FNB Home Loans

FNB Home Loans

As the oldest bank in South Africa, FNB (First National Bank) can trace its roots all the way back to the small town of Grahamstown in 1838, with the formation of the Eastern Province Bank, FNB`s `great grand daddy`.

Almost 170 years later and First National Bank is now part of FirstRand Bank Limited and provides a complete range of banking products and financial services to the South African individual sector, commercial sector and corporate sector.

In addition, FNB provides a range of home loan products aimed at the South African market.

FNB Home Loans Products

FNB offers clients the following 5 home loan products:

Traditional Home Loan -  For the buying of existing residential properties

Bond Plus - lets clients borrow 100 percent of the property purchase price plus an additional 8 percent to cover additional costs.

Building Bond - For clients intending to build a home. After construction the bond reverts to a traditional home loan.

Foreign Choice - Allows foreigners to buy property in South Africa.

One Account - An innovative FNB product that provides similar functionality to a home loan, overdraft, cheque account and personal loan.

FNB also offers clients 3 interest rate options in Fixed Rate, Variable Rate and BA Linked Rate (Bankers Acceptance Rate), as well as various value adds such as eBucks and inContact, its free messaging service.

FNB Home Loan Convenience

FNB home loan applications can be made via most FNB sales consultants nationwide, who will able to advise clients on the necessary documentation required to process a home loan application.

Clients can also get in touch with FNB`s home loans head office, one of its regional offices, or any of its sales centres.

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8/25/2008 7:25:46 AM