How to apply for FNB Bank Personal Loan
Your step-by-step guide on how to apply for a FNB Bank Personal Loan and get the funds that will boost your life.
Applying for a FNB Bank personal loan couldn’t be easier, and the whole process can be done online, from the comfort of your home.
Even better, by the end of this application, you can borrow up to R300.000 on an unsecured personal loan and still have five years to repay it.
Check out below all the requirements and the step-by-step guide on how to apply for a FNB Bank personal loan.
Who can apply?
The requirements for an application are really straight-forward, and you just need to meet a very standard set of criteria.
This criteria includes being a South African citizen or permanent resident, having at least 18 years old, and having a valid South African ID or Smart Card.
Besides those general requirements, to qualify for a personal loan with FNB Bank, you will need to have a minimum monthly income of R3,000 and a good credit score.
FNB will also assess your debt-to-income ratio to determine whether they can afford to repay the loan. The bank is usually looking for a 40% or lower value.
How can I apply?
Now that you comply with all the requirements, you can choose between submitting your application online or in person at one of the bank’s branches.
If you decide to apply online, gather your ID, proof of address, and proof of income, access FNB Bank’s website, and follow the steps below:
- Visit FNB Bank’s website.
- Find the Personal Loans page.
- Click on “Apply Now.”
- Enter your personal information.
- Provide information about the loan you are requesting.
- Upload any required documents.
- Review the loan terms and conditions and “submit” the loan request to complete your application.
Once your application has been submitted, FNB Bank will review your information and get back to you with an answer in a few business days.
If you get the loan approved, the bank will send a letter outlining the loan terms and conditions, including the interest rate, repayment term, and any fees associated.
Didn’t you like FNB? Don’t worry, you can still get R350,000 with African Bank!
Another flexible option, African Bank’s personal loans, can also be used for a variety of purposes, like debt payments, education expenses, or home renovations.
With African Bank, you can borrow up to R350,000 and still enjoy one of the most competitive interest rates, with rates starting as low as 12.9%.
And even with this rate, you are learning about an unsecured personal loan with a repayment period that can be anywhere from 3 to 84 months.
Why go with African Bank?
Because of its outstanding advantages, which go well beyond the low interest rates and flexible term.
For starters, clients with a history with African Bank can get their loan approval and funding on the same day as their application.
Secondly, with African Bank, there are no early settlement fees, so you can pay off your loan early without incurring any additional costs.
You can also make full use of MyWORLD, their loyalty program that allows you to link your personal loan account with other accounts, such as savings or transactional accounts.
Other features of an African Bank personal loan include access to free credit reports, optional credit protection insurance, online account management, and payment options.
How can I apply?
You can apply for an African Bank personal loan from the comfort of your home via the internet, by phone, or in person at any one of the bank’s branches.
To check out all the requirements and a full guide for your application, tap the green button below.