Your independent loan comparison!
Your independent loan comparison
FNB Debt Consolidation
Paying several creditors at a go can cut down on your payslip. You could end up with a bad credit score and even wallow in debt even deeper. At times, you when you take out multiple loans, you may not be fully aware how rough it will get ahead. High interest rates, paying more in monthly payments, and probably having many bills to jungle could be straining you not only financially but also mentally.
Fast information
Properties of this loan
- Professional financial advice and tips to improve your score
- Complimentary loan assist service of up to R150,000 cash
Loan requirements
- Be 18 years or older
- Have a valid SA ID or Drivers License
- Have a bank account
About company
More information about the company Credit Gain Services (Pty)
Fast information
Properties of this loan
- Online loans up to R3.000
- Term 5 - 35 days
- Easy online application
Loan requirements
- A personal bank account, taken out in your own name, active for at least of 3 months
- A contactable e-mail address that you have daily access to
- A permanent job, where you earn a monthly or weekly salary - NOT fortnightly
- Earning a monthly salary of at least R4 000
- At least 18 (eighteen) years of age
- A South African Citizen
- No judgments or defaults
About company
More information about the company PayDay Loans (Pty) Ltd.
Save up to 20% with FNB Debt Consolidation SA
Many South Africans are living on the edge as the appetite for unsecured loans deepens.data by Differential Capital estimate that around 7.8 million South Africans owe about 22,000 ZAR in unsecured loans.
While there are many ways to force yourself out of debt, debt consolidation has probably crossed your mind. Debt consolidation is when you merge your existing personal loans into a single manageable debt. Instead of paying monthly fees, installments, and interest rates to different creditors you combine all into one convenient loan.
And one place you can get this unique service is at FNB bank.
Let’s talk about FNB debt consolidation SA.
Why Consolidate your loans with FNB
You may find yourself seeking for a debt consolidation due to the following reasons:
- You have huge monthly loan instalments to pay.
- The interest rates on loans are Skyrocketing.
- It is getting harder to keep up with installments on loans you owe.
How does FNB Debt consolidation work?
Let’s say you are currently paying different types of unsecured loans. The loans will come with different interest rates, monthly installments, and fees. You could end up paying hefty amount when servicing the different loans. But if you convert these loans into one manageable debt, you get to pay a single installment. Also, you lower interest rates, which means you will probably means you will get to save a few rands.
Benefits you reap with FNB Debt Consolidation:
- interest rates reduction
You get to save up to 20% on interest rates and fees.
- Pay one installment
It can be a real challenge to keep up with servicing the various loans you owe. When paying installments for a single loan, the interest rates are probably lower, and it is easier to manage.
- A chance to improve your credit score
When you are paying lower interest rates towards your loan, serving your loans is manageable. Because you are paying a single loan, it is unlikely to default on your payments. That means you could see an improvement in your credit score if you keep up with timely payments.
What you need to consolidate with FNB
First, you must meet these three requirements:
- You must be above 18 years of age.
- You must be permanently employed or self- employed.
- Your minimum net salary should be R1800.
Documents required For FNB bankers:
- South African green-coded ID or Smart ID card.
- Your last payslip.
- Your residential address( not older than three months).
- Three months bank statements - self-employed customers should have 6 months bank statements.
Documents required For non-FNB bankers
- Carry your green-coded ID or Smart ID if the FNB does not have it yet.
- Your residential address.
Last word…
Why sail through the turmoil of servicing multiple loans when you can consolidate your loans with FNB bank? You only have to approach the bank.
Lincoln Ndirangu(LinkedIn)Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...