First National Bank

image of First National Bank
image of First National Bank

First National Bank is a registered credit provider with South Africa’s National Credit Regulator: NCRCP20

About – First National Bank

The roots of FNB can be traced back to 1838 and this makes it the oldest bank in South Africa. We offer a comprehensive range of short-term loans, personal loans, student loans and home loans among many others.

Throughout its history, the bank has gone through various different challenges and has always overcome them effectively and come out even stronger.

A Track record of Success

This track record of success gives us confidence about our ability to help you meet and overcome any financial challenges that you encounter. We owe our success to our full commitment to serving people.

Our logo features an Acacia tree which symbolises our strong bond with the country and how much we have grown thanks to our service to our clients and the community.

Services – First National Bank

Life Start Student Loan offers loan amounts from R4 000 plus competitive interest rate and the flexibility to apply for each year of study individually.

With this student loan, you will get direct payment of the tuition fees by the lender and interest only payments during your studies.

Extra Benefits 

The extra benefits which you will get from working with us include ATM withdrawal, no minimum balance requirement plus balance alert, free subscription to cell phone, phone and online banking and more.

The further education loan is available to students whose parent or sponsor has been permanently employed or self-employed for a sufficient period of time and is able to afford the monthly payments.

Summary of Services

  • Personal Long-term Loans
  • Student Loans 
  • University Grants
  • Education Finance
  • Study Loans 
  • Personal Loans

First National Bank Student Loans - How Effectively Can They Support Your Studies?

The road to a university degree has a lot of challenges not only because of the complexity of the studies but because of the considerable amount of money that you have to invest in higher education. The good news is that there are various opportunities for eduction finance.

This First National Bank student loans review will evaluate this particular opportunity to help you decide whether it is suitable for you. First National Bank (FNB) is the oldest bank in South Africa. It is one of the largest and most reliable financial product and service providers as well.

You can expect customer service of top quality, a variety of great deals and individual solutions to match your needs. You can trust this lender completely.

borrow as much as you need

The FNB student loans also known as Life Start loans are intended to help you pay your tuition fees. The minimum loan amount is R4 000. There is no upper limit so you will be able to borrow as much as you need to cover the cost of your studies. The amount which will be granted to you will depend on the size of the tuition fees set for your programme by your university. It will be determined by your sponsor's ability to repay the loan as well.

Improve your Chances of being approved

The sponsor can be a parent or any other person of legal age who is willing and able to help you pay for your studies. The sponsor must be employed or self-employed. This is a flexible requirement. You will have higher chances of obtaining finance if the person has been working for the same company or at least in the same industry for a considerable period of time. The sponsor's salary must be high enough to meet the affordability criteria of the bank.

Highly Competative Loans

The interest rates on the FNB student loans are highly competitive. You can expect to receive an attractive offer, especially if your sponsor has a good credit record. The repayment is designed to suit your future plans. While you are at school, your sponsor will pay only interest instalments every month. When you graduate, you will repay the principal plus interest. Some additional benefits which you will get with the personal loan include subscription to banking online and over the phone and ATM withdrawal. This review's verdict is that the First National Bank student loans can be quite useful to students.

 Contact Details

3, First Place, Pritchard St & Simmonds St, Bank City, Johannesburg, Gauteng, 2000, South Africa
Ph: 011 688 9900 / 0860 327 827
Em: [email protected]

 Postal Address

PO Box 1153, Johannesburg, 2000, South Africa

 Universal Branch Code

First National Bank’s universal branch code: 254005

 Opening Hours

  • 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 –