FNB Personal Loan
Earn eBucks rewards on your personal loan
First National Bank (FNB) offers personal loans with a unique twist - you can earn eBucks rewards on your loan and even take a payment break in January.
With rates from 12.5% and loan amounts up to R300,000, FNB is a popular choice for existing FNB customers looking to consolidate debt or finance large purchases.
Quick Facts
Loan Amount
R2k - R300k
Based on affordability
Repayment Term
6 - 60 Months
Up to 5 years
Interest Rate
From 12.5%
Variable rate linked to prime
Key Features
eBucks Rewards
Earn eBucks on your personal loan based on your eBucks Rewards level. Use them to pay for groceries, petrol, or airtime.
January Payment Break
Skip your January payment when money is tight after December holidays. Interest still accrues, but it provides cash flow relief.
Debt Consolidation
Combine multiple debts (store cards, credit cards, other loans) into one lower monthly payment.
Quick Digital Application
Apply through the FNB App or Online Banking. Existing customers can get pre-approved offers instantly.
Interest Rates & Fees
| Fee Type | Amount |
|---|---|
| Interest Rate | From 12.5% - 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 (compulsory) |
* FNB uses variable interest rates linked to prime. Your rate depends on your credit profile and eBucks level.
Example: What Will You Pay?
Here's an example of a R40,000 loan over 48 months at 15% interest:
Loan Breakdown
* Use FNB's online calculator for an accurate quote based on your profile.
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 applying via app may not need to upload documents
How to Apply
FNB App (Fastest)
Log into the FNB App, go to "Apply" > "Credit" > "Personal Loan". See your pre-approved amount instantly.
Online Banking
Log into FNB Online Banking and navigate to Borrow > Personal Loan.
Branch Visit
Visit any FNB branch with your documents. A consultant will assist with your application.
Phone
Call 087 575 9405 to apply over the phone.
Pros and Cons
Pros
- Earn eBucks rewards on your loan
- January payment break option
- Large loan amounts up to R300,000
- Quick approval for FNB customers
- Good debt consolidation option
- Credit life insurance included
Cons
- Higher minimum income requirement (R5,000)
- Variable rate can increase with prime
- Monthly service fee of R69
- Best rates require FNB account & good credit
- January break adds to total interest
Important Information
- • FNB is a registered credit provider (NCRCP 20).
- • Variable rates move with the prime lending rate.
- • The January break still accrues interest - it's not a free skip.
- • You have 5 business days to cancel without penalty.
Frequently Asked Questions
Do I need an FNB account?
While non-FNB customers can apply, existing FNB customers get faster approval and better rates. You'll likely need to open an FNB account to receive the loan.
How does the January break work?
You can choose to skip your January payment when you apply. The interest is added to your loan, so you'll pay slightly more overall, but it helps with cash flow after December.
How much eBucks can I earn?
eBucks earned depends on your eBucks Rewards level (1-5). Higher levels earn more. Use the FNB App to check your current level and estimated rewards.
Can I pay off early?
Yes, you can settle your loan early. FNB will calculate reduced interest for early settlement. Contact them for a settlement quote.