Don’t have your Nedbank ID yet?
Nedbank ID single sign-on gives you full digital access to Nedbank’s banking and lifestyle products and services on the Money app or Online Banking.
Log in
Log in to Online Banking or another one of our secured services.
Get in touch
Find us
- Login & Register
- Online Banking
- Online Share Trading
- NedFleet
- Nedgroup Investments
- Register for Nedbank ID
- Packages
- Private Bundle
- Private One
- Private Pay-as-you-use
- Private Bundle | Young
- Private One | Young
- Non-resident Banking
- Medical Professionals
- Explore Packages
- Private Bundle
- Private Bundle Account
- Private Bundle Account
- Private One
- Private One Account
- Private One Account
- Private Pay-as-you-use
- Private Pay-as-you-use Account
- Private Pay-as-you-use Account
- Private Bundle | Young
- Private Bundle Young Account
- Private Bundle Young Account
- Private One | Young
- Private One Young Account
- Private One Young Account
- Non-resident Banking
- Medical Professionals
- Borrow
- Explore Borrow
- Invest with us
- Tailored investments
- Nedgroup Investments
- Stockbroking
- Insure
- Explore Insure
- Travel perks
- Explore Travel perks
- Resources
- Explore Resources
- Contact
- Explore Contact
Enjoy a private-banking experience tailored for medical professionals
Tailored financing
Manage your assets smartly with tailored financing for your home and vehicles.
Investment
Access exclusive investment opportunities through our investment specialists.
Round-the-clock assistance
Do your banking when it suits you through a choice of world-class channels.
Travel benefits
Get local and international travel benefits and all the rewards and lifestyle perks you deserve.
Relationship banker
We offer you a dedicated relationship banker as your primary contact, backed by a team of specialists with an in-depth understanding of the financial complexities of the medical profession.
Private 24/7 service desk
Contact Private Clients medical professional consultants on 010 214 7820 or request a call back for account maintenance and service-related requests.
Access value-added services for running your practice
Finance for medical equipment
Finance your medical equipment or premises, as well as your ongoing cash flow needs.
Medical practice account
Manage the daily transactional needs of your practice with a medical practice account.
Investments
Maximise returns and mitigate risks with an array of investment and insurance solutions.
Zero monthly fees for final-year medical students
Get fast-tracked into Private Clients and enjoy all the rewards and lifestyle benefits you deserve for less. Final-year students pay zero monthly service fees in 2024.
Interns
- Get 50% off your monthly service fees until you turn 30.
- Get R1 000 cash back if you take up vehicle finance between January and June 2024.
- See if you qualify for a 110% home loan (first-time homebuyers only).
Exclusive point-of-sale (POS) offer for medical professionals
Whether you are starting a practice or investing in new premises or equipment, we have a wealth of medical industry expertise to support you. From setting up a medical practice account and financing your medical equipment to accessing a wealth expert for your investment or insurance needs, we are here to help you with all your medical practice needs.
In-store finance for medical professionals
If you previously accepted only cash and card payments, you can now offer patients a new, secure and convenient payment option using NedLink POS devices. Nedbank in-store finance is ideal for practices offering high-value goods and services.
How it works
- With Nedbank in-store finance your patients can apply for finance to pay for goods or services at your medical practice by using your NedLink POS device or your Nedbank e-commerce solution.
- It is a quick and easy digital process with no administrative or documentation overheads.
- You initiate the finance application on the patient's behalf by entering their ID number, cellphone number and financial service provider (FSP) name on the device.
- The FSP will then call the patient to finalise the lending agreement. Once the agreement has been finalised, you enter the patient's finance collection code on the NedLink device to complete the purchase, and will receive payment of the full amount within 48 hours.
- Verification and communication methods are secure and comply with the requirements of the National Credit Act.
- You can access the online management portal to view all in-store finance transactions, as well as settlement totals for successful applications.
Benefits
- Nedbank is not the only bank offering in-store finance. Several other approved South African FSPs offer in-house finance, including MediFin, an FSP specialising in the medical industry.
- A key focus of this new feature is to achieve high finance approval rates with quick turnaround times.
How much does it cost?
In-store finance is available at the following cost:
- A monthly fee of R250 for every NedLink device.
- A disbursement commission percentage equal to the commission percentage set out in your merchant agreement, but not less than 1,9%, which is a fee charged for every loan paid to you.
- All fees exclude VAT.
