Important disclosure

Nedbank Personal Loan Calculator

Nedbank is an authorised financial services provider. The Nedbank personal loan calculator will help you budget for your next project.

To do this, simply input your desired loan amount, use the filter to adjust the loan term and then click calculate. It’s that easy!

Calculate repayments

Goods from R2 000 up to R250 000 can be purchased at accredited stores. Flexible repayment terms from 6 up to 72 months to suit your pocket. No deposit required. Straightforward application process. A loan from a trusted bank for the goods you need. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Nedbank Personal Loans

6 months
to 72 months
to R350,000
Loans available from R2 000 to R300 000*. Flexible repayment periods from 6 up to 72 months. Monthly repayments debited from your bank account. The best possible interest rate that we can offer you. Easy online loan application process. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments. 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 and Services Guide.

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 loan calculator for personalised and affordable finance

A Nedbank personal loan is an instalment loan you can use to cover a wide range of needs. This includes paying off your existing debt or making improvements to your home. The advantage here is you receive the money as a lump sum, but you only have to pay it back in small monthly instalments over a period of your choosing.

In such a case, the important thing is to make sure you can afford the monthly payments. The Nedbank loan calculator on this page is a tool that helps you figure out which features of a this lender’s financial solutions are right for you.

Finally, Nedbank is a registered credit provider operating under the terms of the National Credit Act. As such, the financial institution will lend you money responsibly.

How does the Nedbank personal loan calculator work?

Follow the simple steps outlined below and start using the Nedbank personal loans calculator to make smart and informed decisions before your application. To better compare your options, here’s how to calculate the amount you will have to pay each month after borrowing:

  1. To use our repayment calculator to find your monthly repayments, you’ll have to first enter the amount using the correct sliding tool.
  2. Next, enter the term using the second sliding tool. The term is the number of months you need to pay back the money you borrow.
  3. Click “Calculate Repayment.” Our repayment calculator will instantly tell you how much your monthly repayments will be overall.
  4. You can use this free calculator as many times as you like to find a credit you can afford and which is the cheapest for you. You can do this by entering different amounts and terms to find the best monthly repayment option.

Does your monthly instalment include interest?

When calculating your debt’s monthly costs, interest is also included. Remember, interest is what Nedbank charges you for borrowing money. Although the maximum interest rate for loans in South Africa is 27.75% per annum (at the time of writing), the interest rate you will get on your Nedbank loan depends on many factors, such as your credit score. A higher credit score helps you get a lower interest rate since you pose a lesser risk and are more likely to make repayments according to your contract agreement.

How to get a lower monthly payment that is more affordable

When using the Nedbank personal loans calculator, you can get a lower result by increasing the term. However, you should be aware that this is not a cheap option, since a longer term means you’ll be paying more interest over the loan’s life. This, in turn, increases the total cost of the credit. Therefore, it is important to remember that while a lower monthly instalment might seem attractive, it can stretch your budget in the long term.

You ca  use the loan calculator to find the total cost of your loan

Your monthly repayment amount is mostly calculated using the amount, interest rate, and repayment duration. There are other charges for Nedbank loans, including a monthly service fee (usually R69) and an initiation fee capped at R1207.50. These are all included in your monthly payment, making it easy to get a good estimate of your credit’s total cost. For example, if you borrow R50 000 for 60 months, your monthly repayments will be R1597 approximately. Since you know your term is 60 months, you can multiply it with the monthly repayment to find the total cost.

Advantages of using the Nedbank personal loan calculator

  • It helps you plan your budget – This convenient tool allows you to see if your budget can handle the amount you want to apply for. If the amount is too much for your budget, you can adjust the amount or term until you find an affordable monthly repayment.
  • It helps you save money – The Nedbank repayment calculator enables you to choose an option that suits your budget. You can figure out which amount and term help you to save money on interest. In the long run, this keeps you from struggling when making repayments.
  • You save a lot of time – This calculator empowers you by allowing you to carry out the necessary calculations on your own in just minutes without consulting the lender. This information improves your chances of being approved since it is easy to see if you qualify for the amount based on your income.
  • It helps you understand how Nedbank personal loans work – When you keep experimenting with the Nedbank calculator, you become familiar with how the repayment process works. In addition, you’ll understand how factors like the amount you choose to borrow and the term affect your monthly instalment amount.

Nedbank personal loan frequently asked questions

How does a Nedbank personal loan work?

You can borrow an amount between R2000 and R300 000 for 6 to 72 months.

What can I use a Nedbank loan for?

Nedbank personal credits are very flexible. They’re commonly used for debt consolidation, home renovations, holidays, weddings, and emergency expenses. If you wish to buy a car or pay for your education, Nedbank vehicle finance, and Nedbank student loans can give you lower interest rates that help you save money.

What do I need to get a Nedbank loan?

General requirements include a valid South African ID and bank account. In addition, you should be above the age of 18 and employed or self-employed.

How do I apply for a Nedbank personal loan online?

After using the Nedbank loan calculator, simply click on the correct “Go to Site” button in the comparison tables above. This link instantly takes you to Nedbank’s website, where you can start the easy online application process.

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