FNB’s Temporary Loan is an interest-free advance of up to R10,000 paid into your account immediately, with no documents. To qualify you must be an FNB customer with an active transactional account for six months or longer, be 18 or older, be a South African citizen and pass FNB’s affordability and credit scoring assessment.
You take it on the FNB App or by cellphone banking (*120*321#). FNB’s current Temporary Loan pages name those two channels; they do not name the ATM, although a 2024 FNB document listed ATM as a channel. If you are looking for an ATM loan, check in the FNB App first, then ask FNB.
Eligibility Requirements at a Glance
- An FNB customer with an active transactional account for 6 months or longer.
- 18 years or older.
- A South African citizen.
- Pass FNB’s affordability and credit scoring assessment.
FNB’s page also lets you check pre-approval online. A 2024 FNB document said the customer had to be pre-approved and in good standing, so the offer depends on your account, not on an application you can force.
Income and Affordability Requirements
The loan is subject to an affordability assessment. FNB publishes no income threshold for it; the assessment looks at what you can afford to repay.
FNB states that the amount is between R100 and R10,000, and that repayments are taken from deposits into your transactional account through scheduled payments. Because repayment comes out of your next deposits, part of your next income is already committed.
Credit and Financial Requirements
FNB states the loan carries no interest, with one initiation fee that varies by loan amount up to a maximum of 13%, and a repayment term of 31 days. FNB’s older Temporary Loan page, which still carries these figures, may lag its newer page, so read the fee shown on screen before you accept.
Expressed as a percentage of a small amount over 31 days, a fee of that size is a real cost. Ask what you repay in total, not just what you receive.
If you cannot repay on time, speak to FNB early, or to a registered debt counsellor if the shortfall recurs.
Documents and Verification Required
FNB states that no documents are needed for a Temporary Loan, because FNB already holds your details from the account. The account itself required FICA identification when it was opened.
How to Apply and Improve Approval Readiness
- Open the FNB App, or dial *120*321# on your cellphone.
- Look for the Temporary Loan offer and the amount available to you.
- Read the initiation fee and repayment terms before you accept.
- Keep income going into the same transactional account, because repayments are taken from deposits into it.
You can view the product on FNB’s Temporary Loan page. If the offer is not available to you, FNB, not an application, decides when it appears.
Frequently Asked Questions
Can I get an FNB loan at an ATM?
FNB’s current Temporary Loan pages list the FNB App and cellphone banking (*120*321#) as the channels. A 2024 FNB document listed ATM as a channel too, so ask FNB whether it is available to you before going to an ATM.
How much can I borrow?
Between R100 and R10,000, as FNB states. The amount offered to you depends on FNB’s assessment.
Who qualifies?
An FNB customer with an active transactional account for six months or longer, aged 18 or older, a South African citizen, who passes the affordability and credit scoring assessment.
How is the loan repaid?
Through scheduled payments taken from deposits into your transactional account, over a 31-day term.
What does it cost?
No interest, plus one initiation fee that varies with the loan amount up to a maximum of 13%.
Confirm the current position with FNB before you apply. See loan requirements and browse all finance and funding requirements.