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CATEGORY : PERSONAL LOANS
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Query from: Anonymous, United States, 05/31/11
Topic: PERSONAL LOANS      Submitted on: AnswerPod.com
Subject: Can you please answer this question?

Please provide your answer WITHOUT using links or attaching images, docs, etc. (You must still give your source, however).
Attention Council Members: If this query is in the wrong category, be sure to put it in the appropriate category.

Here is the question: Do I qualify for a personal loan of R5000 at nedbank if I'm working for 16 months as a temp and now 2months as a permanent for the same company?

Rate = 3 (Rated by 2 Council Members)
[ This query closed ]
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Response from: sambasivan s,   
Council Member on Ammas.com
Source: http://www.nedbank.co.za/website/co…
I went through the website of Nedbank (South African bank). about personal loans it says like this:

In today's tough times, it's easy to feel weighed down by financial burden. Paying this, settling that and meeting other financial commitments. You worry so much about where the money's going to come from, it gets hard to see the good things in life. Fortunately for you, a Nedbank Personal Loan could really help you shed some of your worries.

A Nedbank Personal Loan could change things for the better! Perhaps it means you can achieve something you've always wanted but couldn't afford, or gives you the financial peace of mind you've longed for.

So if your budget is feeling a little weighed down, remember that a Nedbank Personal Loan could really help take a load off.

Features

A personal loan could give you from R 2000 to R 120 000* in cash, deposited into your salary account. You don't even need a Nedbank account. Flexible repayment periods. Depending on the loan you qualify for, you can repay it over 24, 36, 48 or 60 months and your repayment will be debited directly from your bank account. Straightforward application process and friendly assistance our trained consultants will help you complete an application form. Insurance is a requirement, however, you have the option of requesting the bank to arrange an insurance policy that protects you in the event of death, disability and retrenchment or you can arrange your own insurance policy that covers you for these events.

We are committed to responsible lending. You will only qualify for a loan once we have assessed that you can comfortably meet all your financial commitments. We are a registered credit provider in terms of the National Credit Act (NCA) and adhere to the strict financial regulations for your protection.

It's simple to apply! Just choose which application process suits your need - visit any Nedbank branch or Call 0860 103 582 or Apply on line

*All loan applications are subject to final credit approval and terms and conditions, including certain income source criteria.

my comments: As a retired bank Manager my answer to you will be NO because I want to play safe. However if you have been introduced by a very good customer of the Bank and u can give guarantee of a good customer - then probably YES.

a perusal of what is given in the website cannot get us an answer. The best option will be for you to apply with all the details and then get a reply from them.

Best wishes source:http://www.nedbank.co.za/website/co…

Rate = 4 (Rated by 1 Council Member)

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