Welcome to our new digital experience. For more services please go to
Welcome to our new digital experience. For more services please go to nedbank.co.za
Make sure you’re eligible for a secondhand car loan
Are you a South African resident? Over 18 but younger than 65?
Do you earn more than R3,500 a month? Is your wage or salary paid into your personal account electronically?
Are you self-employed, have a permanent or fixed-term contract, or are you a pensioner?
What documents you’ll need at the dealer
Your valid South African identity card or document
Your most recent payslip, or a letter from your employer confirming you’re a contract worker, or your pension payment
Stamped bank statements for the last 3 months
This is a representative example of what you can expect to pay.
Loan amount
R50,000 borrowed over 60 months
Monthly instalment amount
R1,528.38
Monthly service fee
R69
Total amount payable
R103,524
Annual maximum interest rate
24.75%
Maximum annual percentage rate
29.34%
Initiation fee
R1,207.50
See pricing guide for 2022
