Get in touch
Find us
Learn more about loans
3 ways to reap the benefits of record-low repo rates
The SARB cut the repo rate to 3,50% in 2020, the lowest it’s been since 1973.
Welcome to our new digital experience. For more services please go to
Welcome to our new digital experience. For more services please go to nedbank.co.za
We use cookies to improve your experience.
Why choose a Nedbank personal loan to get a car?
You don’t need to worry about balloon payments or paying a deposit
You get up to 72 months to pay back the loan
Our approved dealers take care of all the paperwork when you apply
Call 0860 300 400 to find an approved dealer near you
Use our calculator to see what works for you
- Repayments calculator
See if you can afford a loan for the car you want, with details on fees and insurance, and what you’ll pay in interest over the full loan term.
How much do you want to borrow?
R
What’s your preferred repayment term?
- 6
- 12
- 24
- 36
- 48
- 60
- 72
Include insurance in your repayment?
How much you’ll pay back each month
R0.00
How much you’ll pay back in total
R0.00
Example interest rate
On average, South Africans pay 18% to 24.75%. We’ll offer you an interest rate based on your payment history and risk profile.
Our calculation is only an example of how the interest rate and fees can affect your loan 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
Visit an approved dealer
Call 0860 300 400 for approved dealers near you to find the car you want.
Step 2
Ask for a Nedbank personal loan
We’ll offer you a loan for the secondhand car. If you’re happy, sign, and the dealer will do the rest.
Step 3
Collect your car keys
Once your loan has been approved, you can go and get your car.
How much could a personal loan cost?
This is a representative example of what you can expect to pay.
Loan amount
R50,000 borrowed over 60 months
Monthly instalment amount
R1,528.38
Monthly service fee
R69
Total amount payable
R103,524
Annual maximum interest rate
24.75%
Maximum annual percentage rate
29.34%
Initiation fee
R1,207.50
Physical address 135 Rivonia Road, Sandown, Sandton, 2196, South Africa
See pricing guide for 2022