Nedbank 1 Month Loan
A short-term loan is available to preselected Nedbank clients and enables you to access small amounts of money over short periods of time, ensuring that you have access to the cash you need, when you need it most.
Features and benefits
Loan amount
- Minimum: R250 Maximum: R6 000
Loan term
- You can choose to repay the loan on your next salary date or 30 days after taking it out.
Interest rate
No interest!
Fees
- 8% initiation fee. No other fees or costs.
Quick and easy
- Immediate access to cash when you need it through a fully digital process.
Qualifying criteria
- You must have a Nedbank current account into which your salary is paid electronically.
- You must earn an income of at least R3 500 per month.
- You must be at least 18 years old.
- You must be employed permanently or under a fixed-term contract, self-employed or a pensioner.
How to get it
If you have been preselected, you will receive an offer on the Nedbank Money app, Online Banking or Cellphone Banking.
What documents do you need?
You don’t need to give us any additional documents.