30 – 16:00
  • Tuesday 08:30 – 16:00
  • Wednesday 08:30 – 16:00
  • Thursday 08:30 – 16:00
  • Friday 08:30 – 16:00
  • Saturday 08:30 – 13:00
  • Sunday – Closed