NEDBANK SECURED PERSONAL LOAN
Nedbank Secured Personal Loan (Personal Loan)
        
Build a better tomorrow today with a Nedbank Secured Personal Loan. If your pension or provident fund is registered with Nedbank, you could qualify for a Nedbank Secured Personal Loan. A Secured Personal Loan gives you the opportunity to apply* for a loan against your pension or provident fund. The possibilities are endless - renovate, do additions or even purchase a home with a Nedbank Secured Personal Loan.
Location: South Africa
Lender/Broker: Lender
Advantages:
1. Access to a loan that meets your individual housing needs.
2. Attractive interest rates.
3. No bond registration or property valuation fees.
4. Negotiable instalments depending on repayment periods and funds available.
5. Insurance that covers you in the event of death, disability or retrenchment. You have the option to arrange your own insurance policy that covers you for these events.
Disadvantages:
1. Your pension or provident fund must be registered with Nedbank
Services:
1. Secure Loan lender

Interest Rate: As quoted at time of applicationLoan Amount: Varies
Min Term: VariesMax Term: Varies

Secured Loan: YesUnsecured Loan: No

Terms and Conditions:
You must earn a net salary of at least R1 500 a month
Identification:
1. Your latest bank statement that reflects one month's salary deposit(s).
2. Your South African green bar-coded identity document.
Suitable:
For individuals looking to secure a loan against their Nedbank pensions or provident fund
Restrictions:
To Qualify you must:
 
1. You must be permanently employed (by the same employer) for at least three consecutive months. Weekly earners need to be employed (by the same employer) for at least 12 consecutive months.
2. Your most recent payslip(s) for one month.
3. You must earn a net salary of at least R1 500 a month electronically deposited into your bank account.
4. Your latest bank statement that reflects one month's salary deposit(s).
5. Your South African green bar-coded identity document.
6. Proof of residence for Financial Intelligence Centre Act (FICA) purposes, eg a utility bill (electricity, telephone or rates bill/ account).
 
* All loan applications are subject to final credit approval, fund rules and terms and conditions, including certain income source criteria.
        
REVIEWS
Nedbank Secured Personal Loan (Which Way To Pay South Africa - 4/2/2013)
Nedbank Secured Personal Loan is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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