Personal loans and January goal setting
Responsible borrowing helps you plan a better future for you and your family.
After the fun of the festive break, January can feel like the longest month. After you pay off all those silly season bills that you racked up during the holidays, you also have to find the money for those extra expenses that crop up at the start of every year.
But the new year also brings the chance of a new beginning – it's normally a time when you’ll be taking stock of your situation and looking ahead at your plans for the next 12 months. It’s the right time to be thinking about a financial strategy that will help you achieve your personal and family goals.
It may surprise you, but a personal loan can be considered a responsible way to finance your plans for the coming year – especially if you invest the money in developing a more rewarding future for you and your loved ones.
Responsible borrowing – a personal loan to support your aspirations
For parents, January is when the cost of school fees, uniforms, stationery, and other back-to-school essentials can become a headache. A good education is key to giving your child the best start in life, and you’ll want them to participate in every opportunity that the school offers – but those opportunities can come with extra costs. Many schools offer a discount if you pay the entire year’s fees upfront, but not everyone can afford that lump sum and take advantage of the saving at a time of the year when you may already be pressed for money.
Or you might have your own education in mind as you start a new year – there are many reasons to study further as an adult, even if you’re settled in a job and have a family. Perhaps you want to work in a different field, or you need more qualifications to get promoted, or you need to stay current in a rapidly changing profession, or you just want to study something because the subject interests you.
Instead of feeling pressured to stretch every rand, you can focus on making smart, impactful choices that align with your goals
You might even decide to buy some equipment and materials to turn a skill or a hobby into a weekend side hustle and increase your income. Maybe you’re planning a physical makeover, and you want to take a course to quit smoking or buy a bicycle to get back in shape. Whatever the reason, an investment in your personal development, your family’s comfort and security, or your child’s future is never a waste of time or money.
If you’re employed and you can afford a personal loan, it could be the solution that makes this year a time of growth and fulfilment for you and your loved ones. Considering the benefits of a good education and a healthy lifestyle, a personal loan to expand your family’s choices is responsible debt use to help you achieve personal goals without compromising your financial stability.
Why choose a personal loan?
Personal loans are practical and flexible because you get a lump sum of cash upfront. This allows you to manage your expenses without tapping into your long-term savings or racking up credit card debt that often comes with a higher interest rate.
A Nedbank Personal Loan offers several unique benefits:
- Loan amounts of up to R400,000
This gives you the flexibility to finance both short-term and long-term goals, whether it’s covering back-to-school costs, or funding whatever you need. A loan provides substantial support to meet your goals.
- Flexible repayment terms
We will help you decide on a repayment period that fits your budget and lifestyle, from 6 months up to 72 months, making sure you don’t overstretch your monthly finances.
- Cashback with a MiGoals Plus or MiGoals Premium account
You can earn R200 cashback each month when you take up a Nedbank Personal Loan and have your salary deposited into a new MiGoals Plus or Premium account. Terms and conditions apply. Over a 72-month loan term, you could receive up to R14,400 cashback for your smart financial planning.
- Affordable interest rates
We will offer you the best interest we can with an affordable loan size and term to help keep your repayments manageable.
- Responsible lending
As a responsible lender, we check your financial circumstances carefully when assessing your application to ensure you won’t be over-indebted. We only offer loans that will help you maintain a good credit record.
Check what your credit score is, to see if you may be eligible for a loan.
When you have the resources to act on opportunities as they arise, you gain more than financial stability – you gain peace of mind. Instead of feeling pressured to stretch every rand, you can focus on making smart, impactful choices that align with your goals. Your plans for the year don’t have to wait. Apply for a Nedbank Personal Loan, and manage today's expenses while building a brighter tomorrow for you and your loved ones.
Terms and conditions apply.
