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First National Bank (FNB)
Get funded in one day, repay as you sell. One-off fee, no interest, easy online application and pre-approval for FNB merchants.
The FNB Cash Advance is a business funding solution designed for South African merchants needing rapid and flexible access to working capital. Instead of a typical loan structure, this product provides a cash injection upfront, which is repaid via a percentage of your future daily card sales. Unlike traditional loans, there is no interest charge—only a one-off fee, making the cost of funding clear from the start. Applications are fully digital, and existing FNB Merchant Services clients may even be eligible for pre-approval.
How to Apply for FNB Cash Advance
- Log in to the FNB App or online banking portal
- Navigate to offers and check if you qualify for a Cash Advance
- Customise the loan amount, term, and repayment percentage
- Accept the tailored offer and complete the application
- Receive approved funds within one business day
Key Advantages
One of the FNB Cash Advance’s greatest strengths is the speed of access: successful applicants typically receive funds within a day. Flexible repayments are another major plus, allowing businesses to repay based on a percentage of their actual turnover. The lack of an interest rate – replaced by a transparent, fixed fee – further enhances its appeal for cash-flow management.
Moreover, everything can be handled online or via the app, with no paperwork to worry about. This transparency and ease are considerable benefits for busy entrepreneurs.
Potential Downsides
This funding is only available to FNB Merchant Services clients, restricting access for businesses using other providers. Additionally, because repayment is a share of daily card takings, inconsistent sales periods could affect your cash flow planning.
Finally, while the lack of interest is positive, applicants must consider the one-off fee and compare its total cost to other funding options based on their specific situation.
Verdict
For South African merchants looking for fast access to business funding with flexible, turnover-based repayments, FNB Cash Advance is a compelling choice. It combines ease of use, transparency, and convenience. However, ensure you fully understand the one-off fee structure and eligibility conditions before applying. Ultimately, it’s a modern solution for fast-paced business finance needs without the hurdles of traditional loans.
