FNB Smart Bond is a financial service that is tailor-made for individuals earning between R3500 and R25 000. Buying a home is a major investment for many people all over the world. Being able to afford this is a desire of many individuals. Many people rely on home loans to be able to afford the finance required.
First National Bank (FNB) has created a solution specifically designed to assist low to middle-income earners in South Africa with finance for purchasing property.
Through the FNB Smart Bond, individuals are able to buy their dream homes.
Tell me more about FNB Smart Bond?
This is finance made available to individuals who aim to buy a new or existing house or those who wish to renovate a property.
100% bond finance is available, with no deposit required.
Potential home owners are given the option of fixing the interest rate for a 5 year period, while the interest rate charged is determined by an individual’s risk profile.
The FNB Smart Bond is offered with a monthly admin fee of R57 per month and applicants are given an opportunity to buy a house within a network of developments.
Applying for the FNB Smart Bond is simple and can be done by completing an online application form via www.fnb.co.za
You can get access to additional funds by applying for a Smart Bond Re-advance or Smart Bond Further Bond.
What are the qualifying criteria?
- Be a South African citizen
- Be employed for a minimum of 12 months in your current or previous employment
- Be above the age of 18 years
- Have a salary that is paid into your bank account by your employer
Which documents do you need to apply?
- Latest payslip
- Latest 3 months’ bank statements
- Property details
- Valid proof of identity
To contact FNB, call: 087 736 6000