Lender FNBSA has bolstered its residential solar financing solutions, with a new option that allows clients to add a loan facility to their existing bond to fund the installation of solar energy systems to their homes Moneyweb NtandoThukwana SolarLoan
Lender FNB has bolstered its residential solar financing solutions, with a new option that allows clients to add a loan facility to their existing bond to fund the installation of solar energy systems to their homes. The “energy home loan” utilises available funds in an existing mortgage bond, or can be added to a new home loan, Sizwe Nxedlana, FNB’s private segment CEO said on Monday. Read all our Eskom coverage here.
“FNB will pay the deposit directly to the supplier upfront, so the customer will not be out of pocket unless there is a difference between the approved loan amount and the cost of the renewable energy solution selected by the customer, in which case the customer pays the difference or selects a more affordable solution,” the bank said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FNB launches energy products on mobile app — including power stations, inverters, and generatorsFNB has started selling energy products on its mobile banking app and is offering customers the ability to take out solar financing through a home loan.
Read more »
FNB launches solar funding solutions - TechCentralFNB has introduced a range of new credit options to allow its clients to install solar energy solutions.
Read more »
You can now fund solar through your FNB home loan – here’s how it worksOne of South Africa’s major banks offers a new solution for alternative power supplies.
Read more »
FNB adds solar loan facility to home mortgages.FNBSA introduces home solar loans for customers, as SA continues to suffer electricity shortages. Loadshedding solar SolarLoans FNB
Read more »
FNB launches new credit accounts – including for those looking to build a credit recordFNB launches new credit accounts - including for those looking to build a credit record
Read more »
RATES BLUES: Homeowners brace for hikeThe monthly repayment on a R2m home financed over 20 years was R11,800 in November 2021 when the prime lending rate was at its lowest, at 3.75%. The figure now sits at R20,200.
Read more »