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Make the best move when you switch your home loan to FNB.
Make the best move when you switch your home loan to FNB.
When you switch your home loan, you get these benefits:
| Switching costs - on switch deals ONLY | The party responsible for payment |
|---|---|
Initiation fee |
Customer to pay. FNB will debit this fee to your home loan on registration. The customer could get a guaranteed benefit of eB61 000 (equivalent to the initiation fee) when the application is submitted directly to FNB. Terms and conditions apply |
Cancellation Attorney costs - This is the fee charged by the cancellation attorney, appointed by the other financial institution to cancel the existing bond. |
FNB to pay. |
Early termination fees charged by the other financial institution. |
Customer to pay. The existing financial institution requires a 90-day notice to cancel the bond. |
Registration - Attorney cost |
FNB to pay attorney's registration costs up to the original bond amount - additional amount is for the customer's account. |
A guaranteed R6 100 (eB61 000) of your initiation fee back in eBucks to spend on appliances, renovations or shop with our eBucks partners. |
FNB will give the customer R6 100 (eB61 000) of your initiation fee back in eBucks when you submit the application directly using FNB channels. |
