About FNB (First National Bank)
First National Bank is one of South Africa’s "Big Four" banks with a history dating back to 1838. FNB is known for its innovative digital banking and has won multiple awards for its mobile app. Their personal loan offering is competitive, with fast online applications and preferential rates for existing FNB clients.
Loan Details
- Loan amounts: R1,000 – R360,000
- Loan terms: 12 to 72 months (6 years)
- Interest rate: 17.5% – 29% per annum (based on credit score)
- Payout time: Within 24 hours for existing clients
- NCR registration: NCRCP20
Requirements
- South African citizen or permanent resident
- At least 18 years old
- Valid SA ID
- Regular verifiable income
- Good credit history preferred (but not mandatory)
Fees
FNB charges a once-off initiation fee (capped by the NCA), a monthly service fee of up to R69, and a credit life insurance premium. All fees are clearly disclosed in your loan quotation before you accept.
Pros and Cons
Pros
- Trusted Big Four bank with 185+ year history
- Preferential rates for existing FNB customers
- Award-winning mobile app for easy management
- No early settlement penalties
- High loan amounts up to R360,000
Cons
- Higher minimum interest rate than some competitors
- May require more documentation than online-only lenders
- Longer approval process for non-FNB clients
