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Dear <FIRSTNAME><SURNAME>

Do you need access to cash you’ve already re-paid?

A Revolving Loan (RL) is a loan designed to give you access to cash you have already re-paid on your loan. Once you have re-paid 15% of the loan, you can access these funds again to use as you wish. The RL has no set term and is available to you for as long as you may need it. This means you don’t have to re-apply for a loan every time you need cash.

Below is an easy example to explain how the RL works:

  • You are approved for a R10 000 credit limit
  • You use R10 000 and have R0 left
  • You pay 15% back, i.e. R1 500
  • You will have access to R1 500 again
diagram

Important: You need to pay 15% back to be able to draw funds again.

The RL is affordable and you only pay for it when you use it. There are no initiation fees payable and should you use the loan, you pay a monthly fee of only R40. The RL is easy to manage and also makes monthly budgeting easier as it is repayable via debit order. 		 
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  Standard product terms and conditions apply and can be viewed on www.fnb.co.za.  
 
 
 

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