First National Bank is one of South Africa’s most loved banks and adheres to the laws of the National Credit Regulator.
For as long as we can remember, we have assisted a number of clients with short-term loans, credit plans used for personal reasons, student loans as well as home finance. Throughout the years, we have grown stronger and have excelled in becoming one of the Big Five.
Like any other organization, financial challenges will come. However, it is up to you as a company how you deal with the problems that may arise. There has been a number of times when clients feel like we are failing them when we can’t give them any credit. However, this is only when we see that they can’t afford a loan that we actually turn them down.
With our Student Loan, you can start applying for a minimum of R4000 and you can already be set on your academic journey.
At the end of the day, we want to ensure that our student loan has assisted in building a better future for yourself and your dreams.
What is in it for me?
Having a student loan FNB means that you will not need to wait on the line for hours on end to get assistance from a bank agent. If you need the money, you will be able to make a withdrawal straight from your bank account. The further education loan is only accessible to students whose parents applied and were approved on the student’s behalf if self-employed for a sufficient period of time and is able to afford the monthly payments.
FNB Product Details
- Loan Type Student loans
- Interest Rate from 6.5%
- Loan Amount up to R80,000
- Repayment 3 months to 7 years
Summary of Services
- Get personalised interest rates
- Credit life insurance
- Funding for further education
First National Bank has tailor-made student loans
There are a number of challenges that you will encounter when you are in varsity.
Apart from the hardships that come with getting a degree, you also have to constantly fight temptation and pressures from your friends. With so many hardships, the last thing you need to worry about is education finance.
How much can you get?
The minimum amount one can get with FNB student loans is R4000. Alternatively, if you need more, you can always apply for more money but you need to ensure that you apply for an amount that won’t prove to be too high for your ability to repay the loan as well.
Ensure that your loan application gets the green light
It should always be an adult who is working or a legal guardian who will pay for your studies. It is normally easier to confirm remuneration for somebody who is already working and has documents to prove that this is so. Always stick to your budget and never apply for a credit plan that is way above your monthly expenses. It is better to be well within your figures as opposed to being way above it.
Reasonable student financial plans
It gives us great pleasure to know that we were one of the sponsors that helped a student’s academic development. If you prefer applying for a personal loan as opposed to a student loan, we will also not prevent you from things this way.
As long as you meet our requirements, you can do things in a manner that is comfortable for you and your wallet. We don’t force our customers to do things they are not comfortable doing, we only advice where we see a need and agree with what we think is best for them. a student needs to be paid off in monthly instalments ranging between 6 months to a number of years. There is no problem if you prefer settling the loan before time either.
FNB is a trusted & reliable provider of student loans
In our review, FNB adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.
FNB is a registered credit provider in South Africa: NCRCP20
Customer Reviews & Testimonials
Applying for my student loan was stress-free because everything was so straightforward.
— Boksburg —
I’m not an FNB customer but they were still willing to help me with a student loan and the service was excellent!
— Vereeniging —
They were very fast in processing my student loan application; in just a couple of hours to be exact.
— Sasolburg —
FNB Contact Details
- 3, First Place, Pritchard St & Simmonds St, Bank City Johannesburg Gauteng 2000 South Africa
- Get Directions
FNB Universal Branch Code
- PO Box 1153, Johannesburg, 2000, South Africa
- 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