FNB Overdraft Loan – This is a short-term credit facility offered by FNB to cover unforeseen expenses. The FNB Overdraft loan is a good facility to have as it is always comforting to know you have a reserve of funds available to you when funds in your account run out.
To qualify for a FNB Overdraft loan you must have an active FNB cheque account.
Once approved the overdraft is available immediately. You only pay for it when you use it which means if you don’t use it you will not pay for it. You will only be charged interest for the amount used. However, there is a monthly fee which is charged for the facility.
With this facility you get personalized interest rates based on your credit profile. The FNB Overdraft loan does not have stipulated monthly repayments as long as you stay within the agreed limits and regular deposits such as your salary get into your account.
The FNB Overdraft loan can help both individuals and businesses. For individuals it will give you financial flexibility and it gives you comfort to know that in case of an emergency you have a safety net. For business it can help you with cash flow challenges.
One benefit is that you get optional overdraft debt protection. This will settle any outstanding amount on your loan in the case of disability or death.
If you are an existing FNB client apply today for the overdraft loan and stay better prepared for unforeseen circumstances. If you are not an existing FNB client why not open a FNB cheque account and be able to apply for the FNB Overdraft loan. Application for the FNB Overdraft loan can be done in any one of three ways which are applying online, completing the call me back form on their website or calling them on the number listed below.
Required Documents to Apply for FNB Overdraft Loan
- South African ID book
- Latest Payslip
- Proof of residence
- Consent from spouse (if married in community of property)
FNB Overdraft Loan Contact Details
For more information you can visit the FNB website www.fnb.co.za or call them on 087 575 9404.