Nedbank Personal Loans
Nedbank Personal Loans offers personal loans from R5,000 - R250,000 with 22.5% APR. NCR-registered lender with flexible repayment terms.
About Nedbank Personal Loans
Nedbank Personal Loans is an NCR-registered credit provider offering personal loans to South African consumers. With loan amounts ranging from R 5 000 to R 250 000 and flexible repayment terms, Nedbank Personal Loans provides accessible credit solutions.
Loan Details
Loan Amounts
Repayment Terms
Interest Rate
Representative example. Actual rate depends on your credit profile.
Key Features
Eligibility Requirements
- ✓ Age 18-65 years
- ✓ South African citizen or permanent resident
- ✓ Minimum monthly income R6,000
- ✓ Valid bank account
- ✓ Employment verification required
- ✓ South African bank account
- ✓ Valid ID document
Advantages & Disadvantages
✓ Pros
- • Competitive rates from 15% for Greenbacks members
- • Up to R250,000 loan amount
- • 72-month repayment terms available
- • Pre-approval for existing Nedbank clients
- • Greenbacks rewards on loan repayments
✗ Cons
- • Higher minimum loan amount (R5,000)
- • Strict income verification
- • Longer processing time for new clients
Frequently Asked Questions
How much can I borrow from Nedbank Personal Loans?
You can borrow between R 5 000 and R 250 000, depending on your credit profile and affordability assessment.
What is the interest rate?
Nedbank Personal Loans offers loans with an APR example of 22.5%. The actual rate you receive will depend on your individual credit assessment and affordability.
How long are the repayment terms?
Repayment terms range from 6 to 73 months, giving you flexibility to choose a term that suits your budget.
Is Nedbank Personal Loans registered with the NCR?
Yes, Nedbank Personal Loans is a registered credit provider with the National Credit Regulator (NCR), ensuring compliance with the National Credit Act.
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View All LendersDisclaimer: Credizen is a comparison platform and not a lender. We receive compensation from Nedbank Personal Loans when you apply through our site. Loan approval and terms are subject to Nedbank Personal Loans's credit assessment and affordability checks.
Responsible Lending: Before applying, ensure you can afford the monthly repayments. Defaulting on credit agreements can negatively affect your credit score. This information is provided for comparison purposes only. Always read the terms and conditions from Nedbank Personal Loans before accepting a loan offer.