The Different Kinds of FNB Personal Loans

By | November 23, 2013

The FNB personal loans come in many forms and they are ideal for consumers with different financial needs. Take a look at these different options from one of the more popular banks in the world.

The First National Bank or FNB is one of the more notable financial institutions known across the world. The bank offers a wide range of financial services for both personal clients and businesses. The FNB personal loans they offer are very much established and they offer a wide range of options and services that are most ideal to meet the needs of consumers who are in need of money. The bank offers numerous kinds of loans that are ideal for individual clients. Let us identify some of these unique loans, what their benefits are and what you can use the money for.

The FNB personal loan is the most basic option for individuals. One can enjoy flexible repayment options from 1 month up to 60 months. Borrowers can also get a maximum of R100, 000. If you have an account with FNB, there is a bigger chance of getting a better rate. One can use the money to handle debt consolidation. The installment stays on a fixed price within the loan period even if the interest rates change. The original loan insurance will cover in the event that the borrower is subject to illness, disability or death. The borrower can also have a break every January in paying the loans. The FNB loan can be used to make small purchases, self and home improvement, repayment of debts that are overdue or any other benefit that the money can actually give you.

Another popular option is the Easy loan that can be acquired within a span of 10 minutes. The loans can range from R250 to about R60, 000. You can pay the amount within a period of 1 to 36 months. The loan insurance cover will also apply when the person dies or becomes disabled. Those who earn weekly salaries can benefit from the Easy Loans. This is a perfect option for low income families and those who need very small amount for specific purposes. It is easier to pay and it is ideal to pay soon since the interest rates can be considerably higher.

Another option for personal loans is the overdraft. This is connected to a personal cheque account and the limit is available once the loan has been approved. There are no minimum monthly repayments. The bank just needs assurance that you are within the agreed limitations and you make regular deposits to the account. This is a fluctuating facility and that means it reduces in amount as you pay your deposits and it is available when you need the funds. You only pay a small monthly fee if a small unit of the facility has been used. This can be used to cover those emergency costs.

These unique loans are diverse and flexible and consumers who want them can be assured that they can enjoy fantastic benefits for their financial needs. It is vital though, to follow the terms of the loan. If you do not follow these terms, you might end up with risks and this could eventually lead to other financial troubles and legal problems.

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