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Personal Loans
Apply today and stand a chance to win your share of N$30 000
Competition ends 28 February 2022. Read the terms and conditions of the competition here.
NedLoans - unsecured personal loan
The quick, easy and affordable personal loan helping employed Namibians to borrow responsibly.
Let your dreams define your life:
- Invest in your or your children’s future by taking care of school fees and stationery.
- Gain peace of mind from settling current debts.
- Buy farming supplies for a rich harvest.
- Be prepared for funeral, illness or other emergency.
- Take that holiday you’ve always dreamt of.
NedLoans is a leading provider of loans to Namibians working for government and for employers who have a payroll deduction agreement with us. In 2020 NedLoans voluntarily committed to market conduct principles, which means that we review the entire credit profile of an applicant. Therefore, NedLoans promotes responsible borrowing, offering personal loans from N$1 500 to N$100 000 for a variety of purposes, from home improvement, education and emergency medical or other unexpected costs, to paying for furniture or other expensive household items. Repayments, by salary deduction over 12 to 60 months, must not be more than one-third of your net salary, or as agreed with the employer, but in line with the Labour Act. We can also consolidate your debt and settle it directly with your debtor(s).
Features & benefits
- Loans from N$1 500 to N$100 000 over a repayment period of between 12 and 60 months.
- Credit life insurance in the event of death, disablement or retrenchment.
- Debt consolidation, which helps you break the debt cycle and save on costs.
- Monthly instalments payable via salary deduction.
- Low, affordable banking costs.
- Competitive interest rates on loans.
How do I qualify?
- Your employer must have a payroll deduction agreement with us in place.
- You must be employed permanently by an approved employer.
- You must be employed permanently for at least one year of service at your current employer.
- You must be at least 21 years of age.
- You must be a Namibian citizen.
- The period you have left to work before retirement must be at least three months longer than the term of the loan.
- You must not be insolvent or under a garnishee or administration order.
- You must have a clean credit record or have taken up debt consolidation.
- The loan instalment must not be more than one-third of your net salary, and your net or take-home salary after the instalment has been deducted may not be less than N$1 000.
What do I need to apply?
- Valid original Namibian ID or passport or driving licence with a birth certificate.
- Most recent original payslip.
- Latest original three months’ bank statement indicating your latest salary deposit, which must correspond with your latest payslip and your own personal particulars.
- Marriage certificate, if married.
- Spouse’s consent, if you are married in community of property.
Let NedLoans help you borrow responsibly and improve your life.
Whom can I contact?
If you would like find out more or apply for a NedLoan, please contact 061 299 4200 or visit a Nedbank branch near you. If you are an employee working for a private sector business, refer your employer to NedLoans so they can sign a payroll deduction agreement with us.
