Do you want to save big on your electricity bills while also going green? Consider financing a solar-energy solution through your home loan! It’s a smart and easy way to cut down on your monthly expenses. By installing solar panels, you can significantly reduce or even wipe out your electricity bills altogether. Plus, with the savings you make, you can easily cover the new monthly loan payments. It’s a win-win for your wallet and the environment!


Plan Smarter with Nedbank Solar finance

Are you ready to go green with solar energy? Nedbank Solar Finance will cover you. But that’s not all! Nedbank has selected a range of approved suppliers, each vetted and accredited by the South African Photovoltaic Industry Association (SAPVIA) for quality assurance. Before taking the plunge, get a quote from one of these trusted suppliers and let Nedbank Solar power up your home sustainably!”

Requirements for Applying for Nedbank Solar finance

  • Be a South African legal resident
  • Proof of address (a utility bill that’s not older than three months)
  • Proof of income, not older than three months
  • Stamped bank statements for the past three months
  • An installation quote or an invoice from the supplier

Why Nedbank Solar is so Important and Why People Choose

Nedbank Solar is more than just a way to power your home. It’s a smart investment that keeps giving back. By adding solar energy financing to your Nedbank home loan, you not only save money but also contribute to a sustainable future. Imagine the joy of seeing your electricity bills shrink, knowing you’re making a difference for the planet. With options like applying for a new home loan or tapping into your NedRevolve facility, Nedbank makes it easy to embrace solar energy. Plus, with readvance or further loan options, you can customize your solution to fit your needs perfectly. And if you’re already with Nedbank, switching your loan gives you instant access to our solar solutions, making it a seamless transition to a brighter, greener future.


How To Apply For Nedbank Solar Finance Loan

You can apply in any of these easy ways

  1. Fill the application form
  2. This application will take you about 3 minutes.
  3. You can save it at any point and continue later.
  4.  All fields are mandatory unless indicated as optional.
  • Find a Nedbank branch near your location.

Pros and Cons of Nedbank Solar finance


  • Competitive Interest Rates: Save on interest costs with competitive rates.
  • Flexible Loan Terms: Choose repayment plans that suit your budget.
  • Fast Approval Process: Get closer to solar installation quickly with streamlined approvals.
  • Secured and Unsecured Options: Choose between secured and unsecured loans.
  • Tax Benefits: Enjoy potential tax deductions on interest payments.
  • No Upfront Payment: Cover installation costs without a down payment.
  • Local Support: Benefit from personalised service as a local bank customer.
  • Interest Rate Stability: Secure fixed interest rates for payment stability.
  • Risk Management: Tap into Nedbank’s expertise in renewable energy financing.
  • Building Credit: Improve credit score through timely loan repayments.
  • Insurance Option: Protect against unforeseen events with loan insurance. Nedbank offers a renewable energy insurance of R99 per month.


  • Interest payments add to the overall cost, requiring careful consideration of loan conditions.
  • Eligibility may depend on at least a good credit score, potentially posing a hurdle for some applicants.
  • Failing to repay the loan can have serious repercussions, so understanding loan terms is crucial.


Types of loans Nedbank Offers

Get a Personal Loan You Can Afford

  • Loan Amount: Borrow from R2,000 to R300,000.
  • Flexible Repayment Terms: Enjoy repayment terms tailored to your needs.
  • Personalized Interest Rates: Benefit from interest rates customized to suit you.

Get a Home to Call Your Own

  • Guidance for Home Buyers: Whether buying or building, we’re here to assist every step of the way.
  • Exclusive Offer: Apply for another home loan and receive up to 0.5% off your interest rate, helping you save on monthly repayments.
  • Expert Advice: Receive guidance on finding the right property or sealing the deal on your dream home.

Go Further with a Nedbank Student Loan

  • Comprehensive Coverage: Cover your fees, books, accommodation, and more with our student loan.
  • Peace of Mind: Focus on your studies while we take care of your financial needs.
  • Supportive Financing: Enjoy the flexibility and support you need to succeed in your academic journey.

Car Finance/Loan

  • Versatile Financing: Whether new or used, from a dealership or private seller, we’ve got you covered.
  • Cashback Offer: Open a MiGoals Plus or MiGoals Premium account, pay your MFC vehicle installment from it, and receive R200 cash back every month.
  • Convenient Financing: Simplify your car purchase with our hassle-free finance options.

Fees & Taxes Nedbank Solar finance

Interest Income Tax: Interest earned on savings or investments might be subject to income tax.

Value-Added Tax (VAT): VAT may apply to certain goods and services related to solar installation.

Capital Gains Tax: If you sell your property with a solar system installed, capital gains tax might apply to the increased value.

Nedbank Customer service

Call the Nedbank Contact Centre on 0800 555 111

Call the MFC Contact Centre on 084 196 4473

The Nedbank Contact Centre is toll-free and available 24/7.

Nedbank Apps