FNB Loans are financial solutions tailored to cater to individual needs. There are different loan packages offered which gives individuals an opportunity of getting the best out of these solutions for their needs. Whether you need a loan to pay for an unexpected medical bill or repairs on your car, you can rely on FNB Loans to see you through it.
With this option, you get short term loans for when you don’t have funds in your account. You have the flexibility to address pressing financial situations by choosing the overdraft limit you need to have. If you qualify, this facility is free to add to your FNB account. If you use R200 or more, you will be charged a monthly fee. Simply put – you don’t pay for it if you don’t use it.
The FNB Revolving Loan gives you access to cash that you have already paid back to FNB on a previous loan. This usually amounts to 15% of the repayment that is required to be paid in order to be able to re-borrow from FNB again. There is no set term for this loan, so you decide when you want to pay it back. Charges for this facility stand at R40 a month and there are no extra charges unless you use it.
FNB Temporary Loan:
These are short term loan solutions offering individuals instant access to cash once approved. When applying for this loan, you are given an initiation fee that is based on your level of risk. So if you have a good credit rating you can expect to be charged lower fees. An added benefit of this loan is that if you repay it within 31 days, you won’t be charged any interest at all.