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Consolidate your loans and save
Combine multiple loans with 1 personal loan. Get a repayment plan structured to your needs and save on monthly repayments.
Why choose Nedbank to consolidate your loans?
Make managing your loans easier with 1 repayment
Pay off all your loans with a new personal interest rate
Save with a new structured repayment plan
Get extra money to use now and pay off a single loan
Use our personal loans consolidation calculator
- Loan consolidation calculator
Add what you pay every month on the biggest loans you have. You can also add extra cash if you need it.
- 6
- 12
- 24
- 36
- 48
- 60
- 72
R2000
R300000
A single, easy to manage instalment will mean you spend less each month on fees.
Item
Description
How much do you want to borrow?
The amount we pay into your account.
How much you’ll pay back each month
This is the amount we would debit your bank account every month on your salary date.
How much you’ll pay back in total
The total amount you would have paid at the end of the loan term, including the loan, interest, fees and, if you included the premium in your calculation, your insurance.
How much you’ll pay in interest and fees
The total amount you would have paid towards interest, fees and, if you included the premium in your calculation, your insurance.
Loan term
The time you chose to pay back the loan.
Initiation fee
We charge a once-off fee to process the loan. This will be added to the total amount you borrow.
Monthly service fee
We charge a monthly fee to service your personal loan account over the loan term.
Early settlement fee
If you pay back your loan before the end of your loan term, we won't charge any fees.
Late penalty fee
If you make a payment after missing your monthly repayment date, we don't charge you a late penalty fee.
Learn more about buying secondhand cars
Our calculation is only an example of how the interest rate and fees can affect your repayments. Although we do our best to give you accurate calculations, they will not be binding on us. To confirm the latest interest rate or fees, please visit your nearest branch.
How our loan
process works
Step 1
Step 2
Step 3
Step 1
Start your application
Select ‘Start loan application’ to see what you’ll need. Fill out the form. We’ll run the credit checks and give you an answer.
Step 2
Consider your offer
We’ll make you an offer based on what we know you can afford. You can either accept it or ask for changes to the offer.
Step 3
Finalise the loan
Send us your documents. If everything’s in order, we’ll pay the money directly into your bank account.
Ready to apply?
Start loan applicationHow much could a personal loan cost?
See pricing guide for 2022