Rating based on 11 reviews

FNB Debt Consolidation

  • Debt consolidation up to R300,000
  • Low-interest starting from 10.25%
  • Repayment up to 60 months

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Author FNB. Screenshot of FNB website.
[Accessed January 31, 2023]

About FNB

As South Africa’s favourite bank, you can rest assured that FNB will exceed your expectations and help move toward your financial goals.

Whether it’s their low-rate personal loans, eBucks rewards program, award-winning accounts, or world-class customer service, FNB delivers on its promises.

What are you waiting for?

FNB has always tried to position itself as the bank that has more to offer. Not only do they have one of the widest selections of financial products and services on the market but they offer excellent value for money.

The majority of their customers, whether young or old, would recommend their services to family and friends.

This is simply because FNB’s consultants will always go out of their way to deliver a service that not only meets your needs but exceeds your expectations.

A bank with a long and vibrant history

FNB is the oldest bank in the country. Not only does this history add value and richness to their story but it influences their company goals and values.

Their archives are a prized treasure for the country, and in particular for scholars.

Looking for a little help with your debt?

FNB offers an affordable personal loan that can be used to consolidate debt.

This loan is flexible in both loan amount are repayment terms and can be accessed by anyone who needs a little breathing room when it comes to their debt.

If you have a clothing account, a furniture account, and two maxed-out credit cards, this is an option that you may want to look into. Other personal loans and even vehicle finance may be consolidated.

FNB Services

FNB offers a personal loan of up to R300,000 with up to 60 months to repay.

FNB offers a large personal loan, which ensures that customers can consolidate large debts as well as small ones. If you’re struggling to manage your debt or simply don’t have enough money to maintain your debts, consolidation may be the answer you’re looking for.

Who should consolidate with FNB?

Just about anyone who meets FNB’s lending criteria can apply to consolidate their debt using a personal loan. That said, those with three or more high-interest debts such as credit card balances and store accounts stand to benefit the most from consolidation.

This option not only rolls all your existing debts into one, larger loan but will make it easier for you to manage your debts and may save you on interest in the long run.

With up to 60 months to repay your loan, you can reduce your monthly instalments significantly and give yourself some much-deserved peace of mind.

Be aware though that, doing this will generally drive up the cost of debt. To make the best decision it’s important to consider what you can afford to pay on a monthly basis carefully.

Using FNB’s loan calculators

You can make use of FNB’s loan calculators to work out exactly how much you can afford to lend, and what it’ll cost you monthly as well as overall.

Ready to switch?

FNB will actually help you switch over. This means that they’ll walk you through the process of consolidating your debt into a new personal loan, opening your new account, and moving over important debit orders.

That’s one of the best things about this bank, they don’t just try to get you to open an account and drop you, and they strive to be there with you every step of the way.

FNB – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate from 10.25%
  • Loan Amount up to R300,000
  • Repayment 1 month to 60 months

Benefits of FNB

  • Debt consolidation loans up to R300,000
  • Manage your debt
  • Repayment up to 60 months
  • Fixed interest rate

A personal loan that will take you where you want to be

FNB’s personal loan offers rates as low as 12.75% per annum – making them ideal for anyone wanting to consolidate their debt.

Maintaining multiple accounts costs money and can become difficult to manage. Debt consolidation not only makes your debt more manageable but it may save you money in terms of both interest and fees.

Do you qualify?

If you have a poor credit history or have defaulted on any of your credit commitments, FNB will likely be unable to help you with their personal loan.

Not only should you have a fair credit rating but you also need to demonstrate affordability for the new loan. This isn’t usually an issue since you can choose to extend your loan term to reduce your monthly repayment.

To qualify to apply for a loan you must be a South African citizen or permanent resident, have a stable income that can be verified by bank statements, and be 18 years of age or older. You will also have to provide supporting documents including your ID and proof of address.

A simple online application

If you’re already an FNB client you may very well already be approved for any one of their online loan offers. In this case, you can log into your online banking account and get your pre-approved loan in a couple of clicks. This can also be done via FNB’s banking app.

If you’re not pre-approved, you can call the call centre or make an application online and a consultant will be in touch to assist you.

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FNB is a trusted & reliable provider of debt consolidation

In our review, FNB adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ FNB is a registered credit provider in South Africa: NCRCP20

Customer Reviews & Testimonials

December 2020

I love working with this group of people. I had an amazing consultant who made it such a pleasant experience to get my debt consolidated

David B
— Pretoria —

July 2020

We had a great experience with FNB. The consultant did a great job helping us and within a day we had access to the money that we needed

Martin T
— Nelspruit —

June 2020

My consultants made sure that I knew about all service fees and conditions when I applied for my loan. In just a few hours my loan was approved. Would highly recommend using FNB for your debt con...

Melinda R
— Durban —

FNB Contact

Physical Address

  • Thebe Hoskins House, Breda St &, Mill St Cape Town Western Cape 8001 South Africa
  • Get Directions

Opening Hours

  • Monday 08:30 – 16:00
  • Tuesday 09:00 – 16:00
  • Wednesday 09:00 – 16:00
  • Thursday 09:00 – 16:00
  • Friday 09:00 – 16:00
  • Saturday 08:30 – 11:00
  • Sunday – Closed