As recently as a year ago its strategies were sometimes controversial but FNB stuck to its underlying mission of trying to help the (sometimes pig-headed) South African consumer. When First National Bank announced it was reassessing bonds where homes had not yet been transferred, everyone went crazy. To themselves prioritize clients’ long-term capacity to pay off their mortgage in an increasingly difficult economic climate - the bank’s intention, however, was to go where no bank had gone before. Should we actively help customers dig themselves into a financial hole they will never get out of,why, argued FNB, albeit not in so many words? Let’s take a look at some of the FNB Home Loans options: the Traditional Home Loan, the Building Loan and their home loan optional add-on features and tailor-made solutions. The basic building block that provides finance to purchase a home is the Traditional Home Loan. It’s a flexible home loan that can be adapted with a host of add-ons in a myriad of ways to suit your personal needs. Do you have any idea about the structuring of the Traditional Home Loan? You, or you and your partner, will need a minimum joint income of R10,000. The real estate you decide to purchase should be worth a minimum of R300,000. You can select your loan term for up to 30 years and interest rate options include variable, fixed and BA-linked,finance is offered for up to 100% of the property value. Future Use and FlexiBond options allow you to tailor this loan to your needs so that you can draw cash against your loan but remain in control of your debt without becoming unwittingly drawn into a financial scenario you can’t afford. At anyone who wants to build their own dream home but needs a little help getting started,the classic Building Loan is aimed. After you’ve built the house, the construction bond converts to a standard mortgage.You will get up to 100% of the building contract price (including the land) and you get breathing space with up to six progress payments so you can ensure the building process can stay on track. You can choose your loan term for up to 20 years and the building Loan repayments are interest-only repayments until the last payout. The interest rates are limited to variable until the building process is complete, but then you get to choose your rate. You will need to verify that your home was constructed by a registered builder. FlexiBond add-on options give you the same flexibility as the Traditional Home Loan Your career advances and your lifestyle changes,your housing needs are unique and they change as your family grows. You want a home loan to help you handle your personal needs, and FNB knows all about this. FNB has plenty of experience in the global financial marketplace and is proudly South African.