FNB gives a bit of light on the horizon
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| FNB gives a bit of light on the horizon |
| FNB is the first bank to reduce its deposit requirement to 5% on homeloans up to R1.5 million On a loan of R1.5 million, this means R75 000 less that needs to be found by the buyer. Some may remember that FNB was quick to become stricter when the banks were starting to clamp down in the beginning stages. Although, there is still along way to go, its a bit of warmth offered to us in this wintery period and the other banks may follow within the next 6 months. |
