Can I borrow money from the same account?

By Staff Writer

Can I borrow money from the same personal loan account I have with Nedbank? I havea a personal loan of 60 months and I am at the 24 month mark?


Nedbank's Tumelo Marema from New Business answers our readers question this week. 

As client mentions he is on approximately 24 months of 60; he is welcomed to apply for a reload. We only expect 4 payments on any new loan for a reload to be granted. Obviously, the new application will still be subjected to our lending criteria.
Our sales division is contactable on 0860103582 or alternatively client can visit any nearest branch with the following set of documents:
1.       Original ID
2.       Latest payslip
3.       Proof of address
4.       3 months bank statement if account is held with a different institution

Recent Articles


Colosseum Deluxe Holiday Special

Price: From R900
When: Until 30 September 2020
Where: Cape Town

Pure Day Spa Mother’s Day Special

Price: R850
When: Until 09 May 2021
Where: Cape Town

The 41 Tuesday Specials

Price: Available on request
When: Tuesdays
Where: Cape Town

Latest Guide

Guide to debt rehabilitation solutions