Now you can use a Credit Card to consolidate your debts, lower your monthly expenses and qualify for a home loan. With an FNB Visa Credit Card you’ll be able to consolidate all your debts into one card and pay it off at an INTEREST RATE OF PRIME -1%!
The number one obstacle potential homeowners face when applying for a HomeLoan is affordability problems.
Debt consolidation is one of the first steps to releasing yourself from the heavy burden of credit cards, personal loans and retail cards. But, debt consolidation often refers to using your existing home loan to consolidate all your accounts into one low interest account.
FNB’s Balance Transfer promotion extends the privileges of Debt Consolidation from existing homeowners to all of us. Now you don’t need a property to enjoy below prime rates on your outstanding balances.
Another major advantage of the FNB Visa Card is that you can use it to lower your monthly expenses to boost your chances of securing a Home Loan for your new house.
How does it work? – click here for more info
With the Balance Transfer offer from FNB, you can transfer all your outstanding debt (retail debt, short-term loans, personal loans and other credit card debt) into the budget facility of your Visa Credit Card, and pay it off at an interest rate of Prime minus 1% over 9 months
During that time you’ll be able to catch up with all your debts and payoff much more of the outstanding balances, than you would’ve with a normal credit card.
After 9 months the interest rate will shoot up to the ruling interest rates, but before that happens you can use your home loan to consolidate the full outstanding debt and extend the term – to lower your overall monthly expenses.
Got a question / Need more assistance?
For more assistance with regards to applying for Home Loan Finance contact one of our consultants.
Ph: 0861 111 563
or Complete This Online Form