Orverdraft Loans from FNB is linked to your Personal Cheque Account and the limit is available immediately upon approval, it requires no minimum monthly repayment as long as you remain within the agreed limit and make regular deposits into your Personal Cheque Account.
It is a fluctuating facility, which reduces with monthly deposits, and is immediately available up to the approved limit should you need the funds. Automatic Debt Protection is available and the amount you are covered for depends on the type of Cheque Account you hold with FNB: Gold Cheque Account: Automatic Cover of R 2000 Platinum Cheque Account: Automatic Cover of R 5000, Encore Cheque Account: Automatic Cover of R2000.