FNB Bond Calculator
Work out your monthly FNB home-loan repayment at FNB's typical mid-market rate. The slider is pre-filled with 11% (prime + 0.75%) — adjust to model your own offer or compare scenarios. SA prime is 10.25% as of May 2026.
Purchase price of the property — what the deed of sale says.
10% of home price · 10–20% is the SA norm.
FNB typical offer ≈ 11% — Currently prime + 0.75% (SA prime is 10.25%, May 2026). Banks typically offer prime − 0.5% to prime + 1.5%.
20 years is the SA default. Longer term = lower monthly, far more interest paid over time.
Monthly bond repayment
R 13 935
on a R 1 350 000 bond over 20 years at 11.00%
Loan amount
R 1 350 000
R 1 500 000 − R 150 000 deposit
Total interest
R 1 994 290
148% of loan
Total repayment
R 3 344 290
over 240 months
Outstanding balance over time
Repayment uses the standard amortisation formula. Most SA bonds are variable-rate — your actual instalment will rise or fall when SARB changes the repo rate. This calculator does not include monthly bond admin fees (~R69/mo at most banks) or once-off bond initiation costs (~R6,000) — see the affordability calculator to find your maximum bond before you start house-hunting.
Ready to apply with FNB?
Get a real quote — your actual rate depends on income, deposit, and credit profile.
About First National Bank
FNB (First National Bank) is the home-loan division of FirstRand and one of the four big SA banks. It originates the largest share of new bonds outside of bond-originator channels — roughly 1 in 4 SA buyers gets their bond directly from FNB.
FNB's edge: the in-app pre-qualification flow gives existing FNB clients an indicative rate in a few minutes, often discounted vs. walking in cold. If you bank with FNB, applying directly (rather than through a bond originator) is usually cheaper because there's no originator commission baked into your rate.
What's specific to FNB
- ›Existing FNB customers usually get a small loyalty discount on the rate.
- ›Bond pre-qualification is built into the FNB app — no paperwork upfront.
- ›FNB allows access-bond facilities so you can withdraw extra payments later.
- ›Combined home-loan-and-current-account offers can shave the rate further.
Typical rate
11%
prime + 0.75%
Typical range
9.75–11.75%
By profile
Provider type
SA bank
Big four / retail bank
FNB bond costs at a glance
Four worked examples at FNB's typical 11% rate over a 20-year term. Type the same numbers into the calculator above to verify or change the term.
R1m home, 10% deposit
11% over 20 years
R1.5m home, 10% deposit
11% over 20 years
R2m home, 10% deposit
11% over 20 years
R2.5m home, 20% deposit
11% over 20 years
FNB home loans — frequently asked questions
What rate does FNB charge on a home loan?
FNB does not publish home-loan margins — every offer is individualised. Based on Ooba and BetterBond quarterly data through 2025, FNB's typical offer to an average buyer with a 10% deposit and stable income sits at prime + 0.5% to prime + 1.0% (so 10.75–11.25% at the current 10.25% prime rate). Strong applicants — high earners with 20%+ deposits and existing FNB banking — can get prime − 0.5% (9.75%). First-time buyers with thin credit may see prime + 1.5%+. The calculator above defaults to prime + 0.75% (11.00%) — the realistic mid-market FNB offer.
Can I get a 100% bond from FNB?
Yes — FNB offers 100% bonds (zero deposit) to qualifying applicants, particularly first-time buyers under FNB's First Home Buyers programme. Expect a slightly higher rate (typically +0.5% above what you'd get with a 10% deposit) to compensate for the higher risk. If you can save even a 5–10% deposit, the rate improvement usually outweighs the savings rate you'd earn on the deposit money — so put it into the bond.
Does FNB give a discount to existing customers?
Effectively yes, though FNB doesn't market it as a 'loyalty rate'. Existing FNB clients with a salary credited to an FNB account, an active credit history with the bank, and a track record of meeting commitments tend to get a 0.25–0.50% better rate than walk-in applicants of similar profile. The pre-qualification rate quoted in the FNB app reflects this — it's usually a fair preview of what you'll be offered formally.
How long does FNB take to approve a home loan?
FNB pre-qualifies you in minutes via the app. Formal approval (with the property identified, deeds, valuation done) takes 5–10 working days for straightforward cases. The full conveyancing process from offer-to-purchase signed to bond registration at the deeds office takes 8–14 weeks — that timeline is set by the conveyancing attorneys and deeds office, not the bank.
Should I apply directly to FNB or use a bond originator?
If you bank with FNB and have a clean credit profile, applying directly is usually marginally cheaper — bond originators (Ooba, BetterBond) are paid a commission by the lender, and that commission is reflected in the rate offered. If you don't bank with FNB, or your credit profile is borderline, a bond originator gives you 4–6 quotes from competing banks in one application, which usually beats anything you'd get walking into a single bank. Most buyers should use an originator; existing FNB clients with strong profiles can sometimes do better direct.
Sources: Default rate of 11% reflects FNB's typical mid-market offer based on Ooba and BetterBond quarterly home-loan statistics through 2024–2025. SA prime rate (10.25%) and repo rate (6.75%) sourced from SARB. Calculator uses the standard amortisation formula. FNB does not publish home-loan margins; every offer is individualised. This page is informational only — get a real quote from FNB or a bond originator before making any decision. Not financial advice.