Individual min. income of R25 000 or where a joint application, at least one of the individuals must earn a min. of R25 000 per month, 18 years or older
Home Loan
benefitsincluding
- Move Home not your Home Loan
Once you're an FNB Home Loans customer, there's no reason to move! By staying with FNB you'll enjoy a number of fantastic benefits!
Move Home not your Home Loan
BENEFIT 1 - Save on attorney fees
You save on bond registration attorney fees. FNB will pay your bond registration fee for any new/another FNB Home Loan, or another property loan within your One Account. The benefit also applies to new home loans with a Future Use option. FNB will pay the full bond registration attorney fees for the home loan, including the Future Use portion.
BENEFIT 2 - Get an early termination fee rebate
The termination of a home loan without 90 days notice can cost up to 3 months of interest. Not so with our Move Home not your Home Loan offering! Early termination fees charged on the cancellation of a previous home loan will be rebated to you on a pro rata basis after the registration of the new home loan or property within your One Account.
For example, if you have a home loan with an outstanding balance of R500 000 at an annual interest rate of 10.5%, the early termination fee rebate is calculated as follows:
Calculation of the fee:
R500 000 multiplied by ((10.5 % divided by 365 days) multiplied by 90 days) = R12 945.21 R500 000 x ((0.105/365) x 90) = R12 945.21
Calculation of cancellation after 60 days:
R12 945.21 divided by 90 days multiplied by 30 days (remaining days of the notification period) = R4 315.07 You get R4 315.07 back!
BENEFIT 3 - Get a bond cancellation attorney fee subsidy
Bond cancellation attorney fee subsidy. The cancellation fee that you will need to pay the attorney for the cancellation of your previous Home Loan will be subsidised by FNB when the new Home Loan is registered
Will I qualify for Move Home not your Home Loan?
- You may be eligible provided you are an existing FNB Home Loans customer. Refer to Qualifying Criteria and Benefits applicable
- Home Loans must be for SA residential properties only.
- Only eligible Traditional Home Loans, One Accounts and Building Loans applications qualify.
- New Home Loans of R600,000 and greater will also qualify for this offering. (Excluding Future Use portion)
- Customers will only receive the MHNYHL benefit on one property which means that a customer will only receive the benefit once. The benefit will not be received on multiple accounts
- FirstRand staff will not qualify for the MHNYHL benefit
Important points to consider
FNB cannot guarantee the approval of a future Home Loan application: NCA legislation and FNB pricing/risk criteria must still be considered. Please note that the new Home Loan application must be submitted via an authorised sales channel. Refer to Qualifying Criteria and Benefits applicable. Fees other than those expressly mentioned will be for the customer's own account.
The bank's initiation fee will be paid by the customer. The legal costs associated with the substitution of debtor transactions are explicitly excluded from the Move Home not your Home Loan offering. The payment of attorney registration costs by FNB is subject to grant and registration amount being equal to or greater than R600 000. The early termination fee rebate does not apply to Home Loans where the 90 days notice period has been served. Only Home Loans and One Accounts cancelled after 1 November 2008 will qualify for the early termination fee rebate and the cancellation attorney fee subsidy.
Contact details
For more info on all the benefits, contact FNB Home Loans Sales on 087 730 11 44.
Terms, Conditions and Rules apply. - Quarterly email statements
Quaterly Email Statements
Get your statements emailed for free promptly, consistently and securely every month
securely every month With email statements, you get your statements faster than paper statements. You can download, save and print your statements. FNB has installed security measures to protect your information.
You could save R114 per year with email statements
This is a free service which can be easily activated from your Online Banking profile in 4 easy steps.
Setting up my email statements
- Select Email Statements from the Accounts Tab
- Select the appropriate account/s of which you require the statements to be delivered to you via email.
- Enter the primary email address to which you'd like the statements to be sent to
- Select the formats you would prefer to receive your statements in - plain text (CSV), PDF or both (account dependent)
Terms, Conditions and Rules apply. - eWill
eWill
Draft your own Will today, online, for FREE!
It's 3 minutes you'll never regret.
eWill is an innovative online application that allows you to draft your own last Will and Testament in a few easy steps. Once finished, you can print and sign your Will.
* FNB offers a safe custody service, where we'll keep your Will safe and secure. This service costs R100 per year, and includes free courier collection of your Will.
Plus: You might even qualify for FREE custody!
To set up your own Will today, simply:
1. Draft
2. Print
3. Sign
Terms, Conditions and Rules apply. - eBucks discounts
eBucks Discounts
***MISSING***
Terms, Conditions and Rules apply. - inContact
inContact
FNB's FREE notification messaging service
Keep track of money moving into and out of your account.
This innovative messaging service enables you to keep track of transactions on your account, via email or SMS, and you can choose to receive your messages during the day between 7am and 8pm or 24 hours a day.
You get to select which accounts are linked to inContact.
Register for inContact via Online Banking or call 087 575 9404.
Terms, Conditions and Rules apply. - Get a fixed rate
Get a Fixed Rate
No surprises, guaranteed.
The loan interest rate remains the same, no matter what
No need to worry about interest rates going up, and your budget stretching to adjust.
With a fixed interest rate your repayment amount remains the same throughout the term of the loan. You benefit from a consistent payment amount that is not affected by the fluctuation of the country's interest rates.
Terms, Conditions and Rules apply. - Free subscription to Online Banking
Online Banking
Bank anywhere, anytime, at your convenience
Online Banking is the convenient, real-time way to access your accounts. Pay, transfer, trade and invest, using easy online navigation, all from the comfort of your couch.
Banking online is convenient as you can do most things that you can do in a branch.
Banking online is secure. Keep track of your transactions with free inContact, OTP notifications and online protection software.
Banking online is simple. All you need is an FNB bank account and access to the Internet.
View our How to register for Online Banking demo
With Online Banking you can
- Check balances on your accounts
- Get email statements
- Pay traffic fines
- Make payments to third parties
- Set up recipients
- Pay public recipients
- Make once-off payments
- Set up scheduled payments
- Send money to an eWallet
- Do eFiling
- View payment history
- Validate recipients
- Transfer money between your accounts
- Transfer funds to your budget facility (credit card only)
- Buy pre-paid airtime
- Buy Vodacom data bundles (SMS vouchers and Big Bonus vouchers)
- Buy prepaid electricity (Eskom and selected municipalities)
- Buy Globel international airtime
- Buy LOTTO TM tickets
- Buy PowerBall tickets
- Shop online using eBucks
- Request proof of payment
- View your eBucks rewards
- View Annual Price Review letters
- Trade shares online (share trading only)
- Buy Krugerrands
- Sell Krugerrands
- Change your PIN
- Update ATM Limits
- View Card PINs
- Create Card PINs
- View, change or cancel cards
- Order additional cards
- Request notice to withdraw on investment accounts (investment only)
- Top up and withdraw funds from your PayPal account
- Check Forex rates
- Receive money from abroad
- Send money abroad
- Open an overdraft and increase limits
- Buy foreign currency
- Create secondary users
- Contact My Banker
- Join FNB Connect
- Open accounts
- Set up Balance Alerts
- Set up Limit Alerts
- View and update personal details
- Order a new card when it is about to expire
- Secure your Online Banking with Webroot
- Adjust your ATM withdrawal limits
Terms, Conditions and Rules apply. - Free subscription to FNB APP
The FNB Banking APP
Unparalleled simplicity and convenience
As a registered Online Banking user, you can access the FNB Banking App
Download the free app for Android™, Apple™,BlackBerry™ and Nokia™ Symbian devices*.
Using the Free FNB Banking App you can
- Make and receive Geo Payments
- Set up Stop Payments
- Make payments and transfer funds
- View transfer and payment history
- Send money
- Contact your Relationship Banker
- View accounts and detailed balances
- Locate FNB branches or ATMs
- Access an FNB directory
- Make and receive calls
- Send and receive messages
- Buy prepaid products
- Top up your FNB Connect accounts
- Purchase FNB Connect ADSL bundles
- View foreign exchange rates
For queries please email: fnbappsupport@fnb.co.za
To find out how to link your device call: 087 575 0362View the software license agreement and remote banking agreement
*Android devices include HTC, Samsung, LG, Motorola, Sony Ericsson and Huawei. BlackBerry devices include the Torch, Storm, Bold and Curve that are OS5 or higher
Terms, Conditions and Rules apply. - Free subscription to Cellphone Banking
Cellphone Banking
Banking at the touch of a button
Access your money anytime, anywhere using your cellphone.
Even without your ATM card you can now do your banking via Cellphone Banking.
As a customer you enjoy the following benefits
- Check your balances, transfer money between your own accounts, make payments to individuals, pay monthly accounts, and even pay traffic fines
- Withdraw cash from your FNB accounts, without the use of an ATM card
- Buy prepaid airtime, electricity and LOTTO™
- Free registration and subscription
- Free inContact with every transaction (above R100)
To register for Cellphone Banking, dial *120*321#, visit www.fnb.mobi, www.fnb.co.za, an FNB ATM, any FNB branch or contact our call centre on 087 575 9405 for assistance.
Please refer to our Pricing Guide for fees on specific accounts.
Terms, Conditions and Rules apply. - Free subscription to Telephone Banking
Telephone Banking
It's your bank on call
As an FNB transactional account holder, you can enjoy flexible banking at your own convenience
Speak to a telephone banking consultant or transact via the interactive voice response (IVR) line, whenever, wherever via a single access number.
Enjoy the following benefits with telephone banking:
- Create payment notifications to send to your recipients
- Schedule payments to be made on a specified date
- Buy prepaid airtime (Vodacom, MTN, Cell C and Virgin Mobile)
- Buy Telkom airtime (local and WorldCall)
To register - simply call 087 575 9404.
Please refer to our Pricing Guide for fees on specific accounts.
Terms, Conditions and Rules apply.
The Traditional home loan is a loan to assist the customer with finance when purchasing an existing residential property. The traditional home loan may be combined with a range of additional facilities and options to personalise your home loan.
What will it cost
| Expense | Description | Amount |
|---|---|---|
| Purchase price deposit (if necessary) | Description This is a payment made to secure the property. The amount will be stated in the Offer to Purchase contract | Amount Varies according to property value |
| Registration costs | Description A fee that is paid by you to the attorney | From 0,5% to 1,8% of the value of the bond to be registered |
| Transferring costs | Description A fee that is paid to the attorney nominated by the seller to transfer ownership of the property | Amount This fee also varies and is based on the purchase price of the property |
| Postage and sundries | Description The cost of documents and certificates that the conveyancing attorney will need to submit to the Deeds Office, the bank, the estate agent and you | Amount Minimum R300 |
| Deeds Office registry fee | Description A fixed fee for the local registration of the loan | Amount Minimum R200 to R1 000 |
| Transfer duty | Description This is a government tax, which you will need to pay based on the purchase price | Amount Acquisition of property by natural persons: Less than R750,000 = No transfer duty payable R750,001 to R1,250,000 = 3% of the value exceeding R750,000 R1,250,001 to R1,750,000 = R15,000 plus 6% of the value exceeding R1,250,000 R1,750,001 to R2,250 000 = R45,000 plus 8% of the value exceeding R1,750,000 R2,250,001+ = R85,000 +11% if the value exceeding R2,250,000 |
| Initiation fee | Description A fee charged by FNB to process your home loan application | Amount See annual pricing guide for details. FNB will debit this fee to your home loan on registration. |
| Monthly Service fee | Description A monthly service fee will be charged on all loans | Amount See annual pricing guide for details |
Do l qualify?
The Traditional Home Loan is available to individuals, joint applicants and property-owning juristic persons e.g. trusts, non-trading close corporations and private companies.
The term of the loan must expire before you reach the age of 75.
First Bond
A First Bond application for finance through FNB is for a fully built property where no previous finance for the property is in place.
The qualifying criteria on a New Home Loan must be met.
First Time Home Buyer
A First Time Home Buyer has never owned a property before and is approaching FNB for finance.
You will need to meet the following criteria when applying for a home loan for the very first time:
- The qualifying criteria on a New Home Loan must be met.
- You must be purchasing a property for the first time.
Switching from another Financial Institution
A switch is if you wish to transfer your home loan from another financial institution to FNB.
Do I qualify?
You will need to meet the following criteria when applying for a switch to FNB Home Loans:
- The qualifying criteria on a New Home Loan must be met.
- You must be cancelling your loan with another financial institution.
- FNB Home Loans will not accept Foreign National switches from another financial institution.
| Switching costs - on switch deals ONLY | Customer |
|---|---|
| Initiation Fee | Customer Customer to pay. FNB will debit this fee to your home loan on registration. |
| Cancellation - Attorney cost This is the fee of the attorney working for other financial institution used to cancel the previous bond | Customer Customer to pay |
| Cancellation - Costs charged by other financial institution These include admin fee, deferred initiation fee or penalty interest charged by the other financial institution | Customer Customer to pay |
| Registration - Attorneys cost | Customer FNB Pay attorneys fees up to original bond amount - additional amount for customers account |
Vacant Land
A Vacant Land application is submitted when a customer requires finance for a portion of land where no building exists.
Do l qualify?
You will need to meet the following criteria when applying for Vacant Land finance from FNB Home Loans:
- The qualifying criteria on a Traditional Home Loan must be met.
- The vacant land must have existing municipal service connections.