First-time homebuyer Private Clients and Small Business Services
Terms and conditions
1 The promoter
Nedbank Limited, registration number 1951/000009/06 (we, us, our), runs this promotion. We reserve the right to make it available to qualifying clients only.
2 Promotion period
The promotion starts on 23 June 2025 and will run until we withdraw it (promotion period).
3 Who can and cannot participate in the promotion
3.1 A participant (you, your) must:
3.1.1 be 18 years or older;
3.1.2 be a first-time homebuyer; and
3.1.3 have a valid South African ID.
3.2 This promotion excludes the following:
3.2.1 Loans to buy vacant land.
3.2.2 Loans to buy property in a new development where all costs are included in the purchase price.
3.2.3 Switching an existing loan held at another financial institution.
3.2.4 Readvances, further loans and endorsements.
3.2.5 Juristic entities.
3.2.6 Self-employed sole proprietors or self-employed clients who takes business drawings.
3.2.7 Non-primary residents, temporary residents, non-residents, and embassy clients.
3.2.8 Active deeds (existing or previous home loans).
3.2.9 Loans with the option to take out our renewable energy offer.
3.2.10 Loans with the option to take out our HomeVision offer.
3.2.11 Loans with the option to take out our step payment plan offer.
4 The offer
4.1 If you are a first-time homebuyer, you may qualify for a home loan of up to 109% of the purchase price of your property. Use the extra money to cover your bond registration costs and transfer costs.
4.2 This offer is subject to, among other things, our internal credit lending criteria, lending policies, and practices (as amended from time to time).
4.3 You may also qualify for a 50% discount on the attorney bond registration fee. This discount does not extend to transfer costs and excludes attorney costs in respect of administration, postage, petties, and deeds office charges. Costs more than the 50% discount (if any) must be paid directly to the registering attorney.
5 How to qualify for the offer
5.1 If it is a joint application, one of the applicants must be a first-time home buyer.
5.2 The property purchase price may not exceed R5 million.
6 How the offer is given out
6.1 If you qualify for the offer, the following applies:
6.1.1 We will pay up to 9% of the loan amount directly to the registering attorney, and they will deduct the applicable costs.
6.1.2 If there is money left, we will pay the remaining balance into your home loan account to reduce the outstanding debt. The extra money cannot be withdrawn.
6.1.3 If the amount up to 9% of the loan is not enough to cover all costs, you must pay the difference to the registering attorney.
6.1.4 The maximum loan term of 30 years applies only if you are 45 years or younger.
6.1.5 Nedbank will apppint the bond registration attorney. This means if you want to buy property directly from a developer or do not have to pay bond registration costs, the 50% attorney fee discount will not apply.
6.1.6 The 50% bond attorney registration discount cannot be converted to cash and cannot be transferred in any form.
6.1.7 You will receive the offer only after we have verified and confirmed your details, including your compliance with these terms and conditions.
6.1.8 We will not be responsible for any technical failures affecting your participation in the promotion, or if your entry has been left out from participation.
6.1.9 If a dispute arises, our decision will be final and binding on all aspects of the promotion, and we will not discuss the matter further.
6.1.10 All costs or expenses relating to the offer that have not been mentioned here are excluded.
6.1.11 We will not be responsible for any delays in your taking up the offer.
6.1.12 We will not be responsible for any additional conditions that third parties impose.
6.1.13 We will give the offer directly to you and not to anyone else, and we will not replace it with cash.
6.1.14 We will not be liable for delays or failure to deliver any part of the offer resulting from acts beyond our reasonable control. We will let you know you as soon as reasonably possible if the offer is affected in this way.
6.1.15 We reserve the right to replace the offer at any time with another of similar commercial value.
7 General
7.1 All information about this promotion, including information that is published on any promotion material, is part of these terms and conditions.
7.2 By participating in the promotion, you agree to be bound by these terms and conditions.
7.3 These terms and conditions are available on our website at nedbank.co.za throughout the promotion period.
7.4 We may ask you to consent in writing to endorsing, promoting and advertising any of our services, without payment. If you decline our request, you will still receive the offer.
7.5 By entering and participating in this promotion, you acknowledge that your personal information needed for the promotion will be shared with us and our agents, but only to the extent necessary for this promotion. Your personal information will be used in line with South African consumer and data protection laws.
7.6 We may, at our discretion and at any time, amend, extend, shorten, or cancel the promotion or any of the terms and conditions of the promotion without notifying you. If this happens, you will give up any rights that you may have in terms of this promotion and you will have no recourse against us or our agents, contractors or sponsors as a result of the extension, shortening or cancellation.
7.6 We or our directors, employees, agents, or suppliers will not be responsible for any direct or indirect loss or damage resulting from your participation in the promotion, or for any accident, injury, harm, costs, or death that you or any other person who participates in the offer sustains at any point during the fulfilment of the offer.
8 More information
For more information about the promotion, call us on 0800 55 22 22.
