Overdraft

An overdraft can help you manage your money better and access additional funds when you need it the most. Enjoy the convenience of an overdraft for those unforeseen emergencies and extra responsibilities.

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Understanding how it works

You need to have an active "qualifying" FNB transactional account to apply for an overdraft on the FNB App or Online Banking. The interest rate is subject to customer profile and scoring, with a minimum interest rate of prime + 1% and maximum of NCA Max.

Estimated overdraft repayment

The estimated monthly repayment on a R50,000 credit limit at an interest rate of 17.5% per annum would be R798, which includes all service fees and interest.

Credit limit: R50,000.00

Initiation fee: R0 (paid upfront in cash/deducted from the credit limit)

Nominal Annual Interest Rate (Variable): 17.50%
The interest rate is subject to the maximum annual variable interest rate allowed by the NCA.

Personalised Annual Variable Interest Rate: 13.00%
Should you conduct your Credit Agreement favourably (within the ambit of the terms and conditions) we may reward you with a rebate on the interest rate payable which is subject to customer profile and scoring.

Service fee: R69.00 (includes VAT)
This fee is payable monthly

Estimated monthly instalment payable (including capital, interest, fees and VAT): R798.00
Estimated minimum monthly repayment amount, including, interest, fees, and charges.

Estimated total of all instalments including capital interest, fees and VAT: R59,578.00
This amount is calculated on the assumption that:
a. Your interest rate does not change over the 12 month period
b. On approval, you use the total Credit Limit
c. You pay us the monthly instalment over a 12 month period
d. You do not withdraw again up to the original Credit Limit.

Alternative Fusion solutions for you

Get a day-to-day transactional bank account with a credit facility of up to 30 days' interest free on card purchases.

FNB Fusion Aspire

Start with more and enjoy simplified everyday banking with a linked credit facility, more rewards and value.

Required income

R84,000 - R450,000

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FNB Fusion Premier

Enjoy all-in-one convenience with a day-to-day bank account, a linked credit facility and eBucks rewards every time you use your card.

Required income

R300,000 - R749,999

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FNB Fusion Private Clients

A well-rounded transactional account with a credit facility and a focus on financial management.

Required income

R750,000 - R1,799,999

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FNB Fusion Private Wealth

A relationship-banking focused account that gives you all-in-one convenience with access to a dedicated private advisor and a linked credit facility.

Required income

R1.8 million or more per annum or R15 million net asset value

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Bank effortlessly

Access additional funds to use immediately when you need it the most and get a personalised interest rate.

FNB App

Online banking

Qualifying criteria

•FNB customer with an active FNB Current Account

•Be 18 years and older

•Pass affordability and credit scoring assessment

Required documents

•Green barcoded South African ID/smart ID card

•Latest 3 months' statements/3 months' payslips

•Proof of residence

Apply for an overdraft

Get additional funds when you need it the most.

Apply now

Get started

Need to know more or want to start the process? Let us call you back.

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