The FNB Overdraft Loan is a temporary credit facility that can be ideal for covering unforeseen expenses in order to function as a back-up. Many of us have faced financial challenges that have left us wondering how we'd be able to purchase financial emergencies. By having use of an FNB Overdraft Loan you are able to meet financial needs even if your bank account balance is low.
The FNB Overdraft Loan is really a temporary credit facility designed to assist individuals when they are facing financial challenges. It is a reserve of funds that are made available when you have run out of funds inside your account.
To qualify, customers should have an active FNB cheque account.
What else you have to apply:
- Provide a valid South African ID
- Provide evidence of residence
- Provide spousal consent if married in Community of Property
- Provide latest 3 months' payslips
How you are able to benefit from an FNB Overdraft Loan:
You get to benefit from immediate availability upon approval. As soon as you've been approved, you have access to the additional funds.
No minimum repayments. You are charged for that FNB Overdraft Loan when you make use of it.
It's a fluctuating facility, which reduces with monthly deposits.
You obtain a personalised rate of interest according to your credit profile.
You are charged a monthly fee only when more than R200 of the facility can be used.
A Debt Protection Plan is offered to assist you and your loved ones to cover debt in the event of your death or permanent disability.
The FNB Overdraft Loan provides financial flexibility as it allows individuals or businesses to satisfy their financial needs despite having exhaust funds. The facility is available to both individuals and businesses.
