FNB Bank Loans Review | First National Bank Africa

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FNB Bank Loans Review –  First National Bank offers numerous services and products.

FNB Bank Loans Review

This loans including home loans, personal loans, revolving loans, temporary loans, student loans and vehicle loans with affordable rates and reasonable terms.

First National Bank Loan Types

FNB Home Loans – Finances the total purchase price of your house for properties of less than R750,000. Charging an interest due to your individual credit risk profile and additional fees including monthly admin fee (R69 including VAT) and initiation fee.

You are not required to put down a deposit and you will be given a chance to fix the interest rate for up to 5 years. You need to meet the eligibility criteria (earning at least R3,500 monthly, being a South African citizen. And being permanently or formally employed for 12 months) and submit the necessary documentation including:

  • Latest payslips (last 3 months)
  • Latest bank statements (last 3 months)
  • Valid South African identity or smart ID card
  • Marriage certificate (if applicable)
  • Offer to purchase

FNB Personal Loans

ou can borrow from R1,00Y0 up to R300,000  to cover your expenses with a loan term of up to 60 months. Charges and interest rates are upon your credit profile.

Since you will be charged a fixed interest rate, your repayment amount will remain the same each month. This protects you from interest hikes due to changing market conditions. In addition, if you achieve to make your monthly repayments on time and in full for your loans with a 6 month term or more, you will be allowed to get a payment break every January.

Also, if you want to make early repayments, you will not be charged any penalty fees on early settlement. You can use your personal loan for many purposes including debt consolidation. Lastly, you have a chance to top-up your existing loan to receive additional funds without being charged an initiation fee.

FNB Bank Student Loans Review

If you are 18 years old or older and need loan in South Africa, a student registered with an SA tertiary institution, you can apply for a Student Loan. As long as your principal debtor earns at least R6,000 each month.

As a student, you can borrow from R4,000 to R80,000 for each year to cover your educational expenses including tuition fees, books, study materials, equipment and accommodation.

FNB Bank Temporary Loans Review

When you have an urgent need for cash, you can receive the amount you need immediately to repay within 31 days. The amount you can borrow depends on your credit profile and you can use that loan for anything. You should be an existing FB customer with an active FNB account and pass affordability assessment.

There is no documents required and you can apply online which means you do not need to spend hours or go through long paperwork.