Nedbank personal loan terms on the public page
Nedbank Limited must give you a pre-agreement statement and quotation under the National Credit Act before you sign. The table is what the marketing calculator currently discloses. It is an example, and Nedbank states the numbers are not binding.
Published parameters
| Parameter | Official / calculator detail |
|---|---|
| Amount | R2,000 – R400,000 |
| Term choices | 6, 12, 24, 36, 48, 60, 72, 84 months |
| Security | Unsecured |
| Rate | Personalised from payment history and risk |
| Calculator average-SA note | 18.25%–28% interest (not your promised rate) |
| Example annual max interest | 29.25% |
| Example max APR | 34.05% |
| Example ticket | R50,000 over 84 months |
| Example instalment | R1,923.47 |
| Example total | R115,408.20 |
| Example initiation | R1,207.50 (added to the loan) |
| Monthly service | R69 |
| Credit life | Optional; rand amount on the quote |
| Early settlement fee | None on the FAQ / calculator |
| Late penalty fee | None on the calculator |
Documents Nedbank names
Bring a South African ID or passport and your latest payslip. Upload three months’ bank statements if the bank cannot pull them automatically. Existing clients often start with a Nedbank ID inside the Money app, which can pre-fill personal fields.
Legal identifiers
Nedbank Limited, NCRCP16, FSP 9363, registration 1951/000009/06, 135 Rivonia Road, Sandown, Sandton, 2196. Branch code on file for Nedbank EFTs: 198765.
How to read the cost
A longer term cuts the monthly debit and grows the interest bill. Compare the quotation’s total cost of credit, not only the headline rate. The 18.25%–28% band is labelled as what South Africans pay on average inside the calculator. It is not a floor or ceiling Nedbank guarantees you. The example’s legal maxima are 29.25% and 34.05% APR.
