Nedbank personal loans range from R1000 to R 120 000, and repayment periods are flexible so depending on which loan you qualify for you can select to pay it back over 24, 36 or even 60mths. You can apply for a Nedbank personal loan even if you do not bank with them normally – either way repayments will be debited directly from your bank account.
To qualify for a Nedbank personal loan you must:
- Be permanently employed at the same employer for at least three consecutive months (weekly wage earners need to be employed at the same employer for at least 12 consecutive months)
- Earn a net salary of at least R 1 200 per month (commission or overtime earners need to have a basic salary greater than R 1 200)
- Have a salary that is electronically deposited into your bank account