Do not count on Nedbank when it matters.

Nedbank Personal Loans department showed me flames. I have been a client of Nedbank since 2000 and have been receiving my salary and all related banking services from them. I have even a credit card with them. I hit a financial setback in 2020 due to divorce. As such, I needed a loan to supplement my day-to-day costs. I was granted a loan (at ridiculous rates despite my credit rating). In March 2021 I app**** for an additional loan while I am trying to liquidate my assets. That was declined on the basis that I am high risk. I was advised to wait for a month. I tried again in May for the additional loan. The same response was given. In the meantime, I have an emergency. As such I am planning to exit the bank as soon as I have figured out the alternative. Clearly, loyalty is not for all of us. I am actively hunting for an alternative to replace all my Nedbank products.