As an authorised financial service provider, First National Bank strives to promote responsible lending at all times. The institution provides FNB Debt Consolidation Loans to assist individuals having trouble paying their debts.
The FNB Credit Card has custom-made debt relief solutions to assist you to increase monthly cash flow as well as lower your credit card repayments.
As inflation rates go up, we are often left with less disposable income. This may leave us scrambling every month to make payments to our various creditors.
With FNB Debt Consolidation Loans however, you get help to consolidate your credit card debt, short term debt and retail accounts. This leaves you with extra cash at your disposal every month. A wise thing to do would be to use that cash to settle your debts.
How do FNB Debt Consolidation Loans work?
You choose a debt relief solution. By consolidating your debt you merge your multiple debts into a single payment every month. Your various debts are paid on your behalf by FNB and lower interest rates are negotiated for you. This results in you having to pay a lower instalment every month, freeing some of your cash up for other uses.
Calculate how much you would like to consolidate. Work out how much you need to be paid to your creditors on your behalf by FNB.
Choose the repayment period you want. Choose for how long you want to repay the loan. The longer the period, the lower your instalments, but you end up paying more interest overall. The faster you pay it off, the better – this leaves you debt-free, giving you much-needed financial freedom as well as an improved credit rating.
Set up an Auto Payment Solution. This way you are guaranteed to never miss a payment.