1. What is the FNB Personal Loan Calculator?

The FNB Personal Loan Calculator helps you estimate your monthly payments for a personal loan from First National Bank (FNB) in South Africa for 2025. It uses the standard loan amortization formula to calculate your payments based on the principal amount, interest rate, and loan term.

2. How Does the Calculator Work?

The calculator uses the standard loan payment formula:

Where:

• \( P \) — Principal loan amount (ZAR)
• \( r \) — Monthly interest rate (annual rate ÷ 12)
• \( n \) — Number of monthly payments
• \( PMT \) — Monthly payment amount (ZAR)

Explanation: The formula accounts for compound interest over the life of the loan, spreading payments equally over each month.

3. Importance of Loan Calculation

Details: Understanding your monthly payment helps with budgeting and ensures the loan is affordable. It also shows the total cost of borrowing, including interest.

4. Using the Calculator

Tips: Enter the loan amount in ZAR, the annual interest rate (FNB's current rates), and the loan term in months (12-84 months typical for personal loans).

5. Frequently Asked Questions (FAQ)

Q1: What is FNB's current interest rate for personal loans?
A: As of 2025, FNB's personal loan rates vary between 9.75% and 24.50% depending on credit profile and loan terms.

Q2: What is the maximum loan term available?
A: FNB typically offers personal loans with terms from 12 to 84 months (7 years).

Q3: Are there any fees not included in this calculation?
A: FNB may charge initiation and service fees. These are typically a percentage of the loan amount plus a fixed monthly fee.

Q4: Can I pay off my loan early?
A: Yes, but early settlement may incur a penalty. Contact FNB for their current early settlement policy.

Q5: How accurate is this calculator?
A: This provides an estimate. Your actual payment may differ based on FNB's specific terms, fees, and your credit profile.