FNB ONE ACCOUNT
May 27, 2009
Home Loans: FNB One Account
The FNB one account was one of the first Home Loan products of its kind available in South Africa. The FNB One Account consolidates multiple accounts into one single account.
The One Account is not only a Home Loan / Mortgage Account but it is also your cheque account, overdraft and/or personal loan. The benefit is that you are charged a single interest rate on all your loan accounts. The rates is much lower than other credit credit or personal loan accounts.
The FNB ONE ACCOUNT features include:
- A chequebook, cheque card, debit card and petrol card for all your transactional purposes.
- A single monthly statement which reflects all your account balances
- One facility that brings all your finances together in one account
- The ability to borrow against your home loan without applying for credit
- The interest rate is prime-related and you can repay your debt over 20 years
- Increased repayments will result in decreasing interest charges
- And you can earn free eBucks simply by using your One Account facility
To qualify for an FNB ONE ACCOUNT you’ll need:
- An annual income of at least R350 000 (joint or individual)
- A minimum property value of R300 000
- A monthly income (which must be paid into the One Account)
- A valid South African ID document
To apply for an FNB HOME LOAN, complete the short form online and a home loan consultant will contact you.
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November 22nd, 2005 at 1:56 pm
I want to apply for FNB one account, I am a home owner and have a cheque account with FNB.
Reply:
Hi Sello
The FNB ONE ACCOUNT is one of the most flexible home loan accounts available in South Africa. With this kind of mortgage your will be able to consolidate all debts into one account that charges very low interest. Also, another major benefit of the FNB ONE ACCOUNT is that you can easily access the funds available in your mortgage at any time.
To apply for this home loan account, please complete the online application – CLICK HERE – and a consultant will contact you with further assistance.
November 28th, 2007 at 7:12 am
my husband and I have a joint Home Loan, can we apply for one account as individuals or we need to apply jointly?
August 21st, 2009 at 10:52 am
i will like to consolidate all my debts to one account ,
August 27th, 2009 at 4:18 pm
What must your income bracket be to qualify for the one account?
I have just spoken to a consultant now and he says your individual income should be R350k per anum, but on this site it says your individual or joint should be R100k per anum.
Please explain?
August 27th, 2009 at 4:39 pm
Hi Meg,
The required income bracket is determined by the loan amount you are applying for. The bigger the bond, the more you are required to earn – to qualify for the loan.
To confirm, the minimum requirements for the FNB One Account has been changed recently, and you now required to earn a Joint Income of at least R350k per annum.
January 12th, 2010 at 9:47 am
Hi
Money is very tight nowadays. I have a personal loan with balance of app. 22500.00 If I settle today it will be app. 16000.00 to settle. The repayment pm is app.800.00 pm. I would like to borrow additional amount above my facility to settle this and it will only increase my one account monthly repayment by app.75.00 pm. I would also like to extend my current remaining repayment epriod or term balance of app 205months back to 240 months. This is only a short term requirement as my son will finish his education at the end of this year which is currently costing me a small fortune. Please help me without making it too difficult. After all you are there to help people to help themselves and not to scre them off.
Many thanks
January 25th, 2010 at 3:59 pm
i have a building loan with one bank and would like to switch.house is 80% complete in upmarket estate. there will be sufficient value once completed .can i apply for one account?