Affordable housing cashback

Terms and conditions

1. Benefit

If you meet the terms and conditions we set out below, we will offer you R5 000 cash back and pay it into your Nedbank transactional account 45 calendar days after your bond has been registered. 

2. Who may take up the offer? 

2.1 You must be an individual with a single or joint gross income of less than R32 000 a month. 

2.2 You must open a qualifying Nedbank transactional account (Savvy Bundle, Savvy Plus or a Nedbank Pay-as-you-use) before registration of the bond or have an open and active qualifying Nedbank transactional account at the time of registration; and 

2.3 You must switch your salary to be paid into the account and one month’s salary must show at the time of payout. 

2.4 For joint applications at least one applicant must fulfil the requirements set out in 2.2 and 2.3 to qualify. 

2.5 The following people may not take up the offer

2.5.1 All Nedbank staffmembers. 

2.5.2 Juristic persons, including, but not limited to, partnerships, trusts, companies and/or close corporations. 

2.5.3 Nedbank Private Wealth clients. 

2.5.4 People who are taking out further loans, readvances, endorsements, or switch loans (loans from other financial institutions) or who are buying through Nedbank-assisted Sales and/or Nedbank-owned properties. Retail Relationship Banking clients. 

3. More information

For further information about the campaign send an email to
homefinance@nedbank.co.za or call the Nedbank Home Loans Contact Centre on 0800 555 111. 

Note: The affordable cash back offer is a separate offering from the main banked offer. If you are eligible for this offer, we will include these terms and conditions in your home loan quote. 

The outcome of this application is not guaranteed and is subject to credit assessment, personal affordability and affordable-housing qualifying criteria.