Calculators

Home loan

*T&C's

Close

Purchase price

Total deposit

Interest rate (percentage)%

Term (months)

Loan amount
Monthly repayment

*Terms and conditions apply

Calculators

MFC

*T&C's

Close
Total purchase/cash price
The purchase price refers to the total purchase price of the vehicle, including VAT and optional extras.
Deposit
A deposit is an amount paid by the borrower, to reduce the finance or loan amount required. A deposit is not always required when financing a motor vehicle.
Loan amount
The loan amount is the amount that will be financed by the bank and is the amount used to calculate the basic monthly instalment.
Interest rate (percentage)%
The percentage annual interest rate applicable to the transaction. The rate can be fixed or linked to the prime interest rate. The default rate is set at Prime + 3%.
Balloon payment
The balloon percentage is the balloon lump sum payment expressed as a percentage of the finance amount. The Balloon amount is payable at the end of the term of the agreement.
Repayment period
The term refers to the number of months over which the loan will be repaid. The maximum repayment period is 72 months.
First payment date
This is the date of your first debit order. The 1st payment date may not exceed 60 days from the day of signing the contract and taking delivery of your vehicle. Maybe - A good practice is for your debit order to go off on your payday.

Compulsory fees

Initiation fee
The initiation fee is a compulsory once-off bank fee that is charged when opening a new account in terms of the National Credit Act. The initiation fee can be financed as part of the loan (this is generally the case), or paid separately.
Monthly admin fee
The monthly admin fee is a monthly bank fee that is charged for the administration of an account in terms of the National Credit Act.
Monthly repayment
The basic monthly repayment refers to the amount which is paid to the bank every month, including the admin and initiation fees

*Terms and conditions apply

Calculators

Personal loan

*T&C's

Close

Loan amount

*Terms and conditions apply

Instalments

Term Min
instalment
Max
instalment

Interest Rates

Term Min Interest
Rate
Max Interest
Rate

Extra Fees

Expected Payment

Term Min
instalment
Max
instalment
Back

Home loan

* Nedbank does not accept responsibility for any loss or damage of any nature that may be caused or brought about, directly or indirectly, by the use if this website or reliance on any information contained therein. While every effort is made to keep information up to date and correct, any interest rates quoted on this website must be confirmed by a Nedbank branch. Nedbank does not accept any liability for reliance placed on quoted rates in the absence of confirmation. Calculators available on this website are only intended to provide an indication of the amounts calculated. Since Nedbank has no control over the information and variables entered by a website user, figures generated by the calculators shall not be binding on the bank.

Back

MFC

* Calculator Disclaimer

All calculations made on calculators supplied on this site, together with rates quoted, are guidelines only and are subject to confirmation at the time of finalising any transactions. Since MFC has no control over the information and variables entered by the User, figures generated by the calculators shall not be binding on the bank.

The User indemnifies MFC against any loss or liability, of whatsoever nature that maybe caused or brought about, directly or indirectly which the User may suffer as a result of the use of any calculator. The site and all information provided on this site and the services provided on this site, are provided as is. The information provided on this site should not be treated as professional advice of any kind.

i - Calculator information

Purchase price

The purchase price refers to the total purchase price of the vehicle, including VAT and optional extras.

Deposit

A deposit is an amount paid by the borrower, to reduce the finance or loan amount required. A deposit is not always required when financing a motor vehicle.

Loan amount

The loan amount is the amount that will be financed by the bank and is the amount used to calculate the basic monthly instalment.

Repayment period / term

The term refers to the number of months over which the loan will be repaid. The maximum repayment period is 72 months.

Interest rate

The percentage annual interest rate applicable to the transaction. The rate can be fixed or linked to the prime interest rate. The default rate is set at Prime + 3%.

Balloon payment

The balloon percentage is the balloon lump sum payment expressed as a percentage of the finance amount. The Balloon amount is payable at the end of the term of the agreement.

First payment date

This is the date of your first debit order. The 1st payment date may not exceed 60 days from the day of signing the contract and taking delivery of your vehicle. Maybe - A good practice is for your debit order to go off on your payday.

Initiation fee

The initiation fee is a compulsory once-off bank fee that is charged when opening a new account in terms of the National Credit Act. The initiation fee can be financed as part of the loan (this is generally the case), or paid separately.

Monthly admin fee

The monthly admin fee is a monthly bank fee that is charged for the administration of an account in terms of the National Credit Act.

Monthly repayments

The basic monthly repayment refers to the amount which is paid to the bank every month, including the admin and initiation fees

Back

Home loan

* The cost of credit is illustrative of the minimum and maximum interest rates and loan instalments applicable to Personal Loans. The interest rate and instalment applicable to an approved loan application is dependant on the client's risk profile and is accordingly not guaranteed. The interest rates shown are correct as at 17 July 2013, but may be subject to change.