When financial emergencies emerge, Personal loans can help you and knowing the right lender that’s safe, trusted and offers an easy application process can always keep you one step ahead. In this article, we will learn more about how and where to apply for a Nedbank Personal Loan, its requirements, required documents and benefits.
Nedbank is one of South Africa’s biggest banks and it has been offering it financial services for years and personal loans are among those services.
Nedbank offers personal loans that start from R2000 up to R300000 enough to suit many people’s financial situation and the repayment period ranges from 6 months up to 6 years
Benefits of Nedbank Personal Loan
Nedbank offers multiple benefits with its personal loan making this product ideal for people who are in need of swift credit assistance.
- Nedbank offers R200 monthly cashback to its qualifying customers when they pay their loan using the MiGoals Premium or MiGoals Plus Nedbank account
- Nedbank personal loans have Flexible Repayment Terms, which gives borrowers the benefit to choose their own repayment terms for any loan amount.
- Borrowers get a chance to win money when they pay back their loan on time
- Personalized Interest Rates make this personal loan more affordable to many individuals
Requirements of Nedbank Personal Loan
It is important to know the requirements before applying for a Nedbank personal loan in order to be eligible.
- Must be South African citizen, 18 years and not older than 65 years
- Must be employed earning at least R5000 per month if you get paid using Nedbank account and if not you must be earning R10 000 per month
- Pensioners and self-employed individuals can qualify if they have the supporting documents
- Good credit score can be considered as a requirement because that can impact your eligibility for the loan. A good credit score is important.
Documents Required for Application
When applying for a Nedbank personal loan you must provide the following certified documents.
- Must have a valid South African ID document
- documents like your payslip will be required if you are permanently employed but if you are self-employed you must have a fixed-term or permanent contract
- 3 months bank statements will be required for non-Nedbank customers
- Proof of Pension payment will be needed if you are retired.
How to Apply for Nedbank Personal Loan
Nedbank has an easy application process and it has multiple platforms to apply for the personal loan, making it more accessible to many people. If you now know the eligibility requirements and documents mentioned above you can:
- Apply using the Nedbank website online
- Apply in person at any Nedbank branch
- Apply using the Nedbank app
- Apply through the phone
Approval for the loan application can be in minutes and the money you borrowed can be sent to your respective account in less than an hour.
Contact Details
To get in touch with Nedbank regarding their personal loan product you can simply give them a call on: 0800 5551 11
Want more personal loans click here.
