Rating based on 33 reviews

Nedbank Consolidation Loan

  • Consolidation loans up to R300,000
  • Low-interest starting from 18.75%
  • Repayment up to 72 months

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Author Nedbank. Screenshot of Nedbank website.
[Accessed January 24, 2023]

About Nedbank

As a premier banking group that aims to ensure their customer's financial needs, obligations and goals are met through resourcefulness, dedication and great attention to detail they are the bank of choice for those who are going places.

From the little things to the BIG ones - they're there for you

From everyday bank accounts to complex debt consolidation and vehicle finance solutions they know what they're doing and their achievements and successes prove it. If you want to work with a bank that cares about you and wants to propel you to the level you want to be at - choose Nedbank.

Nedbank Services

Nedbank is a preferred supplier of financial services and products from personal loans to vehicle finance, Forex, savings and investments as well as everyday banking - they offer a full spectrum of products and services with a modern twist and incredible innovation.

Consolidate debt with Nedbank

They offer personal loans of up to R300 000 which can be used to consolidate a variety of unsecured credit that is incurring high levels of interest and is becoming difficult to manage. Their loan terms of up to 60 months are ideal for making the transition from being unable to manage debt to having enough leftover income to live comfortably.

Nedbank – Consolidation loan

  • Loan Type Consolidation loans
  • Interest Rate 18.7529.25% p/a
  • Loan Amount up to R300,000
  • Repayment 6 months to 72 months
  • Decision 48 hours

Benefits of Nedbank

  • Loans up to R300 000
  • Consolidate up to 3 of your existing loans

They are the bank of choice for those who are going places

In order to increase your chances of successfully consolidating your debt it is imperative that you evaluate your debt situation closely to ensure that it is the right option for you.

Although there are many benefits to consolidating there are also many negatives that should be understood and weighed up. For instance, the very act of consolidating your debt means that you'll be taking out a new loan in order to pay off existing debts, therefore before you decide to go ahead with a debt consolidation loan you need to be sure that you can afford it, otherwise you'll just be adding more debt onto your plate, which is the opposite of what they want.

You can quickly apply online

As a financial services provider that is dedicated to saving you both time and money, they have made it possible for you to apply for a debt consolidation loan or personal loan online in just a quarter of an hour or less. You will need to provide a range of supporting documents in conjunction with the fully completed loan application form to have your loan request processed.

Which documents do you need to apply?

You will need to send us a copy of your South African ID document or smart card, your recent payslips or letter of employment (contract workers), three months' stamped bank statements that reflect your salary, and your proof of residence which is not older than three months. Make sure that you have all of these documents at hand when applying so that the processing of your application will not be delayed.

They tailor their loans for you

Because they believe in treating every one of their customers as individuals, this in turn also means that they believe that their loans should be personalised to your needs. Therefore, taking into account your individual situation, they'll go the extra mile to find you a debt consolidation loan that helps you tidy up your finances while still being suitable for what you can manage.

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Nedbank is a trusted & reliable provider of consolidation 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

November 2018

Have nothing but good things to say about Nedbank. You guys are amazing! You helped me get a loan to manage my debts when I really needed it and I'm so thankful because now I don't have to worry ...

Nicole M
— Johannesburg —

January 2019

I love how easy it is to apply for a loan. It literally only took me minutes!

Melissa S
— Cape Town —

April 2019

I just had to give a shout out to the Nedbank team for assisting me with getting my loan so quickly. I've never experienced such an efficient and fast service when it comes to getting a loan. You...

Nontobeko N
— Nelspruit —

Nedbank Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 08:30 – 16:00
  • Tuesday 08:30 – 16:00
  • Wednesday 08:30 – 16:00
  • Thursday 08:30 – 16:00
  • Friday 08:30 – 16:00
  • Saturday 08:30 – 12:00
  • Sunday – Closed