FNB Loans are ideal for getting help when facing financial crises. First National Bank has built a good reputation over the years in the South African market. FNB Loans are offered in a variety of ways.
These are short term loans which are available immediately. They are available to FNB Smart or cheque account holders. There are no applications to complete and the money is credited into your account immediately once you qualify. Any funds deposited into your account thereafter will go straight towards repayment.
Clients qualify for this loan after repaying at least 15% of their previous loan. Clients are able to access more funds on a revolving basis. Repayments are fixed, so clients know exactly how much they’ll be expected to repay every month.
FNB Business loans are ideal for business expansion and for getting access to additional capital for the business. The application process is easy and applicants are required to provide signed financial documents such as annual financial statements. Loans of up to R300 000 are provided with repayments ranging from 12 to 60 months.
If you’ve run out of funds mid-month, it may be an ideal option to apply for an FNB Overdraft. These are essentially short term loans. The overdraft allows clients to borrow money that exceeds the actual balance in your account. It’s highly ideal for paying for unforeseen circumstances. Repayments are based on funds borrowed and a monthly fee is charged only if more than R200 is used on the facility.
What are the qualifying criteria?
- Be above the age of 18 years
- Be a permanent South African resident
- Be permanently or self-employed
- Have a salary paid directly into an active South African bank account
- Provide proof of residence
- Provide a recent payslip
- Provide a valid South African I.D.
A debt protection plan is offered with all loans, to settle the loan balance in the event of your death, retrenchment, critical illness or disability.
Contact FNB by calling: 087 575 9404
Visit the website here: www.fnb.co.za