Being in the market for enough credit to invest or make repairs to home? How about buying a used vehicle, or perhaps people are simply trying to find a way to clear debt from their credit history? Consider to apply for a loan (including, personal loans & short term loans) with NEDBANK of South Africa.
Being one of the four largest banks in South Africa, NEDBANK has a history that dates back to the late 1800s. They have locations in Namibia, Swaziland, Malawi, Mozambique, Lesotho, Zimbabwe, and additional offices in Kenya and Angola. The main services offered by NEDBANK are basic wholesale and retail banking, insurance, and assest & wealth management.
Personal Loan Specifications:
Amount: R1,000 to R250,000
Representative APR: Dependent on credit history and monthly income
Term: 1 to 5 years
Example: If an applicant borrow R50,000 and plan to pay it back over the course of 5 years. The APR would be around 27.5%, with a monthly fee of R68.40 plus an additional one time fee of R1 197. Total payback would come to a total of R101 613 at the end of the 5 year term.
What Do Applicants Need In Order To Apply:
– 3 months worth of bank statements
– Most recent paystub from employer and a monthly income of at least R3,000 that is directly deposited into customers bank account
– Valid South African Identity Document
– Proof of residence
All contracted loans from NEDBANK comes with insurance to help customers loved ones pay off the debt in the event of death or even in the case that applicants become disabled and the ability to continue employment is effected.
Interested in learning more about a loan with NEDBANK? Applicants can calculate numbers, and follow up with an online application within minutes.