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  • Vehicle Finance up to R200,000
  • Low-interest starting from 10.25%
  • Repayment up to 72 months

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Author FNB. Screenshot of FNB website.
[Accessed May 8, 2023]

About FNB

First National Bank (FNB) is one of the oldest banks in South Africa, dating back to 1838. Originally known as the Eastern Province Bank, it was renamed the First National Bank of South Africa in 1968.

They have a rich history of innovation and was the first bank in South Africa to introduce ATMs, online banking, and cellphone banking. Today, FNB is one of the largest banks in South Africa and continues to be at the forefront of digital banking technology.

A lender holding more than a quarter of the country’s banking market

As of 2021, FNB held approximately 25% of the South African retail banking market, which includes personal and business banking services.

The bank's market share has steadily grown over the years, thanks in part to its innovative approach to banking and its commitment to providing excellent customer service.

FNB's strong presence in the market is a testament to its success in meeting the needs of its customers, and its ongoing efforts to improve its products and services ensure that it remains a competitive player in the banking industry.

FNB’s corporate social responsibility initiatives

The bank focuses on four main areas: education, entrepreneurship, health, and the environment. In the education space, FNB partners with organizations to provide scholarships and bursaries to students from disadvantaged backgrounds.

Their entrepreneurship initiatives include funding and mentorship programs to support small business owners and startups.

They also support healthcare initiatives through partnerships with clinics and hospitals to provide medical services to underprivileged communities.

Finally, their environmental initiatives include conservation and sustainability programs, such as the planting of trees and the promotion of energy efficiency.

Bold plans for the future

As one of the leading banks in South Africa, FNB has a bold vision for the future. The bank is committed to continuing its digital transformation, leveraging technology to enhance the customer experience and streamline operations.

They’ve made significant investments in its digital infrastructure in recent years and plans to continue to expand its range of digital products and services, including mobile banking and online payment solutions.

FNB Services

FNB offers a wide range of services to individuals, including personal banking, investment and wealth management, insurance, and home loans.

The bank's personal banking services include checking and savings accounts, credit cards, personal loans, and foreign exchange services.

Their investment and wealth management services include a range of investment options, from fixed deposits to shares and exchange-traded funds (ETFs).

They also offer insurance services, including life, car, and home insurance, as well as funeral cover. FNB's focus on digital banking means that many of these services can be accessed online or through the bank's mobile app.

FNB’s car finance services

FNB's vehicle finance options include hire purchase agreements and installment sale agreements, which allow customers to purchase a vehicle and pay it off over time.

The bank also offers balloon payment options, which can help to lower monthly repayments, and allows customers to trade in their current vehicle for a new one at the end of the finance term.

Their vehicle finance solutions are designed to be flexible and customizable, with competitive interest rates and repayment terms that are tailored to each customer's needs.

Here are some of the types of car loans available from FNB:

  1. Hire Purchase Agreements: This type of car loan allows customers to purchase a vehicle and pay it off over time, with monthly repayments that include interest.
  2. Installment Sale Agreements: Similar to hire purchase agreements, installment sale agreements also allow customers to purchase a vehicle and pay it off over time, with interest included in monthly repayments.
  3. Balloon Payment Options: Balloon payment options allow customers to pay off a portion of the vehicle's value at the end of the finance term, which can help to lower monthly repayments.
  4. Trade-In Options: FNB also offers trade-in options, which allow customers to trade in their current vehicle for a new one at the end of the finance term.
  5. Refinancing Options: FNB's refinancing options allow customers to refinance an existing vehicle loan, which can help to reduce monthly repayments or obtain a better interest rate.

FNB – Vehicle Finance

  • Loan Type Vehicle Finance
  • Interest Rate from 10.25%
  • Loan Amount up to R200,000
  • Repayment 160 days to 72 months
  • Decision 24 hours

Benefits of FNB

  • Fixed interest rate
  • Comprehensive travel insurance
  • Revolving car loan

Vehicle Finance calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This vehicle finance calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Getting a car loan from FNB: Everything you need to know about the application process

According to the bank's latest financial statements, as of June 2021, FNB had a market share of around 20% in the car finance industry, making it one of the largest providers of car loans in the country.

This means that a substantial number of South Africans have car finance with FNB. FNB's competitive interest rates, flexible repayment terms, and easy application process are some of the factors that have contributed to its success in the car finance market.

Eligibility criteria required to apply for a car loan with FNB

  1. Age: Applicants must be at least 18 years old.
  2. Income: Applicants must have a regular income and meet FNB's minimum income requirements.
  3. Employment: Applicants must be employed, self-employed, or have a stable source of income.
  4. Credit History: FNB will conduct a credit check to determine the applicant's credit history and score.
  5. Documentation: Applicants must provide valid identification documents, proof of residence, and proof of income.
  6. Vehicle Age: FNB may have restrictions on the age of the vehicle being financed.
  7. South African Residency: Applicants must be South African residents.

Here's an outline of the process of getting a car financed through FNB:

  • Determine Your Budget: Before applying for a car loan, it's important to determine your budget and what you can afford. Use FNB's online car loan calculator to get an estimate of your monthly repayments based on the loan amount, interest rate, and repayment term.
  • Apply Online: FNB's car loan application process is simple and can be completed online or through the bank's mobile app. To apply, you'll need to provide personal and financial information, including your identification documents, proof of income, and employment details.
  • Receive Approval: Once your application is submitted, FNB will review your information and conduct a credit check. If approved, you'll receive a car loan offer with the loan amount, interest rate, and repayment term.
  • Choose a Vehicle: With your loan offer in hand, you can start shopping for a vehicle that fits within your budget. FNB's car loan options are flexible, and you can choose to purchase a new or used vehicle from a dealer or private seller.
  • Finalize the Loan: Once you've found the right vehicle, FNB will finalize the loan agreement with you and the seller. This will include agreeing on the interest rate, repayment term, and any other terms and conditions.
  • Take Delivery of Your Vehicle: Once the loan is finalized, you can take delivery of your new vehicle and start enjoying the freedom and convenience of owning your own car.
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FNB is a trusted & reliable provider of vehicle finance

In our review, FNB adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ FNB is a registered credit provider in South Africa: NCRCP16

FNB Contact

Physical Address

  • 13, Thebe Hoskins House, 4 Breda St & Mill Street Cape Town Cape Town CBD 8001 South Africa
  • Get Directions

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday 08:30 – 12:00
  • Sunday – Closed