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Product Guide: Nedbank Overdraft

Nedbank Personal Overdraft for Savvy Bundle account

Comparison Overview:

  • Product: Personal Overdraft for Savvy Bundle account
  • Arrangement Fees: Free
  • Monthly Maintenance Fees: Free
  • Interest: On Application
  • Unauthorised borrowing: ?
  • Professional Advice: Yes


Nedbank Personal Overdraft for Savvy Plus Account

Comparison Overview:

  • Product: Personal Overdraft for Savvy Plus Account
  • Arrangement Fees: ?
  • Monthly Maintenance Fees: R25
  • Interest: On Application
  • Unauthorised borrowing: ?
  • Professional Advice: Yes



Nedbank Personal Overdraft for Savvy Pay-as-you-use Account

Comparison Overview:

  • Product: Personal Overdraft for Savvy Plus Account
  • Arrangement Fees: ?
  • Monthly Maintenance Fees: R25
  • Interest: On Application
  • Unauthorised borrowing: ?
  • Professional Advice: Yes

Nedbank Business Banking Current Account Overdraft

Comparison Overview:

  • Product: Business Banking Current Account Overdraft
  • Arrangement Fees: ?
  • Monthly Maintenance Fees: R57
  • Interest: On Application
  • Unauthorised borrowing: ?
  • Professional Advice: Yes

Product Overview

At times your business needs some cashflow flexibility – while you’re waiting for payments to come in, you need to make payments of your own. A Nedbank overdraft facility is the ideal solution, providing working capital finance and unlocking cashflow.

An overdraft facility helps you to grow your business by:

  • Providing the flexibility to borrow or repay as and when your cashflow allows;
  • Making funds accessible quickly and easily through a variety of mechanisms; and
  • Calculating debit interest on the daily used amount only

What you get

  • Easy access with electronic banking, ATMs and debit cards;
  • Competitive, risk-based pricing; and
  • immediate access – as soon as your current account is active, you can apply for an overdraft facility and, once approved and the pre-agreed conditions are met, the facility is made available immediately.