Self-service
You can manage your home loan through the Nedbank Money app, Online Banking or Cellphone Banking. You can also visit Nedbank.mobi from your cellphone’s internet browser.
Money app
You’ll love this safe and secure way to check or update your debit order information, download statements, request a settlement amount, etc. Get the Money app for full-service banking at your fingertips.
Download Money app
Online Banking
Enjoy desktop convenience when viewing and downloading your home loan statements in any format that you prefer, managing your building loan or requesting a settlement or cancellation.
Go to Online Banking
Cellphone banking
No data? No problem! Dial *120*001# from your cellphone to access a range of everyday-banking features. View and manage your account from anywhere, at any time.
Learn moreFurther lending
In case of a personal emergency, or a need to upgrade or maintain your home, you have the option to access some extra cash from your home loan account.
The benefits of using your home loan to borrow money
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Compared with credit cards, personal loans or overdrafts, a home loan is typically the cheapest form of debt.
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As a long-term client, you can leverage your bond for quicker access to extra cash when you need it most.
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You also have flexibility in how you leverage your home loan account to access the additional funds.
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The cash is paid directly into your personal account, giving you the freedom to you use this money when you need it.
NedRevolve
Get cash from your home loan whenever you need it by simply paying more than the minimum monthly instalment into your account. With NedRevolve you can do the following:
- Increase your home loan debit order for easy access to your savings without the added paperwork.
- Deposit lump sums into your home loan account whenever you need to keep money safe, for example, your bonus or tax refund.
- To withdraw your available extra funds, you can transfer them to your Nedbank account directly from the Money app or Online Banking.
Readvance
Every monthly instalment you pay decreases the principal debt on your outstanding loan. A readvance gives you access to a portion of the principal debt you have already paid off.
- Apply for a readvance from R15,000 up to the full amount of the principal debt you have paid off.
- Use our HomeVision feature to register for a higher bond than your loan amount, and you will have quick access to those extra funds at any time during your loan term.
Further loan
You can borrow money from your existing home loan if you register a second bond on your home, under any of the following conditions:
- Your home has increased in value since the original loan was granted.
- Your home had surplus value at the time of original registration.
- You are taking out the further loan to improve your home and increase its value.
HomeVision
If you registered a higher bond than the required loan amount at the start of your home loan, you could apply to access a portion thereof (up to the total amount registered) by using it for a readvance. This, however, will depend on your property having sufficient value and your affordability.
View HomeVisionInterest rates
When you apply for a Nedbank home loan, a variable interest rate is automatically set, but you can change this to a fixed rate. We offer preferential interest rates to clients with a Nedbank transactional account as an added benefit.
The variable interest rate
Home loan payments are initially based on a variable interest rate, linked to the prime lending rate determined by the South African Reserve Bank (SARB).
- When the prime lending rate changes, your home loan interest rate will change accordingly, which could mean your monthly instalment increases or decreases.
- We recommend putting aside funds to increase your instalment should the interest rate increase.
- If there is a decrease, we recommend that you continue to pay your original repayment to help you pay off your loan faster.
Fixed interest rate
- You may set a fixed interest rate for a specified period so that your interest rate will not change if the prime rate changes.
- A benefit of this is that even if the interest rate rises, the interest rate on your home loan will not change, and you will pay the same instalment every month.
- Once the set fixed period ends, the interest rate automatically returns to the variable rate where you have the option to agree to a new fixed rate.
- We offer fixed rates for 12, 24, 36, 48 or 60 months.
Settlement and bond cancellation process
Settling your home loan is a substantial financial achievement. We want to guide you through the legal processes to ensure smooth sailing. For example, did you know that your home loan account is not closed automatically once you have paid up your account?
Learn more here
Managing your debt
If you find yourself unable to continue paying off your home loan account, please reach out to us for various payment solutions or possible remedies to help you manage your debt. These can include the following:
- Advice on what options are available to you.
- Nedbank-assisted sales, where we can help you sell your home.
- Debt counselling to help you find the right path through a challenging financial situation.
- Guidance and support with a loved one's deceased estate.
- Additional ways in which you can pay your monthly home loan instalments.
