Nedbank Home Loan
- Cash back bonus
- Low-interest starting from 9.75%
- Repayment up to 25 years
Table of Contents
[Accessed January 31, 2023]
Nedbank - Easy reliable home loans
Nedbank is one of South Africa’s four largest financial institutions.
They have ranked as part of the JSE top 40 banks and have a market value of over R93 billion as of the 31st of December 2016.
Nedbank offers its clients a variety of retail and banking services as well as insurance advice, asset management, and wealth management options. They offer everything from everyday banking accounts to home loans and credit cards.
Reason to choose Nedbank
Nedbank has proven to be a trustworthy and efficient financial provider. They strive to deliver the best customer experience as well as grow their banking franchise.
Nedbank excels in everything they do and is determined to use its resources to optimize economic growth. They aspire to become the best financial institution in the whole of Africa and have been succeeding so far.
Nedbank's history
Their history can be traced back to the founding of the Cape of Good Hope Bank back in 1831 but the Nedbank as you know it was founded in 2003. They pride themselves on holding the title of one of South Africa’s most reformed banks.
The BBBEE transaction has helped them bring value to more than 500 000 beneficiaries. They strive to use technology to your advantage and to keep you up to date with the latest innovations bringing you new online loan products and services as they continue to grow.
Kickstart your dream of owning a home
Nedbank offers variable insurance products, financial planning solutions, Forex advice, and exchange.
They also offer their clients free tools and calculators to help determine their loan amounts. These special features, including investment opportunities, are available on their website.
Nedbank Home loans
Nedbank would like to assist you with your dream of owning your own home by helping you get a property loan to purchase the property of your dreams.
To make this dream even more possible, we have decided to withdraw the initiation fee of R6 037 if you earn a gross salary of R23 000 per month or if your joint income when applying with your partner does not exceed R760 000.
This is a huge saving and may kick-start your dream of being able to afford your dream home financially.
1% Cashback when you apply for a loan
When making use of Nedbank's easy online services to apply for your home loan, it turns out to be a quick and easy process as they have made an online loan application available to you. If you are a Nedbank account holder, they will give you up to 1% cashback to use as you please.
Remember that the 1% cashback will not exceed R15 000 and your salary must be paid into your personal Nedbank account.
Nedbank – value-added services
This unique service allows you to access any surplus funds that are available in your account when you pay a lump sum into the home loan account or pay more than the minimum instalment.
To have the access you need for the extra money available in your home loan all you need to do is simply link your home loan to your self-service banking profile.
Nedbank – Home loan
- Loan Type Home loans
- Interest Rate from 9.75%
- Repayment 5 years to 25 years
Benefits of Nedbank
- Various home loan options to choose from
- Use the online calculator to make informed decisions
- Payment relief options
Nedbank - value added services
You will be able to pay off your home loan using any of the Nedbank channels such as the Nedbank Money app or conveniently on your cell phone through internet banking.
You will also be able to withdraw any extra funds in the form of a personal loan whenever you need them and use them for whatever you like.
How to save on your fees
It is easy to save on your fees. Here is a list below.
- Arrange to pay your home loan via debit order, this method is free and will ensure that you always make your payments on time and don’t miss a payment or are charged late fees.
- If debit orders aren’t your cup of tea, arrange to do payments by EFT. This method is also free and secure.
- Try to avoid making cash payments whenever possible; this will help you save on fees that can quickly add up.
Notice period and repayment schedule
If you want to cancel your home loan, you will need to give a full year's notice, before taking further steps. If your home loan was not cancelled, you will then need to reapply for the cancellation of the mortgage.
The early termination fees are charged at 3 months of interest that is worked out on your outstanding balance on the loan. If the bond is cancelled before the 90 days, a pro-rata fee will be charged for the remaining days.
If the loan is cancelled after 90 days, no early termination fee will then be charged.
Online application benefits
- You get up to a 30 % discount on your attorney bond registration fees. (*Terms and conditions apply
- Their attorneys will then come to you assist you in person
- You will receive 1% cashback when you use your personal Nedbank account to pay for your home loan.)
- Bond approval within hours.
- You can upload all the supporting documentation that you need directly from the comfort of your own home.
- It’s hassle-free and user-friendly.
- You can access your saved application form at any time via their online platforms
Contact us
If you require any additional information or would like to find out more about the Nedbank online lending services, please visit your nearest Nedbank bank, or contact their call centre on 0860 555 111. It has been made so easy that you can even visit their website.
Nedbank is a trusted & reliable provider of home loans
In our review, Nedbank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.
✅ Nedbank is a registered credit provider in South Africa: NCRCP16
Customer Reviews & Testimonials
Nedbank Contact
Contact Number
Website
Physical Address
- 135 Rivonia Rd, I Block, 2nd Floor, Nedbank Building Sandton Gauteng 2196 South Africa
- Get Directions
Nedbank Universal Branch Code
- 198765
Opening Hours
- Monday 08:00 – 17:00
- Tuesday 08:00 – 17:00
- Wednesday 08:00 – 17:00
- Thursday 08:00 – 17:00
- Friday 08:00 – 16:30
- Saturday – Closed
- Sunday – Closed