Important disclosure

NedBank Personal Loans Overview

Nedbank logoAre you looking for a personal loan from a place you can trust and which gives you peace of mind? Then Nedbank may be a good option. A Nedbank personal loan can help you kickstart a home renovation project, buy your dream car or take a well-deserved break.

Nedbank is one of the leading financial services providers in South Africa. Nedbank offers wholesale and retail services as well as insurance, asset and wealth management services.

Benefits of Nedbank personal loans

  • Personalised interest rates based on your credit score.
  • Easy and convenient online application process.
  • If your loan is approved, you’ll receive money in your bank account in the quickest time possible (usually a few hours).
  • Flexible repayment terms.
  • Monthly instalments are debited from your account.
  • Nedbank offers authorised financial services and is a registered credit provider in terms of the National Credit Act.

How do I apply for a Nedbank personal loan online?

Follow the steps below to apply for a Nedbank loan.

Confirm your eligibility for a loan

To qualify you must:

  • Be employed as a permanent or fixed-contract worker. Self-employed individuals also qualify;
  • Have a monthly income of R3 500+. Furthermore, this income should be paid electronically into your account;
  • Be at least 18 years old; and
  • Have a good credit score.

Have the following information ready

  • A valid South African ID with barcode or a smart ID card;
  • Your most recent payslip showing your salary for one month. Alternatively, you can submit a letter of employment if you’re a contract worker;
  • Your bank statement with activity for the last three months. (if you have a Nedbank, ABSA, or Standard bank account, this can be done for you);
  • Proof of residence e.g. a water or electricity bill from your local council. The proof of residence should not be older than 3 months.

Check your estimated repayments and apply online

  1. Use our Nedbank loan calculator to calculate the best monthly repayment option for you
  2. Click on “Go to Site” visit Nedbank’s online loan application.
  3. On their website, click on Apply, select Borrow, and click on Personal loan, lastly on Start Application.
  4. Next, log in to your account with your Nedbank ID. If you don’t have one, you can register a new account within minutes.
  5. Finish the application process by supplying and submitting the required information.
  6. If the loan is approved, the money is deposited directly into your bank account.


NedBank personal loan calculator

Loan Amount



3 months

Sorry, no results were found provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see's Terms of Use.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Nedbank personal loan FAQs

What are Nedbank’s personal loan interest rates?

Interest rates vary depending on your credit score. Interest rates start from 10% and go up to a maximum of 27.5%

What costs do Nedbank personal loans have?

In addition to the interest rate, you can expect to pay a loan initiation fee of R1 207.50 and a monthly loan administration fee of R69.

What if I fail to pay back my loan?

Certain unforeseen circumstances can stop one from paying off a loan. To safeguard against this, Nedbank offers you the option to take out a personal loan protection plan. This insurance will help pay off your loan in the event of death, disability, or retrenchment. If you fail to repay your debt for other reasons not covered by the loan, your account will be taken to debt collectors. This can negatively affect your credit score, and you may face legal action.

What other types of Nedbank loans can I get?

Nedbank also offers vehicle loans, home loans, student loans, overdrafts, and credit cards.

Can I use a Nedbank personal loan for debt consolidation?

Yes, you can use the personal loan to pay off your debts, which leaves you with a single debt. Find out more about debt consolidation

Can I get a Nedbank loan if I’m unemployed?

Unfortunately, a Nedbank personal loan application requires you to be either employed or self-employed. You should also be earning a minimum of R3500 per month.

Nedbank personal loans video