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The Gateway To Your Personal Financial Success

February 26, 2012 | Comments: 0 | Views: 175

There are always personal financial obligations that have to be met at a personal level. These obligations may lead us to seek finances from different sources at our disposal. We would resort to our friends and family members for small amounts of money. More often than not, this kind of borrowing is usually unsecured. There are, however, situations that demand and require large sums of money that that which can be provided by those people around us. NedBank is the most reliable source of both secured and unsecured personal loans.

One of the most attractive aspects of NedBank's loans is the wide range of money that can be loaned to a borrower in form of a loan. The bank's unsecured personal loan ranges from as little as R2000 to as much as R120000. This may be suitable for individuals who are looking for money for small businesses or even purchasing of equipment for their business. Individuals can also borrow the money for purchase of household equipment such as furniture or electronics.

Customers need to meet a predefined set of criteria in order to qualify for NedBank unsecured personal loans. Age, for example, is a critical factor that would determine whether the borrower could benefit from this form of NedBank personal loan. Borrowers must be at least 18 years old and up to 65 years of age. The level of income of the borrower is also a determinant in most of NedBank personal loans including this personal unsecured loan. For this particular type of loan, a minimum income of R1500 is required.

The borrower's income has to meet certain requirements. The salary of the borrower must be transferred to their account electronically. This should be done every month. Borrowers are also required to ensure that their salaries are paid into their accounts which can be debited. NedBank, therefore, requires that the borrowers should be in a position to afford the loan they are asking for. This means that every borrower should have a good track record as far as creditworthiness is concerned. The borrowers are expected to be under the same employer for three months.

The requirements aside, there are great benefits that the borrowers can enjoy. There are many monthly options for repayment. These include the 12, 24, 36, 48 and 60 monthly repayment periods for the unsecured loans. This is a clear indication that the flexibility and ease of payments for the NedBank personal loans is great. The loan comes with insurance. The importance of the insurance benefit is the safeguard the borrowers in event of a number of uncertainties such as disability and death.

Borrowers are also entitled to statements that keep them updated on the status of their loans. This is vital for transparency and record purposes which goes a long way to establish trust between the bank and their clients. The borrowers are also not necessarily required to have a salary account with NedBank. Instead, NedBank will transfer the amount of money in the personal loan to the borrower's account.

Nedbank personal loans are great ways to both get access to money and repay comfortably. The bank has sought different ways to enable their customers to access personal credit loans in order to meet their various needs. The loans are affordable and are suited for different financial requirements depending on the borrowers

Source: EzineArticles
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