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Nedbank Personal Loan Repayment Calculator

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.

Overview

Minimum loan amountR2,000

Maximum loan amountR350,000

Minimum term (months)6 months

Maximum term (months)72 months

Personal loan interest rates (base)24.75%

Personal loan APR24.75%

Monthly repayments (approx)R910

Total repayments (approx)R32,760

Total interest repayments (approx)R12,760

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,500

GO TO Nedbank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0860 103 582

Data accurate as of12.07.2020

GO TO Nedbank

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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.

Overview

Minimum loan amountR2,000

Maximum loan amountR350,000

Minimum term (months)6 months

Maximum term (months)72 months

Personal loan interest rates (base)24.75%

Personal loan APR24.75%

Monthly repayments (approx)R910

Total repayments (approx)R32,760

Total interest repayments (approx)R12,760

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,500

GO TO Nedbank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 103 582

Data accurate as of12.07.2020

GO TO Nedbank

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A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%.

Overview

Minimum loan amountR2,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R796

Total repayments (approx)R28,656

Total interest repayments (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

Minimum monthly incomeR2,000

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 729 727

Data accurate as of18.01.2020

GO TO RCS

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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.

Overview

Minimum loan amountR50,000

Maximum loan amountR100,000

Minimum term (months)1 month

Maximum term (months)84 months

Personal loan interest rates (base)14.20%

Personal loan APR14.20%

Monthly repayments (approx)R797

Total repayments (approx)R28,692

Total interest repayments (approx)R8,692

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,000

GO TO Capitec Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 66 77 89

Data accurate as of12.07.2020

GO TO Capitec Bank

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Loans up to R250,000. Terms between 7 months and 72 months.

Overview

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)7 months

Maximum term (months)72 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0861 111 011

Data accurate as of18.01.2020

GO TO African Bank

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Tired of those expensive repayments? Then switch your personal loans to Absa. It’s easy and with our guaranteed lowest interest rate, you will start saving money immediately. We can switch your personal loans of up to R350 000 and pay your creditors directly.

Overview

Minimum loan amountR15,000

Maximum loan amountR350,000

Minimum term (months)12 months

Maximum term (months)84 months

Personal loan interest rates (base)18.82%

Personal loan APR18.82%

Monthly repayments (approx)R845

Total repayments (approx)R30,420

Total interest repayments (approx)R10,420

Rate typeFixed or Variable

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feen/a

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 100 372

Data accurate as of12.06.2020

GO TO Absa

Hide info -

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CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za 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 CompareLoans.co.za 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 CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za'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.

What type of loan are you looking for?

Nedbank loan calculator for personalised and affordable loans

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 we have created at CompareLoans.co.za is an excellent tool that helps you figure out which features of a Nedbank personal loan are right for you. Find out how it works and why it can benefit you.

How does the Nedbank personal loan calculator work?

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

  1. To use our Nedbank loan repayment calculator to find your monthly repayments, you’ll have to first enter the loan amount using the correct sliding tool.
  2. Next, enter the loan term using the second sliding tool. The loan term is the number of months you need to pay back the loan.
  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 loan you can afford and which is the cheapest for you. You can do this by entering different loan amounts and terms to find the best monthly repayment option.
  5. CompareLoans does not charge you for its services. Furthermore, you can use our free personal loan guide to learn more about how this type of loan works.

Does your monthly instalment include interest?

When calculating your loan’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, 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 loan contract agreement.

How to get a lower monthly payment that is more affordable

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

Can you use the loan calculator to find the total cost of your Nedbank personal loan?

Your monthly repayment amount is mostly calculated using the loan amount, interest rate, and length of your personal loan. There are other charges for Nedbank personal 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 loan’s total cost. For example, if you borrow R50 000 for 60 months, your monthly repayments will be R1597 approximately. Since you know your loan term is 60 months, you can multiply it with the monthly repayment to find the loan’s 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 loan amount you want to apply for. If the amount is too much for your budget, you can adjust the loan amount or loan 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 loan 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 loan 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 loan 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 personal loan for?

Nedbank personal loans 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 personal 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.

Looking for more information about Nedbank personal loans? You can find everything you need to know here.

More about Nedbank

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