FNB Home Loan

First National Bank is one of the oldest banking institutions in South Africa and was formed in the year 1838. They are a division of First Rank bank limited and have helped countless South Africans towards financial freedom.

The symbol in their brand logo is the Acacia tree. This represents their strong history and deep roots in South Africa. By continuously growing, they will continue their commitment to serving the needs of their unique community and the needs of their diverse clients. FNB offers everything from everyday bank accounts to personal loans and credit cards.

Environmentally-friendly policies

Their home policies impact daily operations and are governed by the Environmental Health and Safety policy.

Their environmental Risk policy refers to the bank’s indirect impact that they have on the environment and encourages responsible lending based on your level of affordability.

Compliance officers 

FNB's compliance officers are tasked to report any non-compliance issues and any other problems that do arise. The officer will ensure that they are compliant when it comes to environmental legislation requirements, sustainability reporting, and reporting on internal audits.

Who is the First Rand group is

The First Rand group is listed on the JSE and the Namibian Stock Exchange. They are one of the largest financial institutions in South Africa that offer investment products and banking services. These services include retail and commercial banking as well as property finance and a range of business banking solutions.

As a flexible South African Bank, they have made a variety of options available for you to choose from.

Options include: 

• Purchasing a new home
• Building your own home
• Home loan combined with a personal cheque account
• Shari’ah property finance
• A foreign choice home loan
• Converting to one account
• Switching of home loan
• Moving homes and not home loans

Individual home loans

To apply as an individual for a home loan you will need to earn a monthly income of at least R35 000 to R125 000 before deductions. You will then be given the option to combine your home loan and your cheque account.

How to combine a home loan to your cheque account

By using this option FNB will combine your home loan with your cheque account. Instead of having a cheque account with a home loan separately, they will combine both into one easy-to-manage account. This will be the account that your salary is paid into monthly. By having one account, you will be able to save on the monthly interest and fees.

As an FNB client, you can earn ebucks from the very first transaction. The more the money is in your account, the lower your interest rate will be, therefore with the given 20 years to repay your loan, you will be lowering your monthly instalments.