FNB Debt Consolidation
Pay off store cards & loans, earn eBucks
FNB makes debt consolidation rewarding - literally. Combine your credit cards, store accounts, and other loans into one payment and earn eBucks along the way.
With rates from 13% and loans up to R300,000, FNB is a strong choice for existing customers looking to simplify their finances while earning rewards.
Quick Facts
Loan Amount
Up to R300k
Based on affordability
Repayment Term
Up to 60 Months
5 years to repay
Interest Rate
From 13%
Variable rate
Key Features
Earn eBucks Rewards
Earn eBucks on your consolidation loan based on your reward level. Use them for groceries, petrol, or cash back.
Pay Off Multiple Debts
Consolidate credit cards, store cards, personal loans, and other unsecured debts into one payment.
Flexible Repayment
Choose a term that works for your budget, from 6 to 60 months. Pay extra anytime to finish sooner.
Quick Digital Application
Apply through the FNB App or Online Banking. Existing customers may have pre-approved offers waiting.
Interest Rates & Fees
| Fee Type | Amount |
|---|---|
| Interest Rate | From 13% - 27.75% p.a. (prime-linked) |
| Initiation Fee | Up to R1,207.50 (once-off) |
| Monthly Service Fee | R69 per month |
| Credit Life Insurance | Included |
Example: Consolidating R70,000 of Debt
Here's how consolidating R70,000 over 48 months at 15% could look:
Consolidation Details
Requirements to Qualify
Basic Requirements
- South African citizen or permanent resident
- 18 years or older
- Permanently employed
- Minimum income of R5,000 per month
- Good credit record
Documents Needed
- Valid SA ID document
- Latest payslip
- 3 months bank statements
- Proof of residence
* FNB customers with pre-approved offers may not need documents
How to Apply
Check the FNB App
Log in and go to Apply > Credit > Personal Loan to see if you have a pre-approved consolidation offer.
List Your Debts
Gather settlement quotes and balances for all debts you want to consolidate.
Choose Your Amount & Term
Select how much you need and over how many months. FNB shows your exact payment and eBucks earnings.
Settle Your Debts
Once funds are in your account, pay off your creditors and close those accounts to avoid temptation.
Pros and Cons
Pros
- Earn eBucks on your loan
- Pre-approved offers for customers
- Large loan amount (R300k)
- Quick digital application
- Credit life insurance included
- Flexible repayment terms
Cons
- Higher minimum income (R5,000)
- Variable rate can increase
- Monthly service fee (R69)
- Shorter max term (60 months)
- Best rates need FNB account
Important Information
- • FNB is a registered credit provider (NCRCP 20).
- • Variable rates change when the Reserve Bank adjusts the repo rate.
- • Close credit accounts after paying them off to avoid rebuilding debt.
- • You have 5 business days to cancel without penalty.
Frequently Asked Questions
How much eBucks will I earn?
eBucks earned depends on your eBucks Rewards level (1-5). Higher levels earn more. The FNB App shows your estimated earnings before you apply.
Does FNB pay my creditors directly?
FNB typically pays the funds into your account, and you settle your creditors. For large consolidations, they may offer to pay creditors directly.
Can I consolidate an FNB credit card?
Yes, you can include FNB credit cards in your consolidation along with debts from other banks and retailers.
What if I need more than 60 months?
FNB's max term is 60 months. If you need longer, consider Capitec (84 months) or Nedbank/Standard Bank (72 months).