The FNB Personal Loan offers a flexible solution for South Africans looking to borrow up to R360,000, with the convenience of fixed repayments and no penalties for early settlement.

This loan comes with personalised rates and the option to consolidate debt through their Credit Switch feature.

The FNB Personal Loan is a credit product designed to support individuals with both planned and unplanned financial needs.

It offers personalised interest rates, based on your credit profile, and ensures fixed monthly payments over a term of up to six years.

Applicants can access funds in minutes, whether online or through the FNB App, with the convenience of a Take-A-Break option every January if the account is up to date.

Additional features include credit life insurance, flexible top-ups, and no penalty fees for early settlement.

For those managing multiple debts, FNB’s Credit Switch allows you to consolidate loans into one manageable monthly payment.

The FNB Personal Loan is best suited for individuals looking for a reliable way to manage large or unexpected expenses.

It caters to a broad range of financial needs, from home upgrades to medical emergencies.

Here are the ideal profiles:

FNB Personal Loan stands out in the competitive personal loan space by offering features that genuinely cater to customer needs.

Yes, FNB is one of South Africa’s most reputable and regulated financial institutions.

The personal loan offering complies with the National Credit Act (NCA), ensuring transparent interest rates and responsible lending practices.

Borrowers are protected through credit life insurance, which covers the loan in the event of death, disability, or retrenchment.

FNB provides clear documentation, no hidden costs, and robust customer support through its app, website, and contact centre.

Digital channels are secured with multi-factor authentication and end-to-end encryption, ensuring your personal information remains safe.

Additionally, the settlement process is transparent, and borrowers can request an updated quote at any time.

The FNB Personal Loan is a flexible financial tool, allowing customers to fund a wide range of personal expenses.

Here are a few real-life scenarios:

Applying for an FNB Personal Loan can be done quickly through various digital and direct channels. Here’s a step-by-step breakdown:

1. Online via the FNB website

Visit the official FNB Personal Loan page and start the application by entering your personal details and income information.

2. Through the FNB App

Log in and navigate to “Loans” to begin your application directly from your mobile device.

3. Cellphone Banking

Dial *120*321# and follow the prompts to apply without data.

4. Speak to a Private Advisor

If you are an FNB Private Banking client, contact your advisor for tailored support.

5. Call the loan centre

Reach out to the FNB team at 087 730 5596 for any questions or to apply over the phone.

To qualify for the FNB Personal Loan, applicants must meet a few standard eligibility criteria.

You need to be at least 18 years old and under 70 years at the time of application.

A valid South African ID is required, along with proof of income.

This could be your latest payslip, or, if self-employed, your ITA34 and proof of any additional income like rental or dividends.

Applicants also need to submit bank statements for the last 3 months, particularly if they’re not banking with FNB.

Being self-employed does not disqualify you, but consistent deposits and transparent financial records are important to strengthen your application.

While the FNB Personal Loan offers flexible terms, customised rates, and a great digital experience, some customers may prefer an alternative with simpler fee structures or more transparent fixed interest options.

In that case, the Capitec Personal Loan is worth exploring.

It offers loans of up to R500,000, fixed monthly repayments, and access through their app or in-branch consultants.

Capitec also gives users access to their credit health report, helping them understand how much they qualify for even before applying.

Check out our full article on the Capitec Personal Loan to compare features and see which solution aligns best with your financial goals.