Rating based on 28 reviews

Nedbank Loans

  • Personal loans up to R300,000
  • Low-interest starting from 16.25%
  • Repayment up to 6 years

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Author Nedbank. Screenshot of Nedbank website.
[Accessed December 8, 2022]

About Nedbank

Nedbank aspires to be more than just a bank; they want to be a partner that's there to give you a helping hand with your finances.

Whether you'd like to open a new savings account, finance your dream vehicle or simply apply for a personal loan to spoil yourself, they want to make it happen.

The Nedbank family story

Nedbank is an NCR-registered financial institution but they aspire to be so much more than that. Nedbank’s history traces all the way back to 1831 with the establishment of the Cape of Good Hope Bank and has since undergone a variety of changes finally arriving as Nedbank as we know it today.

Choose one of their great loan options

They've been offering a wide assortment of financial products and services to the South African public for a very long time. They continue to aspire to provide greater service and customer care.

Nedbank is proud of its reputation as one of the most transformed banks in South Africa and will continue to work to be the best that it can be while serving the needs of its fellow South Africans. From short-term loans to debt consolidation, this powerhouse can assist you to meet your financial needs.

Nedbank Services

Nedbank is a financial provider offering a variety of trusted, fair, and affordable fast loans.

Among these products is a personal loan that can be used to finance a variety of things. Take your financial future into your own hands and get the finance that you need to live your dreams.

Make these loans your personal favourite

A personal loan is a favourite for many South Africans. Think of a long or short-term loan with them as your golden ticket to happiness – a ticket that can be used for anything that you desire.

Some people will use their ticket to go on a well-deserved vacation to the Maldives while others might use it to purchase a new vehicle for their growing family.

Nedbank's loans are highly flexible

You know you best which is why Nedbank will leave the decision-making up to you. Since they're experts in finance they'll make it their priority to give you the best deal possible.

Their personal loans allow you to borrow from R2,000 to R300,000 repayable over a period of 6 months to 72 months at a fair, competitive, and affordable rate.

The best part about their quick loans is that they're highly flexible and customizable allowing you to choose the best package to suit your situation.

Nedbank – Personal loan

  • Loan Type Personal loans
  • Interest Rate 16.2529.75% p/a
  • Loan Amount up to R300,000
  • Repayment 6 months to 6 years

Benefits of Nedbank

  • Promotions
  • Online application
  • Flexible repayment options

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.

Nedbank – the bank that cares about your financial needs

Nedbank prefers to play safe which is why it's compulsory to obtain loan protection cover when taking out a loan with them.

They also understand that with the current economic climate purchasing a new vehicle can be difficult which is why they also provide vehicle finance for secondhand vehicles.

Get more ‘vroom’ for your money

Purchasing a vehicle is an exciting part of life but it's also a very expensive asset to finance. This is why some people prefer to go for secondhand vehicle options.

Nedbank finances secondhand vehicles up to a maximum age of 20 years for a value between R40,000 and R250,000. The best part is that you don't require a deposit and your repayments will remain fixed for the loan period.

Loan protection 

When applying for a loan it's compulsory to obtain loan protection cover which is a type of insurance that ensures the loan is fully repaid in the event of death, disability or retrenchment.

This way you protect yourself and your family from debt. Nedbank is more than willing to assist you in establishing loan protection coverage upon application for one of their loans.

Eligibility for applying for a Nedbank loan

In order to qualify for one of their personal loans, you'll have to be permanently employed and earn a minimum of R3,500 per month. Your salary must also be deposited into your bank account electronically so that you can provide proof of income.

If you qualify against the above criteria then you can complete their application form online, telephonically, or at your nearest Nedbank branch.

You'll need to provide a South African ID, your most recent payslips, and three months' recent bank statements reflecting your income and expenses. Lastly, you'll also need to provide proof of residence.

Let Nedbank help you plan your future

Since a personal loan can be used to help finance anything you need or want, why not use it for education? Do you want to study to be a lawyer or zoologist?

Nedbank can help you to pave the way to a better future with their student loans. If you're a full-time student you can obtain a Nedbank student loan with the help of a guarantor who agrees to pay off the interest on the loan until you've graduated. Take the smart step towards planning your future today and apply for a student 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

Customer Reviews & Testimonials

January 2019

When it comes to customer service Nedbank is definitely at the top in my books. From the moment that I stepped onto the premises until the moment I left, I was assisted by friendly and profession...

Dwayne E
— Potchefstroom —

February 2019

For fair and affordable loans I definitely recommend Nedbank. Their financial products are flexible and competitive. You will not find a better personal loan anywhere in South Africa.

Jacob J
— Port Alfred —

April 2019

As a loyal customer of Nedbank, I have always been pleased by their service and products. This is why I had no doubts about their personal loan. I have used their loans for consolidation, renovat...

De Waal F
— Queenstown —

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 – 13:00
  • Sunday – Closed