Rating based on 10 reviews


  • Short-term Loans up to R6,000
  • Personalised Loan Offer
  • Zero-interest Loan

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

About Nedbank

Nedbank is a financial service provider that specialises in providing banking services, various loan options and investment opportunities.

The bank was founded in 1888 in Amsterdam as Dutch Bank and Credit Union for South Africa, making it a trustworthy financial institution for over 130 years.

Nedbank’s headquarters are in Santon, and they provide jobs to over 30,000 people in South Africa. Their mission is to be an exceptional bank that can provide personalised results to high-value, sustainable, and profitable segments of the market.

Nedbank’s core values

  • Integrity - they pride themselves in being open and honest with their clients.
  • Respect - they believe every person should be treated fairly and with dignity.
  • Accountability - they’re known to be reliable, trustworthy and committed to taking responsibility for their actions.
  • Client-driven - they’re determined to fulfill their clients’ expectations and deliver remarkable service.
  • People-centred - they care for their people and strive to provide a productive and educational environment by offering coaching, mentoring and support to all staff members.

Why should you choose Nedbank?

  • Provides exceptional guidance and support when you require it most - and even when you don’t!
  • Takes your budget and other financial needs into account and provides an affordable option that’ll accommodate you best.
  • Offers an interest rate that is competitive based on your spending; giving you extra value remains their priority.
  • They pride themselves in being transparent. There’re no hidden fees - what you see is what you get.

Nedbank Services

Nedbank is your go-to financial service provider when it comes to short-term loans. Their specialist advice and knowledgeable staff make the process of applying incredibly easy.

You have the opportunity to quickly access additional funds through personalised loan offers of up to R6,000, with no interest charges. The process is simple: choose the desired loan amount and repayment date, without the need for any paperwork.

The funds will be promptly deposited into your account. Only an initiation fee of 8% of the loaned amount will be charged, with no additional fees. Repayment is interest-free and due on the borrower's next salary date.

To view and accept the loan offers, Nedbank clients can log in to the Money app, online banking, or cellphone banking.

The perks of taking out a Nedbank short-term loan

  • They allow you to get up to R6,000 with zero per cent interest.
  • There are a few easy measures to follow and then the money will reflect in your Nedbank account (no documents needed).
  • The only fee that Nedbank charges are an initiation fee of 8%. There are no other hidden costs.
  • You have the option to choose if you’d like to repay the loan from your next salary date or after 30 days.
  • You have the option to choose if you’d like to pay back the loan to Nedbank either from the date you receive your next salary or you can pay it back after just 30 days from taking it out.
  • You have the option to check your offers and accept them at any time with the ease of either the Money app, online banking or making use of your cellphone banking.

Nedbank – Short-term Loan

  • Loan Type Short-term Loans
  • Loan Amount up to R6,000

Benefits of Nedbank

  • Zero-interest short-term loan
  • No paperwork
  • Affordable repayment options

Short-term Loan calculator

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

Access a Nedbank short term loan in 3 easy steps

The Nedbank short-term loan options require little to no paperwork because Nedbank knows you don’t want the extra admin. They provide a straightforward 3-step process to apply for short-term loans:

  1. Receive the offer from Nedbank - Once you’ve applied for the short-term loan, you’ll need to qualify. Once you've qualified, you'll receive an offer from Nedbank that can be accepted on either the Money app, online banking or cellphone banking.
  2. Analyse and adjust - Once you've received the offer, you have the opportunity to undertake or edit the figure that Nedbank is offering you to meet your financial requirements.
  3. Receive the funds - As soon as Nedbank has approved your application, they’ll provide you with the money straight away. For short-term loans, no documents are required.

Nedbank also offers personal loans which make it easy for you to gain access to funds in a hurry! All you have to do is decide the amount of money you need and when you wish to repay that amount back to Nedbank.

Ways to apply for a Nedbank short term loan

On the Money app or using online banking

  • Open the Money app or online banking and use your Nedbank ID to log in. You can also use your app PIN or your fingerprint to log in.
  • Click on the “Overdraft” button.
  • Provide all required information in order to finalise the application.

To qualify for an overdraft facility with Nedbank, you'll need:

  • A Nedbank account that qualifies (specifically a transactional account which your salary is deposited into)
  • A South African ID or passport
  • Three months’ payslips as proof of income
  • If you are not currently a Nedbank customer or if you are a Nedbank customer but you don’t receive your salary in your Nedbank account, then we require three months’ bank statements

Using the Money App

  • Open the Money app and use your Nedbank ID to log in. You can also use your app PIN or your fingerprint to log in.
  • Find the Loans section and take a look to see if you have an offer from Nedbank.

Applying for a Nedbank loan via online banking

  1. Sign in to Online Banking with your Nedbank ID.
  2. Open the number icon to see the offer.
  3. Confirm your employment and credit status.
  4. Include personal-loan insurance.
  5. Review the breakdown of the loan.
  6. Confirm or reduce the loan amount and repayment terms.
  7. Confirm your personal information.
  8. Accept the terms and conditions.
  9. Click on submit.

Cellphone banking loan application steps

  1. Dial *120*001# and choose 1.
  2. Log in to Cellphone Banking with your profile number and four-digit PIN.
  3. Go to your inbox and follow the prompts.

To qualify for a short-term loan with Nedbank, there are a few requirements that you’ll need to meet.

Requirements for a Nedbank short term loan

  • Age of 18 years or older.
  • Permanently or self-employed, on contract, or a pensioner.
  • Monthly income of R5,000 or more, paid into a Nedbank account.

Additional loan solutions available

  • Personal loans: Apply for loans ranging from R2,000 up to R300,000.
  • Credit cards: Enjoy up to 55 interest-free days on your credit card.
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Nedbank is a trusted & reliable provider of short-term 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

Contact Number


  • not available


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 – 13:30
  • Sunday – Closed