Back
Bank
Save & Invest
Borrow
Insure
Plan
Learn
Contact us
Get in touch
Find us
Manage your money
Accounts

Bank how and when you choose to, with the low fees or extra benefits you want.

Credit cards

Shop online or instore and earn rewards for it, with up to 55 days interest-free credit.

Ways to bank

See how to bank in your own time, 24/7 online, on your phone or on the Money app.

International banking

Buy foreign bank notes, transfer funds or shop globally with a travel card.

Rewards

Manage your money like a pro and get rewarded for it. Epic deals, discounts and more.

Explore Bank
Grow your money
Accounts

Great interest rates, with great flexibility and access to your money when you need it.

Investment services

Access the best in local and international wealth management solutions.

Explore Save & Invest
Achieve your goals
Personal loans

Personalised interest rates for affordable loans from R2,000 to R300,000.

Home loans

Loan up to 100% of the property value or up to 105% if you are a first-time buyer.

Student loans

Unlock your potential with a full- or part-time student loan from Nedbank.

Overdrafts

Add an overdraft to your account for instant access to credit when you need it.

Vehicle finance

Planning to buy a car? Easily apply for an MFC vehicle loan in 5 steps.

Explore Borrow
Explore Insure
Explore Plan
Find guidance
Blog

Buying a home, opening a new account or need to save? Let our experts guide you.

Explore Learn
Get in touch
Talk to us

Find the contact details you need. We are here to help, by phone or email.

Find us

Get directions to your nearest branch, ATM or foreign exchange branch.

Explore Contact us
Back
Bank

Accounts

Bank how and when you choose to, with the low fees or extra benefits you want.

Credit cards

Shop online or instore and earn rewards for it, with up to 55 days interest-free credit.

Ways to bank

See how to bank in your own time, 24/7 online, on your phone or on the Money app.

International banking

Buy foreign bank notes, transfer funds or shop globally with a travel card.

Rewards

Manage your money like a pro and get rewarded for it. Epic deals, discounts and more.
Back
Save & Invest

Accounts

Great interest rates, with great flexibility and access to your money when you need it.

Investment services

Access the best in local and international wealth management solutions.
Back
Borrow

Personal loans

Personalised interest rates for affordable loans from R2,000 to R300,000.

Home loans

Loan up to 100% of the property value or up to 105% if you are a first-time buyer.

Student loans

Unlock your potential with a full- or part-time student loan from Nedbank.

Overdrafts

Add an overdraft to your account for instant access to credit when you need it.

Vehicle finance

Planning to buy a car? Easily apply for an MFC vehicle loan in 5 steps.
Back
Insure
Back
Plan
Back
Learn

Blog

Buying a home, opening a new account or need to save? Let our experts guide you.
Back
Contact us

Talk to us

Find the contact details you need. We are here to help, by phone or email.

Find us

Get directions to your nearest branch, ATM or foreign exchange branch.
  • Refugees and asylum seekers
  • Bill payments
  • International banking
  • Rewards
  • Investment services
  • Consolidation loan
  • Secondhand car loan
  • Home improvement loan
  • Exclusive short-term loan offers
  • Building loan
  • Switching home loan
  • Repossessed properties
  • Start your home buying journey
  • Solar Energy Finance
  • Overdrafts
  • Vehicle finance
  • Insure
  • Plan
  • Blog
  • Talk to us
  • Find us
We are aware that Comair’s provisional liquidation is affecting many of our clients.
We are aware that Comair’s provisional liquidation is affecting many of our clients. Read more close
Main-banked home loans offer Terms and conditions

 


 Introduction

  • If you meet the qualifying criteria below, we will give you a preferential interest rate on your Nedbank Home Loan.
  • We will include this reduced rate in your home loan quotation, which will form part of your home loan agreement with us.
  • If, at any time during your home loan agreement, you no longer meet the qualifying criteria, we will change the interest rate back to the stand-alone interest rate on your quotation, and that rate will then apply.

 

Qualifying criteria

  • To qualify for the interest rate discount, your primary account must be a Nedbank account, which means you must do your main banking with Nedbank. To become a main-banked client, you must do the following:

− Maintain your existing or open a new Nedbank Savvy Plus or Savvy Bundle Account.

− Arrange that your salary is paid into this account or ensure that a deposit of at least R5 000 is paid into this account every month for the duration of your home loan. 

− Do at least one transaction a month using the debit card linked to this account.

− Pay your home loan debit order from this account (after you have verified the debit order via DebiCheck).

 

  • If you miss any of you monthly payments, you will no longer qualify for the interest discount.
  • If you have a joint home loan, at least one applicant must meet all the criteria to qualify. 

 

Terms

  • You must comply with the criteria within two months from the registration of your mortgage bond.
  • We may review and change the qualifying criteria at any time.
  • You will also be liable for any tax payments due for any benefit in terms of this addendum to your home loan agreement. 
  • If we find that you are no longer a favourable client, for example, if you use your home loan in an unlawful way, breach any of the terms and conditions of your home loan agreement or miss any instalments, we may cancel the interest rate discount immediately and the rate on page 1 of your quotation will then apply.
  • Our main-banked offer applies to home loans for retail clients (individuals) only.