FNB places high value on helping clients with any financial needs. The bank’s tailor-made products and services provide clients with solutions to this end. Clients are able to select from a range of financial facilities.
Revolving Loans:
These loans enable clients to have continuous access to cash when they have paid back the initial 15% of the loan. Available to Cheque account holders, this facility gives clients the benefit of fixed instalments. This loan comes with the option of a debt protection plan, to cover debt in the event of death or disability.
Temporary ATM Loans:
These are essentially payday loans, so clients are expected to repay them within 31 days. Available to FNB account holders with good credit records, they are available for application at any FNB ATM. If they are repaid within the prescribed 31 days, they are interest free. Once approved, the money is immediately transferred into the client’s account.
Business Loan:
This facility is designed to help businesses to flourish. Finance of up to R300 000 is available by simply filling in an application form and providing FNB with the business’ financial documents which include Balance Sheets and Income Statements. The repayment period amounts to 5 years.
Business Overdraft:
Depending on a pre-agreed limit, business owners can access funds that exceed their bank balance. These loans may be useful when businesses are faced with unexpected expenses.
Vehicle and Asset Finance:
These loans are for financing industrial equipment costs.
Student Loans:
These loans are financing tertiary expenses and are available from R4000 up to R15 000. Students can repay the loan amount after they graduate. Requirements for this loan include proof of residence, the sponsor’s I.D copy, 3 months’ bank statements and payslips for the last 6 months.
Call 0861 404 040 or visit www.fnb.co.za.
