About – First National Bank
The establishment of FNB can be traced back to 1838 and this makes it the oldest credit organisation in South Africa.
Currently, it is a division of FirstRand Bank Limited. Throughout its history, the bank has proven that it is fully capable of overcoming challenges successfully and that it is full dedicated to its clients.
The Acacia tree on our logo symbolises our strong bond with the country and the growth we have achieved by serving our customers and the community. In 1998, Rand Merchant Bank Holdings together with Anglo American formed FirstRand Limited.
Throughout the merger, FNB became a subsidiary company of FirstRand. From 1999, FirstRand Bank is the entity representing the banking interest of FirstRand.
Services – First National Bank
At present, FNB is one of the leading banks in South Africa.
It offers banking services to individuals, private parties, businesses and large companies and corporations.
The bank is proud to contribute to the growth of the community in addition to developing its business successfully.
The history of FNB can be traced back to 1838 which makes it the oldest bank in South Africa.
This long history reveals the bank's core values - the ability to overcome challenges and emerge even stronger and the dedication to serving people. We have deep roots in the country just like our symbol - the Acacia tree. We have grown by fully meeting the needs of our customers and the community.
Summary of Services
- Business Loans
- Personal Loans
- Home Loans
- FNB Loans
- Revolving Loan
- Temporary Loan
FNB Business Loans – How Favourable Are They
The economy is creating challenges to business owners from all industries. Finance is difficult to obtain, especially if you are just starting out.
However, you should not give up, but explore all possible options. Read this First National Bank business loan review to decide whether they can be a solution for you.
FNB is a leading provider of financial products and services with solid reputation and perfect reliability. In fact, it is the oldest bank in South Africa and this gives it huge credibility. It is a completely trustworthy partner for businesses of all sizes.
What FNB Offers
FNB offers medium to long-term business loans to established companies. The minimum loan amount available is R50 000, but you can borrow as little as R2 000 as well. This kind of flexibility is highly beneficial, especially for small and micro businesses. Generally, the actual loan amount depends on the profits of the company.
The typical term is 1 to 5 years, but you can choose to repay the FNB business loan in just 3 months in order to save on interest. This makes the loans suitable for cash flow management as well as for capital investment. You can opt for a 3-month repayment holiday in the beginning of the loan's term. This is a huge benefit to have. Few other lenders give you this kind of opportunity.
Benefits of FNB's Loans
Perhaps the major benefit of the FNB business loans is that you have the option of obtaining them without collateral. In general, the loans are secured, but if you have been a long-term business client of the bank with solid performance, you will be able to borrow as much as R400 000 without using any security.
There are also flexible loans which enable you to borrow on capital that you have already paid. They are designed to help you grow your business even further. They are useful for managing your day to day finances and for making small investments, but you have to take into account the risk.
Competitive Interest Rates
The First National Bank business loans have competitive interest rates, but they will depend on the individual borrower. The terms and conditions are quite flexible, especially when it comes to the loan amount, the collateral, the term of the loan and the repayment schedule. These are valuable benefits to have.
Ph: 011 688 9900 / 0860 327 827
Em: [email protected]
Postal AddressPO Box 1153, Johannesburg, 2000, South Africa
Universal Branch CodeFirst National Bank’s universal branch code: 250655
- Monday 08:00 – 17:30
- Tuesday 08:00 – 17:30
- Wednesday 09:00 – 17:30
- Thursday 08:00 – 17:30
- Friday 08:00 – 17:30
- Saturday 08:00 – 13:00
- Sunday Closed –