Tag Archives: FNB DEBT CONSOLIDATION LOAN

FNB

FNB Debt Consolidation Loan  FNB FNB Debt Consolidation Loan

First National Bank (FNB of South Africa) offers debt consolidation through their Easy Loans product. Just like other debt consolidation loans available from other credit providers and financial institutions, FNB works in the same way as in you take out a single loan that you will pay off with one interest rate instead paying off debts with usually higher interest rates such as credit cards. This also serves to improve your credit score if you are a blacklisted individual.

As with all consolidation loans, you need to be in a pressing situation that requires that you pay off other debts immediately, although this is not a requirement, to avoid defaulting on them. Consolidating your debts helps in helping you breathe easier and manage payments by helping you make one payment for all your major debts.

FNB debt consolidation loan is calculated by First National Bank and estimates what your potential monthly repayments are based on your risk profile and other FNB loan terms.

Here is a quick guide to whether you qualify:

  • You must be permanently employed
  • You must be a permanent resident of South Africa
  • You must be between 18 and 65 years old
  • You must have a monthly take home of R700 after all your monthly financial obligations including the newly added consolidation loan

Other documentation is pretty much what you know you must bring, such as payslip and proof of residence.

You can walk into any Easy Plan FNB branch or contact them on 087 320 4321.

FNB

FNB Debt Consolidation Loan  FNB FNB Debt Consolidation Loan

First National Bank (FNB of South Africa) offers debt consolidation through their Easy Loans product. Just like other debt consolidation loans available from other credit providers and financial institutions, FNB works in the same way as in you take out a single loan that you will pay off with one interest rate instead paying off debts with usually higher interest rates such as credit cards. This also serves to improve your credit score if you are a blacklisted individual.

As with all consolidation loans, you need to be in a pressing situation that requires that you pay off other debts immediately, although this is not a requirement, to avoid defaulting on them. Consolidating your debts helps in helping you breathe easier and manage payments by helping you make one payment for all your major debts.

FNB debt consolidation loan is calculated by First National Bank and estimates what your potential monthly repayments are based on your risk profile and other FNB loan terms.

Here is a quick guide to whether you qualify:

  • You must be permanently employed
  • You must be a permanent resident of South Africa
  • You must be between 18 and 65 years old
  • You must have a monthly take home of R700 after all your monthly financial obligations including the newly added consolidation loan

Other documentation is pretty much what you know you must bring, such as payslip and proof of residence.

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You can walk into any Easy Plan FNB branch or contact them on 087 320 4321.

FNB Debt Consolidation loans

FNB probably has one of the most the most comprehensive debt consolidation loans around. They call these their Debt Relief Solutions. FNB can help you consolidate your debt by bringing you four, yes four, options when it comes to debt consolidations. And this does not include the traditional way of debt consolidation which is their FNB Easy Loans product. Follow this link to learn more about it.

So, what ways can FNB consolidate your debt?

1. Straight-2-budget. By consolidating your debt into a Budget  Plan and rescheduling payments over a period of 6-60 months. Contact them: call 087 575 1111

2. Budget Plan Consolidation. By consolidating multiple budget facilities into one budget plan. Contact 087 575 1111 for this plan.

3. Balance Transfer. Consolidate debt from retail, clothing accounts, short-term or personal loan and transfer to your budget facility. You also get to pay a promotional rate for the first 9 months of the debt consolidation. Call 0860 BT CARD (28 2273) to find out more.

4. Credit Card Assist Plan. This is for those who struggle with paying their FNB credit card debt and helps them pay off their credit card debt over a certain period without the balance increasing. Call 087 575 9432 to know more about this option.