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. |
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.
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.
Other ways to apply
FNB App and ATM
Contact us
View demos
Complete the call me back form
Contact us
Address FNB Bank City, Cnr Simmonds & Pritchard Street, Johannesburg, 2001
If you continue to use the website please note we use cookies to provide you with the best possible web experience, which includes performing analytics and showing you relevant advertising.
Clearing cookies can limit functionality.
Please maintain cookie settings if you do not want this to happen.
