What are FNB consolidation loan rates?

FNB consolidation loan rates range from 11.75% to 27.5% per annum, depending on your credit profile and loan product. Premier customers can get rates as low as Prime + 1%.

How much can I borrow from FNB for debt consolidation?

FNB offers consolidation loans from R1,000 to R300,000 depending on your income and credit profile. Higher amounts are available for Premier customers.

What are the requirements for FNB consolidation loans?

Requirements include being an FNB account holder, minimum income R8,000, permanent employment, South African citizenship, and a good credit record.

How long does FNB loan approval take?

FNB loan approval typically takes 24-48 hours for standard loans, with same-day approval possible for Smart Loan and Premier customers.

FNB Consolidation Loans 2025

Consolidate your debts with FNB's competitive personal loans. Get rates from 11.75%, borrow up to R300,000, and simplify your finances with one monthly payment.

FNB Loan Highlights

Interest Rates: 11.75% - 27.5% p.a.

Loan Amounts: R1,000 - R300,000

Approval Time: 24-48 hours

Choose Your FNB Loan Product

FNB Personal Loan

Unsecured personal loan for debt consolidation

Rate: 11.75% - 27.5% p.a.

Amount: R1,000 - R300,000

Term: 12 - 72 months

Monthly Fee: R57

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FNB Smart Loan

Competitive rate loan for existing customers

Rate: Prime + 2% to Prime + 10%

Amount: R10,000 - R250,000

Term: 12 - 60 months

Monthly Fee: R57

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FNB Premier Loan

Premium loan for high-income earners

Rate: Prime + 1% to Prime + 6%

Amount: R25,000 - R300,000

Term: 12 - 72 months

Monthly Fee: R69

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FNB Personal Loan - Detailed Information

Key Features

Quick online application
Flexible repayment terms
No collateral required
Same-day approval possible
Direct payment to creditors

Cost Breakdown

Interest Rate: 11.75% - 27.5% p.a.

Loan Amount: R1,000 - R300,000

Monthly Fee: R57

Initiation Fee: R1,140 + VAT

Eligibility Requirements

FNB account holder
Minimum income R8,000
Permanent employment
Good credit record

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Calculate Your Potential Savings

Your Current Debt

Current Monthly Payments

Average Interest Rate (%)

New Loan Term (months)

Potential Savings

FNB Loan Product Comparison

Feature	Personal Loan	Smart Loan	Premier Loan
Interest Rate	11.75% - 27.5%	Prime + 2% to 10%	Prime + 1% to 6%
Maximum Amount	R300,000	R250,000	R300,000
Minimum Income	R8,000	R10,000	R25,000
Approval Time	24-48 hours	Same day	Same day
Monthly Fee	R57	R57	R69
Customer Type	Any FNB customer	Existing customers	Premier customers

FNB Loan Application Process

Check Your Eligibility

Verify you meet FNB's loan requirements

Duration: 5 minutes

FNB account holderMinimum income qualificationSouth African citizenValid contact details

Apply Online

Complete application on FNB website or app

Duration: 10-15 minutes

FNB Online BankingEmployment detailsIncome informationExpense breakdown

Submit Documentation

Upload required supporting documents

Duration: 30 minutes

3 months payslips3 months bank statementsID documentProof of residence

Await Approval

FNB reviews application and makes decision

Duration: 24-48 hours

Credit check completedAffordability assessmentEmployment verificationDocument verification

Receive Funds

Loan amount deposited into your account

Duration: Same day

Loan agreement signedTerms and conditions acceptedFNB account activeCreditor payment instructions

Benefits of FNB Debt Consolidation

Lower Interest Rates

FNB rates often lower than credit cards (20-30%)

Example: Save R500+ monthly on R50,000 debt

Single Payment

Combine multiple debts into one payment

Example: From 5 payments to 1 payment date

Fixed Monthly Amount

Predictable payment amount every month

Example: R2,500 monthly instead of varying amounts

Clear Debt Timeline

Know exactly when you'll be debt-free

Example: 48 months to complete freedom

Improved Credit Score

Consistent payments improve credit rating

Example: Credit score increase over 6-12 months

Reduced Stress

Simplified finances and better organization

Example: No more juggling multiple payment dates

Expert Tips for FNB Consolidation

Calculate Total Cost

Include all fees, interest, and monthly charges in your calculations

Compare All Options

Look at FNB's different loan products to find the best rate

Check Your Credit Score

Better credit scores qualify for lower interest rates

Don't Accumulate New Debt

Avoid using credit cards after consolidation

Set Up Automatic Payments

Never miss a payment with automatic debit orders

Consider Term Length

Shorter terms save interest but have higher monthly payments

Frequently Asked Questions

What documents do I need for FNB consolidation loan?

You'll need your South African ID, 3 months' payslips, 3 months' bank statements, proof of residence, and employment confirmation. FNB customers may need fewer documents.

Can I consolidate debt from other banks with FNB?

Yes, FNB consolidation loans can be used to pay off debts from any bank or financial institution, including credit cards, personal loans, and store accounts.

What's the minimum credit score for FNB consolidation?

FNB doesn't publish specific credit score requirements, but you generally need a 'good' credit rating. They consider your overall financial profile, including income, expenses, and banking history.

Can I pay off my FNB consolidation loan early?

Yes, you can settle your loan early. However, check for early settlement penalties in your loan agreement. Some FNB products may charge a penalty for early repayment.

What happens if I miss a payment on my FNB consolidation loan?

Missing payments can result in late fees, negative credit bureau reporting, and potential legal action. Contact FNB immediately if you're struggling to make payments to discuss payment arrangements.

Important Information

Before You Apply

• Check your credit score and report
• Calculate total debt and monthly payments
• Compare all FNB loan products
• Ensure you can afford new payment
• Have all documentation ready

Contact FNB

• Phone: 087 575 9404
• Online: www.fnb.co.za
• App: FNB Banking App
• Branch: Visit any FNB branch
• Hours: Monday-Friday 8AM-5PM

Disclaimer: Interest rates and terms are subject to change. All loan applications are subject to FNB's credit assessment and approval. This information is for general guidance only and does not constitute financial advice.