The Savvy Plus and Savvy Bundle Account (referred to as ‘transactional account’).

Any client that takes up a Nedbank Personal Loan or Vehicle finance and a transactional account through one of our channels. You will also qualify if you already have a personal loan or Vehicle finance  and take one of our qualifying transactional accounts as well as if you already have an inactive transactional account and take a new Nedbank Personal Loan or Vehicle finance .

For the duration of your linked personal loan or vehicle finance. For example, if you have taken  a new personal loan for 24 months, you will receive the R200 cashback for 24 months, if you meet the qualifying terms and conditions.

This offer is limited to one personal loan or vehicle finance credit agreement. If you have multiple personal loan or vehicle finance agreements with Nedbank, you can choose which personal loan or vehicle finance agreement this offer will be applied to.

To qualify for this offer, you must make sure you meet the following terms and conditions :

• You must already have a Savvy Account, or you can open a new transactional account on the Money app, Online Banking, Online, Nedbank branch or through the Nedbank Contact Centre agent.
• You must pay your instalment for your personal loan or vehicle finance via a debit order from your transactional account every month.
• You must switch your salary to your Savvy Account, which must be R5 000 or more per month, or make a minimum deposit of R5 000 or more into your transactional account every month.
• You must download and use the Money app or Online Banking at least once every month.

You will have 60 days to open a transactional account if you do not already have one. You must meet the qualifying terms and conditions set out above within 60 days from date of opening your transactional account or if you already have a transactional account.

You will not receive the R200 if:

• you close your transactional account;
• you cancel your debit order;
• your debit order is returned unpaid for any reason;
• you do not switch your salary or do not make monthly deposits;
• you do not download and use the Money app or Online Banking; or
• your personal loan or Vehicle finance is no longer in good standing, which means that the account must not be in arrears or default, or be subject to any legal status or process that includes legal collections or recoveries.

If you settle your personal loan or Vehicle finance early and simultaneously take up another personal loan, you will continue to receive this offer, but only for the remaining period in terms of the first personal loan or Vehicle finance agreement. If you do not take up another personal loan or Vehicle finance  agreement, this offer will be terminated immediately, without any notice given to you.

If you restructure your personal loan agreement and extend the term, you will receive the R200 for the original term only and not for the portion of the extended term

This offer is available to clients that do not have a Savvy Account and to clients that have an inactive Savvy Account only. If you already have a transactional account and are using the account, then you will not qualify for the offer.