To apply for an FNB Personal Loan, you must: Be at least 18 years old; Be employed or self-employed; Have a valid South African ID; Proof of residence and income. Also, you need to provide the last three months of bank statements. Other documents will be asked for, as well. Additionally, it is important to maintain a healthy credit score to apply for a loan.

After applying for a loan at FNB, and if your documentation and information provided are complete, your application can be approved on the very same day. However, in case the bank requires more information about you, the approval can take more days.

Fortunately, FNB doesn’t charge any prepayment penalty fees. So you can settle your loan earlier with no extra cost. However, ensure you get an updated settlement quote before proceeding with it.

Before opening another application, find out the reason why your first application was declined. Then, you can work on the factor that made your application be declined in the first place. After that, you can apply again. But, it is important to mention that your credit will be affected each time you apply for credit.