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 require cash.
Below is an easy example to explain how the RL works
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 repayable monthly via debit order at a fixed amount.
To see if you qualify logon to your FNB Online Banking profile (www.fnb.co.za)
Standard product terms and conditions apply and can be viewed on www.fnb.co.za