Existing FNB customers have access to a temporary loan up to R10,000.00 for personal spending.
It's a payday loan designed to help manage your unexpected finances or carry you for the remainder of the month, while you wait for your salary.
Want to know the best part?
Approval for the FNB Temporary Loans is instant, and you'll also have immediate access to the funds to spend on whatever you want.
Let's get started.
So you have an emergency or unplanned expense during the month and not sure where you'll get the money from.
The FNB temporary loan offers you access to cash from R100 up to R10,000.00 payable on your next salary date.
The best part?
No interest will be charged for the temporary loan. And one affordable initiation fee will be the only cost of your payday loan.
You'll get the money instantly, deposited directly into your FNB bank account. And the bank will collect the money from your deposits on the scheduled day, so you don't worry about missing payments.
How to Qualify for the Temporary Loan?
The first requirement is obvious: you must be an existing FNB Customer with active Easy or Cheque banking accounts.
While you can qualify for a temporary loan amount up to R10,000.00, the actual amount will be determined by your income versus expenses assessment.
You must be permanently employed with an income over R3,000.00 per month.
So you must have a good credit score rating, to increase your chances of qualifying for the FNB payday loan.
If you have a great relationship with FNB, then you can easily qualify for the maximum temporary loan amount because they know you'll repay the amount in full by month-end.
How to Apply for the Loan?
You can apply for the temporary loan using the available FNB banking services such as the USSD, Internet Banking via the website or mobile app, and lastly, at the branch.
Obviously, when you urgently need access to the money, it's always easier and quicker to apply with internet banking or the mobile app.
You can easily get pre-approved on the go, accept the offer and get your money right-way.
What if You've Missed Payments
Remember, the loan is offered interest-free if you'll repay it within 30 days.
However, should you fail to meet your end of the agreement, your temporary loan will accrue interest and a penalty fee.
So always ensure you have enough funds for the bank to collect their money back, to avoid affecting your credit score negatively and the relationship with FNB.