FNB Revolving Loan – As the market is filled with people that have diverse financial and personal needs, FNB continuously strives to provide excellent and competitive financial product and services to help cater for its customers’ financial needs. FNB offers a variety of loan products among which is the FNB Revolving Loan. This type of loan gives you access to cash whenever you need it. If you are a FNB customer with an active FNB Cheque Account or Smart Account you can apply for the Revolving Loan. The FNB Revolving Loan is more of a ‘safety net’ of funds readily available for you to use without having to re-apply for the loan each time you need it.
Why choose the FNB Revolving Loan?
The FNB Revolving Loan is the right loan for you if want to get easy access to funds when you need extra finance. Once you apply and qualify you can always re-borrow that loan up to a pre-agreed limit and provided you have repaid at least 15% of that loan. When you want to access the loan you can simply transfer money from your Revolving Loan to your Account using the ATM, Cellphone Banking or Online Banking.
Your monthly repayments remain fixed making it easier for you to do your budgets. You will only pay a minimal monthly fee when you use the loan. Repayment of the loan can be done by easily setting up a monthly debit order. There is also an optional Credit Protection cover for the loan should you want it which helps to pay off your debt on the loan in the event you can no longer pay due to your death, permanent disability, retrenchment or temporary disability.
FNB Revolving Loan Application Requirements
To qualify for a FNB Revolving Loan you must be a FNB customer with an active FNB Cheque Account or Smart Account. If you do not have a FNB Account you can simply open one to qualify for the Revolving Loan. You must be a South African Citizen Above 18 years of age. The FNB Revolving loan will be given according to your affordability and credit scoring assessment.
Documents needed when you apply for the FNB Revolving Loan include your Green bar-coded South African ID/new ID card, your latest 3 months statements or pay slips, your latest proof of residence not older than 3 months, spousal consent (if married in community of property).
FNB Revolving Loan Contact Details
To find out more information on FNB Revolving Loans feel free to visit their website www.fnb.co.za or any of their FNB branches near you.