To access your surplus through NedRevolve, you need a Nedbank bank account. Link your home loan to your digital banking profile. Withdrawals start at R1 000.
What full funding and paying off the balance mean for your home loan
Financing 100% is not guaranteed. Nedbank weighs your credit history, property value and affordability, so a deposit may still be needed to buy your home.
Paying off your balance doesn’t close the account or cancel the bond. While it stays open, the R69 monthly fee and applicable insurance premiums continue.
Your interest rate comes before the smaller fees
Your rate depends mainly on your credit history and deposit, set after application and credit assessment. Bond registration and property transfer also bring attorney and Deeds Office fees.
Nedbank debits interest monthly. Its initiation fee is R6 037, except on readvances. The R69 service fee sits in your monthly instalment. Both fees include VAT.
The income, cover and documents you need to apply
Self-employed, business and commission income needs extra paperwork.
- Earn R10 000 or more monthly, alone or jointly.
- Be a South African resident aged over 18.
- You work permanently, on a fixed-term contract or for yourself.
- Have property insurance and your supporting documents.
From your application to signing the loan
- Start online, in the Money app or at a branch.
- Nedbank assesses affordability and the property.
- If credit and property checks pass, accept the offer.
- After accepting, sign with the lawyer and pay legal fees.
Your questions answered
What property insurance do I need for my Nedbank Home Loan?
Freehold cover must match full replacement value; sectional-title cover is in your levy. Choose your insurer. Credit life is optional.
Which documents do you and any co-applicants need for a home loan?
Supply a valid SA ID or passport, three months’ income proof and bank statements, and an offer signed by all parties, if applicable.
What documents do self-employed or commissioned buyers need?
Your records include an accountant’s drawings letter, six months’ personal and business statements and two years’ financials.
Can I qualify with commission income or at an older age?
Commission earners can qualify with six months’ commission statements. Nedbank sets maximum age using credit history, deposit and finances.