You no longer need to maintain both a transactional account and a secured loan account, as the Single Facility offers both debit and credit functionality, together with transactional banking.
The Single Facility helps you in the following ways:
01 One account
Combine your mortgage and cheque accounts into a single account.
02 Save on interest and fees
A single personalised interest rate based on your profile.
The option to finance multiple properties in one facility and the ability to secure against mixed collateral.
04 Digital convenience
Transact on your account anytime, anywhere through our digital platforms including online banking and the FNB App.
05 Access to equity
Instant access to your available funds.
Immediate access to your funds. Through our digital and online transactional platforms this account provides you with instant access to available balances.
Different repayment options. To suit your requirements, your deal can be structured into an amortising or non-amortising facility.
Transactional flexibility. Enjoy the benefits of transacting on this account at your convenience through our traditional or digital platforms.
Personalised interest rates. You get an individualised interest rate based on your personal account profile.
Multiple and mixed collateral. You have the option to secure your loan using a combination of a property (a single or multiple properties) and shares.
Save on interest. Your interest is calculated on your outstanding balance daily. So whenever the outstanding balance on your loan is reduced, you save on interest.
Home Owners Cover (HOC) is comprehensive insurance to protect your building or home.
Insuring your home is not only desirable in South Africa, it is mandatory.
FirstRand Bank Limited is affiliated with top insurance companies.
Experience a seamless bond registration process with these guidelines.