Rating based on 21 reviews

Nedbank Home Loan

  • Pre-approval
  • Payment relief
  • Low-interest starting from 7.25%

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Author Nedbank. Screenshot of Nedbank website.
[Accessed December 12, 2022]

About Nedbank

A home is a big commitment and, in many cases, the biggest investment you will ever make.

A home will provide your family with protection, privacy, and a secure place for many years to come, as well as a place to call home.

Owning a house is significant 

Whether you're buying, constructing, or transferring your financing, they are here to answer all of your concerns and ensure that you feel confident as you go through each phase of your home loan and home purchase. At the end of the day, this online lender will make sure you're able to return to your ideal house on a consistent basis.

Nedbank is registered to provide home loans

Nedbank gives you straightforward advice on home loans that assists you in determining what is best for you. They offer affordable options that meet your ideals and budget.

Low fees and costs associated with home loans

They have a  competitive interest rate depending on how much money you have available to spend. There are no hidden costs, only straightforward pricing and payment options.

Nedbank Services

They understand that purchasing a home is a big decision, and they are here to help you every step of the way.

You will be able to pay back the mortgage from five to twenty-five years when you earn a salary of more than R10 000 per month. Nedbank will do more than just give you a home loan.

Nedbank will assist you in your journey

They will give you advice on whether or not you should purchase a piece of real estate. They will tell you when it will be a good time to purchase a home, and they will assist you in comprehending the process of purchasing a property and obtaining a home loan.

Move your home loan to Nedbank

Take out a mortgage against your house. If your home had additional value when the initial bond was registered, or if the value of your home has increased, you can refinance your home loan and apply for a loan online.

A home loan with Nedbank helps you save

Paying less over a longer period of time by switching to them will allow you to lower your monthly payments by choosing a home loan term of 20 or 25 years, depending on your needs.

Tools to help you calculate affordability

When you’re about to purchase your first home, it’s always good to know what you qualify for before you start house hunting. With the Nedbank affordability calculator, you can calculate an estimate of what to expect.

Let’s say you earn R25,000 monthly and your expenses total R10,000. According to the calculator, you could qualify for a loan of up to R790,708. This loan is payable over 20 years at 9.75% interest. Thus, you’ll have a monthly instalment of R7,500.

Nedbank – Home loan

  • Loan Type Home loans
  • Interest Rate from 7.25%

Benefits of Nedbank

  • Pre-approval
  • Quick online application
  • Affordable interest rates

Getting a home loan from Nedbank is simple and straightforward

Whatever stage of your journey you are in, they have the tools, home loans, and experts to assist you in making all of the right decisions.

They can help you whether you're a first-time buyer, an experienced buyer, or someone who wants to make a financial investment in property. Apply for your home loan today.

Steps to apply for your home loan

  1. Complete and submit your home loan application. Send them your application and they will let you know if anything is missing.
  2. They will examine your financial situation to determine whether or not you'll be able to make the monthly payments on the home loan amount you've requested.
  3. They will conduct a property evaluation to ensure that the property's value is sufficient to serve as collateral for the home loan you require.
  4. Following the completion of the credit and property evaluations, they will make you an offer for a home loan by sending you a home loan quotation, which you must accept in order to proceed.
  5. After accepting the home loan offer, they will appoint an attorney to assist you with the loan closing and transfer of ownership processes.
  6. When the Deeds Office is satisfied with the results, the conveyancing process will be completed. The Deeds Office will officially recognize you as the legal owner of your home once your bond has been registered.

If you are ready to apply for your mortgage you can reach out to Nedbank to assist you through the process. They will require you to meet the following criteria in order to apply for a home loan.

Home loan criteria you need to meet

  • For you and your co-applicants of the home loan, you must provide proof of identity (a valid South African identity document or card, or a passport).
  • Please provide the most recent three months' payslips or other evidence of income for you and any co-applicants of the home loan.
  • Bank statements from the previous three months for you and your co-applicants are required.
  • Copy of the offer to purchase agreement that has been signed by all of the parties included in the home loan

Benefits of a Nedbank Home Loan

  • Get a home loan for as much as 100% of the value of your home.
  • If you bank with Nedbank, you can receive an interest rate discount of up to 0.25% on your home loan.
  • If you apply for your home loan online or through the call center, you could receive up to R15,000 in cashback from Nedbank.
  • If you earn less than R26,100 per month, you can get up to R5,000 in cashback from Nedbank
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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

Customer Reviews & Testimonials

February 2021

Nedbank is outstanding and extremely professional. She was extremely helpful in getting my home loan approved in a short period of time.

Jeremy S
— Soweto —

August 2021

Nedbank responds quickly and with professionalism. We didn't have any problems. Our bond application was approved in less than two days. They kept us informed throughout the process.

Daniel J
— Pretoria —

September 2021

I would like to express my gratitude to Nedbank for the superb service and energy they put in to assist me in obtaining my home loan; they are extremely knowledgeable and helpful. From the very f...

Berty L
— PE —

Nedbank Contact

Physical Address

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

Nedbank Universal Branch Code

  • 198765

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 – 16:30
  • Saturday – Closed
  • Sunday – Closed