Learn more about one of  South Africa’s home loan, offered by Nedbank, and how to apply!

Nedbank Home Loan offers a competitive offer by financing up to 100% of the property value, or up to 105% if you are a first-time homebuyer, while also allowing you to pay only 50% of your bond registration fee.

This loan can can be perfect for someone who wants to have preferential interest rate when looking into building, renovating or buying a house. And, even better, when you apply online, on the Money app or through our call centre, you get up to R20,000 cash back on the value of your home loan.

Beyond the major perks, if you earn a gross monthly income of R32 000 or less (single or joint income), you may receive the option of not having to pay the initiation fee upfront. The bank also provides up to 0.5% off your interest rate if you apply for another home loan in the future. This could be your first step towards your dream house.

What Are The Benefits of Nedbank’s Home Loan?

• ✔️- Minimum Monthly Gross Income Required: R10,000;
• ✔️- Maximum Loan Amount: R7,500,000;
• ✔️ – Interest Rate: preferential;
• ✔️ – Loan Repayment Term: from 5 to 30 years;
• ✔️ – Cashback: get up to R20,000 cash back on the value of your home loan;
• ✔️ – Get Up To 50% Discount On The Bond Registration Fee That Is Charged By A Nedbank Panel Attorney;
• ✔️ – The Option Of Not Having To Pay The Initiation Fee Upfront As Tt Can Be Added To The Home Loan Amount (if you earn a gross monthly income of R32 000 or less);
• ✔️ – Choose Between Buying, Renovating, or Building Your Home;
• ✔️ – Finance Up to 100% Of The Property Value, Or Up To 105% If You Are A First-Time Homebuyer.

APPLY NOW

Requirements

• A copy of your South Africa ID (or your passport if you are not a South African citizen);
• Proof of residence not older than 3 months;
• You must be over 18;
• You must have a good credit score;
• You must have a minimum monthly gross income of R10,000;
• Your latest payslip or other proof of income;
• Your latest bank statements for the past 3 months;
• A copy of the offer to purchase or sale agreement;
• An employment bond may be requested;
• Monthly Service Fee: R69;
• Initiation Fee: R6,037;
• Transactional Fees: R100 + R2,65 per R100 or part thereof.

How Do I Apply For Nedbank’s Home Loan?

By clicking on the “Apply Now” option on the bank’s website, you be redirected to a page where you’ll be presented with four different ways you can apply. Then, it’s up to you which one suits you best. Here are the application processes available:

• Apply Online;
• Apply Through Our Contact Centre;
• Apply At A Branch;
• Apply On The Money App.

APPLY HERE