The secured personal loan is a personal loan that gives you a chance to apply for a loan against your pension or provident fund, whether you want to buy a new house or renovate the old one, you can apply for a secured loan at the nearest Nedbank Branch.
Ways to apply for a secured personal loans
Firstly to check if you qualify for a secured personal loan its simple, you contact the human resources department at your place of work to see if your company’s provident or pension fund is registered. In order to qualify you must meet certain criteria such as ,must be permanently employed, not self employed, getting paid electronically at the bank an approved agreement with the company in order for you to qualify.
To be able to qualify for a secured personal loan you need to be permanently employed,your salary must be electronically deposited into your bank account and the approved scheme agreement must be in place with the company available in order for you to qualify.
What does the secured personal loan offer
The secured personal loan offer an access to the loan that meets your individual housing needs, an attractive interest rates, no bond registration or property valuation fees, negotiable installments depending on repayments period and funds available and secured personal loans offers insurance that covers you in the event of death, disability or retrenchment.
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