SA

How to apply for the FNB Personal Loan?

Learn how to apply for an FNB Personal Loan and borrow up to R300 000 to repay within 60 months with no prepayment penalties.

Apply for an FNB Personal Loan: get up to R300 000 and repay within 60 months

Keep reading and learn how to apply for a loan! Source: The Mister Finance.
Keep reading and learn how to apply for a loan! Source: The Mister Finance.

If you need to cover an unplanned or planned situation, no matter what it is, learn how simple it is to apply for an FNB Personal Loan.

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Credit Card

FNB Personal Loan

flexible terms low rates

FNB Personal Loan offers large amounts of money at competitive and fixed rates.

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Before moving forward, check out the key points about this type of loan, though.

In the first place, it offers large amounts of up to R300 000. Also, it provides you with flexible repayments and terms of up to 60 months. 

In the second place, you can access personalized and fixed rates depending on the term you assign for.

Moreover, you will be covered with Credit Insurance.

Lastly, there are no prepayment penalties, and if you keep your repayment plan in good standing throughout the year, you will get relief in January.

So, take a minute to look at how easy it is to apply for an FNB Personal Loan.

Online Application Process

Apply online - it's easy and will take only a few minutes. Source: Canva.
Apply online – it’s easy and will take only a few minutes. Source: Canva.

Before proceeding with your application, you need to meet certain requirements, as follows:

  • Be at least 18 years old;
  • Be a permanent SA resident;
  • Be employed or self-employed;
  • Your salary needs to be paid into a bank account directly.

Also, some documents are required when you apply for a loan, including identification, proof of income, and proof of residence.

Then, you can apply through the official website by providing your personal details.

Application Process using the app

If you have an FNB ban account, then you can apply for a loan using the mobile app. Furthermore, you can call 087 730 5596 or contact your Private Advisor.

FNB Personal Loan vs. Absa Personal Loan

On the other hand, you can access a larger amount of money through Absa.

Even though both banks are reliable and offer great credit solutions, you can compare both right here!

To sum up, Absa Personal Loan offers up to R350 000 with terms of up to 84 months and personalized rates starting at 13,75%.

Additionally, you will be covered through Credit Protection.

Basically, both options are excellent. The differences are small, and you will definitely get great credit solutions with them. 

So, in summary, it is up to your budget, needs, and goals!

FNB LoansAbsa Personal Loan
APRShort term: up to 5% per month (max)Long term: from 16.5% to 28.25% (based on the current prime rate)Personalized (minimum 13,75%)
Loan PurposePersonal (larger unplanned or planned expenses)Personal (home improvement, medical expenses, and more)
Loan AmountsUp to R300 000Up to R350 000
Credit NeededNot disclosedNot disclosed
TermsUp to 60 monthsUp to 84 months
Origination FeeNot disclosedNot disclosed
Late FeeNot disclosedNot disclosed
Early Payoff PenaltyNoneNot disclosed

Then, find out how to apply for an Absa Personal Loan.

absa personal loan

How to apply for the Absa Personal Loan?

Learn how simple it is to apply for an Absa Personal Loan and borrow up to R350 000 with terms of up to 84 months and flexible repayments.

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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