To qualify for a Nedbank Quick Loan, you need a good credit record – you achieve this by using credit responsibly and paying your accounts on time, every time. After you have submitted your application, we'll let you know whether you qualify and, if you do, which loan amount options are available to you.

The application process is fully digital – no paperwork is required. You'll be asked to verify your identity and provide details of your income and expenses during the application process.

Fees and interest rates are personalised based on your credit profile. You'll see all fees and interest rates upfront before accepting the loan so that you know exactly what you're agreeing to. Interest rates and fees may change if the South African Reserve Bank (SARB) adjusts the repo rate or if VAT changes. Fees and interest do not compound.

Your loan is automatically repaid via a debit order that you approve during the application process. You can also make extra or early payments via EFT or PayShap (where supported).

Important: EFT payments can take up to 5 business days to be reflected. If you make an EFT payment within 5 days of your debit order date, both payments may be processed in the same month, resulting in a double payment.

No. Only South African citizens with a valid SA ID number can apply.

Yes. You can apply even if you don't bank with Nedbank, as long as you're a South African citizen with a valid SA ID number.

No. If you're under debt review, the National Credit Act (NCA), 34 of 2005, does not allow you to apply for credit.

Your loan is personalised. The amount you can borrow and the repayment term offered depend on your credit score, income, and expenses.

If you are a Nedbank client, you can apply for a Quick Loan on the Money app. If you are not a Nedbank client, you can  apply for your loan online.

To qualify, you must have a good credit record and use credit responsibly. We'll also do an affordability check using the information you provide to ensure the loan is suitable for you and that you can afford it.

A DebiCheck mandate is an electronic debit order authorisation. You'll approve it via the Money app (or USSD where supported). It shows the maximum possible amount, but only the actual amount due will be deducted.

Your loan cannot be approved without it. If you reject the mandate, your application will be cancelled.

Once your loan has been approved and you have accepted the DebiCheck mandate, the money will be paid into your bank account within minutes.

Note: DebiCheck mandates cannot be processed between 20:30 and midnight.

You'll be notified during the application process and receive a confirmation message.

Repayments are made via DebiCheck debit order. You can also make extra or early payments via EFT or PayShap.

Reminder: EFT payments can take up to 5 business days to reflect. Paying within 5 days of your debit order date may result in both payments being deducted in the same month.

On your salary date, as chosen during your application.

Yes. You can settle your loan at any time via EFT or PayShap. There are no penalty fees, but standard initiation fees and interest up to the settlement date will still apply. ETF payments may take up to 5 business days to reflect.

If you pay late, interest will be charged on the outstanding balance. Late payments are reported to credit bureaus and may affect future credit applications.

This usually means that there wasn't enough money in your account. Interest will continue to accrue until payment is made via the next debit order attempt or EFT/PayShap.

No. You can have only 1 Quick Loan at a time.

Yes, depending on your credit score and affordability.

You can find our Quick Loans terms and conditions on this website at any time. We'll also share them with you during your application.