Loan amountR 2 000 – R 400 000
Repayment term6–84 months
Interest ratePersonalisedRate depends on your credit profile

What to know at a glance

Consolidation available. The published borrowing range starts at R 2 000. Approval and your final terms depend on the lender’s assessment.

Fees and the full cost

The 2026 pricing guide includes VAT. The separate insurance cost must be confirmed in the loan quote.

Initiation fee
The guide lists R165 plus 10% of the limit above R1,000, capped at R1,207.50. Confirm the exact charge in your quote; the product page says it is added to the borrowed amount.
Monthly service fee
R69 per month, including VAT, in the 2026 personal-loan pricing table.
Credit life / protection
Nedbank says personal loans include insurance, with the premium built into the instalment. Personal Loan Assurance covers death, disability and loss of income, subject to conditions and waiting periods. No numerical premium tariff or calculation basis is confirmed on the policy product page. Ask about equivalent replacement cover and the applicable policy schedule.

Compare your total repayment as well as the monthly instalment. Ask for a written quote showing the exact rate, initiation fee, service fees and insurance applicable to you.

A detail worth checking

The dated 2026 guide confirms R2,000–R400,000 and 6–84 months. It states a maximum interest rate of prime + 17.5 percentage points; the product page uses inconsistent numerical examples. No guaranteed starting rate is listed here.

Before you apply

  • Income and affordability assessment
  • Identity and supporting documents
  • Confirm the exact requirements with Nedbank

Other Nedbank options

These products or customer groups have their own limits and pricing.

What happens next?

The button takes you to Nedbank’s official product page. You decide whether to start an application there. The lender may request documents, obtain consent for credit checks and assess affordability.

Browsing Fairloan does not constitute an application. We do not collect your identity number, documents or contact details, and we cannot predict approval.

Sources and registration

Registration information published by the lender: NCRCP16. This is not a live registry verification. Check the NCR register and confirm the legal entity before applying.