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Revolving credit facility

Get credit when you need it with a revolving facility that lets you draw cash, repay, and draw again without having to reapply. It’s fast, flexible, and always ready when you are.

R69

p/m

R10,000

p/m
Apply on the Money app
Apply on the Money app

Get extra money anytime and pay interest

only for the credit you use.

How revolving credit works

Once your credit limit has been approved, your revolving credit facility stays available whenever you need it. Transfer money instantly, repay it on your terms, and access funds again when needed.

What you get

  • Immediate access to funds.

  • A limit of up to R1 million, depending on your profile.

  • No penalties for early settlement.

  • Clear, low fees. You pay only when your balance is R350 or more.

  • Optional insurance cover that offers you added peace of mind with protection on your terms.

  • Affordable repayments – pay 3.5% of your balance or R250, whichever is higher.

  • The convenience of applying on the Money app.
See terms and conditions

Flexible benefits

You’re in control

You’re in control

You stay in control of your finances, with easy credit access, and no burden of fixed monthly costs or reapplying.

It's hassle-free

It's hassle-free

It offers flexible access to credit, with extra credit protection available for added peace of mind when that rainy day comes.

It’s transparent

It’s transparent

You know exactly what you’ll pay, and you pay service fees only if your balance is R350 or more.

Whom is it for?

Professionals

Professionals

'The revolving credit gives me breathing space for surprises and freedom to act on opportunities. I stay in control, with clear costs and service fees.'

Variable income earners

Variable income earners

'I have flexible, transparent access to credit, with optional protection for peace of mind. It suits my changing income and lets me use money I know I can afford.'

Planning lifestyle upgrades

Planning lifestyle upgrades

'I use revolving credit that adapts to my life and gives me confidence and freedom of choice when planning my next big move or managing everyday needs.'

How is it different from a personal loan or overdraft?

Get access to a flexible line of credit from R10 000 to R1 000 000 and pay only for what you use, with easy repayment options and funds that become available to use again as you pay them back.
R69 p/m R69 p/m R69 p/m
R5,000 p/m R10,000 p/m R6,000 p/m
Up to 72 months Revolving Revolving
Fixed Variable Variable
Compulsory Optional Optional
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New to Nedbank?

To apply for revolving credit, you'll first need to have a qualifying Nedbank account or credit card. We recommend opening your bank account first and then applying for an RCF quickly and easily on the Money app.

See all accounts Terms and conditions

The Nedbank Revolving Credit Facility (RCF) lets you quickly borrow money whenever you need it by transferring available funds to your Nedbank transaction or credit card account.

To be eligible for the RCF, you need to:

  1. Be 18 years or older, and
  2. Have a minimum basic income of R10,000 per month
  3. Have a Nedbank Transactional account or a Credit Card account - if you do not have a Nedbank Transactional account or a Credit Card account, you will be able to choose a transaction account during your RCF application process.

You can apply for the RCF through multiple channels:

  1. Nedbank Money app
  2. Online Banking 
  3. Nedbank Contact Centre (NCC) 0800 555 111
  4. Nedbank branches

The RCF offers:

  1. Quick access to funds at a good interest rate
  2. The option to borrow up to your approved limit 
  3. Flexibility to move money to and from your RCF as needed
  4. Easy limit increase requests using self-service channels, like the Nedbank Money app or online banking.

You can request an RCF limit from R10 000 up to R1 Million, subject to a credit assessment.