Nedbank is known for their great customer service and they offer a variety of personal as well as business banking options. Clients can borrow anywhere between R1,000 and R200,000 and once approved, the money will be deposited into your bank account within 24 hours.
This is a great way to get access to funds when you need it most, as we all know how quickly expenses can become a priority.
Nedbank personal loans can be repaid over a period of between 12 and 16 months and there is also very convenient loan payment calculator available online where you can calculate what your monthly instalments will be to ensure that you will be able to afford it.
How to apply
Apply for a Nedbank personal loan is easy, and you can either do it online, on the telephone, or by visiting a branch. Your application will immediately be processed and you will be advised of the outcome.
Some of the qualifying criteria for a personal loan includes being permanently employed and earning a salary of R2,000 per month or more. Your salary must also be electronically deposit into your bank account and you must not be blacklisted or undertake review.
Protection
When you take out a loan you will also be provided with loan protection to cover you in the event of death, disability or critical illness. This means that your loan amount will be settled and you can either choose to have the bank arrange for this insurance on your behalf, or you can provide the bank with details of insurance policy that you already have in your name.
There are many branches throughout South Africa so apply for a personal loan is very easy to do. You can also visit them online or have a consultant phone you to finalise your application.
