FNB’s income threshold applies to one person, not your combined earnings. Alone or jointly, one applicant must earn R25,000 a month.
Match your chosen home’s value and your finances to FNB’s lending criteria
Your property must be worth at least R600,000; FNB assesses its location and market value. A deposit may be required, with the need and amount depending on the property’s value.
Approval needs clear credit and affordability. The service fee continues at zero balance until account closure and bond cancellation at the Deeds Office.
Your quoted interest rate and the costs around it
After valuation, FNB’s quote sets your amount and interest rate. Add transfer duty based on purchase price, legal bond and transfer fees, Deeds Office fees and postage. Municipal charges recur.
For new NCA Home Loans, initiation costs R6,037.50 and service R69 monthly, including VAT. This covers Easy, Aspire, Premier, Private Clients and Private Wealth.
The requirements for you and the home you choose
Your loan terms must state any exemption from life cover.
- You must be 18 or older and legally able to sign.
- Your home must be worth R600,000 or more.
- At least one applicant must earn R25,000 or more per month.
- You need property cover and, unless exempted, life cover.
Start your FNB Home Loan application
- Apply through nav» Home in the FNB App.
- Upload your documents through nav» Home.
- FNB values the home and prepares your final quote.
- After bond registration, FNB pays the seller.
FAQ
What insurance must I keep while repaying an FNB Home Loan?
FNB must approve home cover before registration; retain it. Joint applicants need full-bond life cover each unless loan terms exempt them.
Which documents do I need for an FNB Home Loan application?
Send your South African ID, income proof, form and marriage certificate if applicable. Add a signed offer and address proof up to 3 months old.
What extra documents apply if I bank elsewhere or work for myself?
If self-employed, supply your latest financial statements. If you bank elsewhere, add three months’ bank statements and payslips.
Can I arrange access to more borrowing for later?
With Future Use, register a larger bond upfront. Access to the surplus later needs credit approval, but no further bond registration.