The estimated monthly repayment on a R50 000 credit limit at an interest rate of 17.5% per annum would be R798, which includes all service fees and interest.
| FNB Overdraft offer example | ||
|---|---|---|
| Credit limit: | R 50 000.00 | |
| Initiation fee: paid upfront in cash/deducted from the credit limit | R0 | |
| Nominal Annual Interest Rate (Variable) | 17.50 % | The interest rate is subject to the maximum annual variable interest rate allowed by the NCA. |
| Personalised Annual Variable Interest Rate | 13.00 % | Should you conduct your Credit Agreement favourably (within the ambit of the terms and conditions) we may reward you with a rebate on the interest rate payable which is subject to customer profile and scoring. |
| Service fee | R 69.00 (includes VAT) | Charged if R200 or more of the facility limit is used. |
| Estimated monthly instalment payable (including capital, interest, fees and VAT) | R 798.00 | Estimated minimum monthly repayment amount, including, interest, fees, and charges. |
| Estimated total of all instalments including capital interest, fees and VAT | R 59 578.00 |
This amount is calculated on the assumption that: a. Your interest rate does not change over the 12 month period b. On approval, you use the total Credit Limit c. You pay us the monthly instalment over a 12 month period d. You do not withdraw again up to the original Credit Limit. |
Overdraft
Alternatively, migrate to an FNB Fusion Account which is a day-to-day transactional account with a credit facility of up to 30 days interest free on card purchases.
How it works
Alternatively, migrate to an FNB Fusion Account the all-in-one bank account and save on fees, plus get up 30 days interest-free on card purchase. Earn maximum eBucks rewards and get a discounted monthly Fusion Account for your spouse/partner.
The interest rate is subject to customer profile and scoring with a minimum interest rate of prime + 1% and maximum of prime to NCA max.
Applying made easy
Address FNB Bank City, Cnr Simmonds & Pritchard Street, Johannesburg, 2001
