NBI COVID-19 Pandemic Response

Nedbank has expanded its relief measures and assistance for financially stressed clients to assist with overdrafts, home loans and certain waivers to merchants during the Covid-19 pandemic.

The bank said that from April – June 2020, it will be offering clients that have an overdraft facility a temporary rebate. This rebate will be equivalent to a 100 bps or 1% interest rate reduction on the utilisation of their overdraft facility.

“Clients won’t need to call us to do this,” said Anton De Wet, chief client officer: Retail and Business Banking.

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