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Personal Loans
A personal loan is an easy and affordable way to better your life. Think about the good that a loan can do for you and your family.
A personal loan is an easy and affordable way to better your life. Think about the good that a loan can do for you and your family.
Whatever your need – making the seemingly impossible possible, paying an
unexpected medical bill, doing home repairs or improvements, purchasing a second-hand car, or furthering your or a family member's education – a personal loan can be a stepping stone to better your life and can ultimately pay you back.
You can have peace of mind that we will offer you the right loan amount based on affordability and at the best interest rate we can offer you, ensuring that you maintain a good credit record.
At Nedbank, we have loan products to suit your specific needs and financial solutions:
- Personal Loan - up to E5 000 E200 000
- LEAP - from E 1000 to E50 000
Getting a loan is easy and straight forward
Nedbank Swaziland has removed all unnecessary formalities in order to keep the application process as simple, straight forward and client friendly as possible, ensuring it is quick and easy to get a loan.
When you take a Nedbank Personal Loan, you can rest assured knowing:
- We have designed loans to suit varying incomes and needs – each of the loans has a range of unique features and benefits.
- We charge a fair interest rate.
- Your loan will be paid into the account through which your salary is electronically credited.
Personal Loan
This loan is provided for any major financial commitments of clients against acceptable tangible security.
Features & benefits
- Minimum of E5 000 and maximum of E200 000.
- Repayment over a maximum of 4 years.
- Monthly repayment may not exceed 35% of gross monthly salary.
- Repayment is either deducted directly from source (by employer) or by stop order.
What do you need to apply for the Personal Loan?
- Valid identity document or passport.
- Proof of income (payslip).
- Proof of residence.
Lusiba Educational Assistance Programme (LEAP)
Education is expensive and unaffordable to many parents yet it is one of the keys to success and remain the cornerstone to a bright future. This product provides a solution to parents and students studying in recognised educational institutions.
The LEAP enables deserving clients to their/their dependents’ studies in recognised institutions, part-time or full time. It is designed for clients and their dependents who are in need of finances to pursue their studies.
The LEAP is designed to cover the following expenses:
- Tuition
- Registration
- Books
- Board and residence
- Any special equipment/material required for a course
Note: Documentation supporting the above is required on application e.g. prospectus from the educational institution.
Features & Benefits
- Client is given a minimum loan of E1000 and a maximum of E50 000 to study at a recognised educational institution.
- Repayment must be in 12 months via a monthly stop order facility.
- Only Nedbank clients who are salaried at Nedbank for the duration of the loan are eligible to apply for this loan
What do you need to apply for LEAP?
- Valid identity document or passport.
- Proof of residence.
- Proof of income for client (the parent).
- Your original student card and proof of registration at a tertiary institution for the current year.
For more detailed information and to apply for your personal loan, contact a Personal banker or Relationship Manager or visit your nearest Nedbank branch today.
*All loan applications are subject to final credit approval and meeting required terms and conditions.
For more information, visit a Nedbank branch near you or contact us at 2408 1251/2408 1000.