Friday, 2 March 2007

FNB - First National Bank home finance

Being a Discovery Health member, yes I'm one of those lucky few ;-), I get to receive that awesome Discovery magazine of theirs. Now I'll be honest, this morning for the first time in 5 years of getting this magazine I actually decided to open it up and read a couple of articles.

Much to my surprise they sent a little booklet with the benefits of having a Discovery card. Browsing through this incredible little booklet consisting of 150 pages I found an article on FNB and Discovery Health offering some great "benefits" with regards to home loans.

Looks like if you're a Discovery Health Vitality member and you switch your home loan to FNB you'll receive up to 10% of your monthly home loan repayments paid back to your Discovery Card.

There are some catches from what I can see :

1. If you're already with FNB there's an activation fee of R3000 per home loan
2. There's a registration fee per home loan that's not with FNB
3. There could be a penalty of up to 90 days interest charges from your bank (OUCH) if you do not adhere to their requirements (probably varies depending on the bank)

SO, the question is...Does it pay to switch to FNB?
For more information please visit Discovery Card Benefits

WizardMan Out!


Anonymous said...

hey Wizard Man. thanks for visiting Travel South Africa! Let link out sites! ciao JJ said...

This is good for the people of the country and they will surely get the benefit out of it

Payday Loan said...

Good post about FNB as provide good information.I liked your post as provide good information.

Goa Escorts said...

Such this is really a helpful one in managing the finance.Thanks for such post.

Gurgaon Escorts said...

Thanks for such a great information but how it is possible to redirect the user if once he has entered his email address?
Gurgaon Escorts

payday lenders said...

You have shared nice information regarding FNB.This is really a fabulous information shared by you.Thanks for such an updated post.
dDoca From

car hire said...

Really, you have shared your great ideas and thoughts. It's excellent and very nice.

Mortgage Specialist said...

Thanks for the great post as many times I have seen that people read and apply without understanding the entire concept behind each thing.

Australian Finance said...

This post is really very informative and effective. I like it. Thanks for sharing with us.