First National Bank is a popular and revered banking institution in South Africa. It offers some of the best products and services in the banking industry, some of which includes the highly competitive loan packages and added extra benefits, such as insurance and disability coverage. Interest rates are reasonable, resulting in affordable loans options.
FNB Personal Loans:
Repayments and interest charged on this loan is calculated according to individual situations. Starting at a minimum of R1000, these loans come with fixed interest- which can be adjusted depending on individual needs and income. The maximum loan amount on this service is R150 000. To qualify, individuals need to have had a bank account for at least 3 months. They also need to have more than R750 left after paying all monthly bills. Clients are given a flexible repayment period of 6 months to 5 years to repay. Clients are also able to consolidate their loans using this facility.
This facility allows clients to withdraw money that exceeds the actual money in their bank account. As the overdraft is short-term, clients need to arrange before-hand with FNB in respects to the overdraft and interest rates. Up to R30 000 may be allocated to a client, following verification of bank statements for the past 6 months.
Repayable within 31 days, the loan amount is available immediately, with no need to fill out unnecessary forms. There is no interest payable if the loan is repaid within 31 days.
This facility gives clients access to cash they have already repaid on the loan. There is no set term, and it’s available for as long as one might need it.
For more about FNB’s loan services, visit www.fnb.co.za.