South African residents up to 49 years of age who have had stable employment for 2 years and earn at least R10 000 single or jointly per month can apply for this home loan. purchase residential property for your primary residential purposes.
What is Bond Plus
- Helps you cover additional expenses
- You can choose either the fixed- or variable interest rate option
- Minimum bond amount of R240 000 up to a maximum of R2 million
- No deposit is required
- Combine this home loan with a range of flexible options
Building Bond
- Build your dream house from scratch
- No more headaches searching for the right house
- You pay interest only during building
Progress payments (max. 6) are made as work has been completed
Up to 20 years to pay back the loan - The builder must be registered by the National Home Builders Registration Council (NHBRC)
- Purchase a prime holiday retreat
- Invest in a property for future use
- Rent out the property or keep it as a holiday home
- Receive statements or check your account via Internet Banking, if you are registered with FNB Internet Banking
- Receive up to 10% of your total facility amount up-front so that you don't have to wait until your bond is registered to access your funds
- Use one account for all your banking transactions
- View your overall financial position at a glance as your accounts are all part of one facility, with a single statement
- Pay less interest than you would if you applied for various loans separately by taking advantage of a low interest rate normally associated with that of your home loan
- Keep the same facility for life, even if you sell an existing property and buy a new home
- Any deposit reduces your outstanding balance which decreases the interest payments
- Complete List
Traditional Home LoanTake out this loan when buying an existing residential property.
Bond Plus
Bond Plus lets you borrow 100% of the purchase price of your house plus 8% more to cover additional costs associated with buying a house.
Building Bond
You can apply for a building bond if you are intending to build a home. Once the building is completed, your bond will revert to a normal home loan.
Foreign Choice
This allows a foreigner or a South African who has emigrated to purchase a property in South Africa.
One Account
The One Account is an innovative product, secured by your home, that fulfills all the functions of a cheque account, overdraft, personal loan and home loan.
Choose the right facility for you
When applying for a facility on your home loan product, an affordability assessment will be done to find out exactly how much additional finance you can access.
Flexi Bond
You get access to surplus home loan funds 24 hours a day, 7 days a week if you have a transactional account with FNB. Alternatively, access to funds is available during business hours. Surplus funds include any prepayments, as well as a percentage of capital you have already repaid on your home loan up to a pre-determined limit.
Future Use
This enables you to register a bond greater than the home loan amount you require, creating an extra amount that may be accessed at a later stage.
Pre-Paid Finance
Withdraw any additional money that you have paid into your home loan account.
Repayment Choice
Increase your monthly instalment and save on interest. This also allows for you to pay off your home in a shorter period of time.
Re-Advance
This gives you access to the funds that make up the difference between your original registered home loan and the outstanding balance.
Further Bond
Obtain funds by registering an additional amount over and above your original registered bond amount.
Interest Rate Options
Fixed Rate
For the duration of your contract period (12, 18 or 24 months), the interest rate on your home loan remains fixed and is unaffected by any rise or fall of general interest rates.
Variable Rate
This is the standard interest rate option. The interest rate varies in line with current interest rate movements.
BA Linked Rate
The interest rate is directly linked to the publicly quoted three-month SAFEX BA rate (Bankers Acceptance Rate) and offers a highly competitive means of financing your home loan.
Home Loan Insurance
Home Owner's Cover
This insures your house and any structural improvements to the property. This cover is compulsory with any home loan.
Home Loan Protection Plan
This plan provides peace of mind in the unforeseen events of death, temporary and permanent disability and retrenchment.
Value Adds
FNB acts for ex-Saambou customers
Recent media reports have made reference to possible interest rate miscalculations prior to FNB acquiring the majority of Saambou home loans in 2002.
eBucks
Please note that as of 1 March 2007 eBucks will no longer be earned on home loans, but only on specific promotions. Any eBucks earned on home loans up until this date will not be affected and are still yours to spend.
inContact
This is our free messaging service. You will receive real-time notification of deposits, transfers, withdrawals and purchases on your FNB accounts via SMS and/or email.