FREQUENTLY ASKED QUESTIONS

What do I need to open an account?

• Valid National ID.
• A Residence or Work Permit for non-Swazi Citizens
• Confirmation of Residence e.g. Electricity Bill or Rate statements
• 3 months pay slip with current employer and letter of employment for Current Account

What are the charges for operating an account?

• Service Fee
• Administration Fee
• Withdraw/Deposit fees

As a client how much can borrow for a personal loan?

• 3 times your gross salary with maximum of E15 000
• If gross is more the E10 000, you can borrow more than E15 000 depending on loan repayments appearing on your pay slip

What are the criteria for qualifying for a loan facility?

• Have an account with Nedbank
• Your salary must have been paid through next bank by your employer for at least 3 months
• Total repayment of all your loan facilities much be 35% of your gross or less