FNB Flexi Business Loan

Comparison Overview:

• Product: Flexi Business Loan
• Minimum Loan Amount: n/a
• Max loan amount: R2,000,000.00
• Min repayment period: n/a
• Max repayment period: max initial term of 60 months
• APR: n/a

Product Overview

Get access to repaid capital with the FNB Business Flexi Loan which gives you access to capital you have already repaid on the loan. Once you have repaid 15% of the loan, you have access to these funds again to use in your business.

What you get

• Redraw funds. Once 15% of the capital amount has been paid
• Initial terms. 60 months, and a maximum loan amount of R2 000 000
• Monthly payments. Set up debit order from your Business Accounts
• Fixed repayment amount. If the term is extended to accommodate any increased loan balances
• Flexible interest rate. Linked to prime - adjusted as the prime lending rate changes

Qualifying criteria

1. An active FNB Business Account in good standing, operating for 15 months or more, with annual turnover of R500 000+.
2. Residential property collateral

What you will need

• Existing FNB Business Account holder
  • For business finance of less than R400 000
    • You may not be required to submit supporting documents or collateral.
  • For business finance of more than R400 000
    • A Business Finance application form
    • Signed financial information (annual financial statements and year-to-date management accounts)
    • Projections (cash flow statements, income statements and balance sheets)
• Don’t have an existing FNB Business Account
  • 6 months' bank statements
  • Signed financial information (annual financial statements and year-to-date management accounts)
  • Projections (cash flow statements, income statements and balance sheets)
  • A business plan to demonstrate the viability and sustainability of the business
  • Should your application be successful, you are required to open a Business Account

APPLY FOR A BUSINESS LOAN HERE