{"id":320000,"date":"2019-05-29T09:49:53","date_gmt":"2019-05-29T07:49:53","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=320000"},"modified":"2019-05-29T09:49:53","modified_gmt":"2019-05-29T07:49:53","slug":"businesses-can-now-apply-for-credit-through-the-fnb-app","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/320000\/businesses-can-now-apply-for-credit-through-the-fnb-app\/","title":{"rendered":"Businesses can now apply for credit through the FNB app"},"content":{"rendered":"<p>FNB will now allow businesses to completely take up credit and investments via its mobile app.<\/p>\n<p>The product allows businesses with an annual turnover between R0 and R60 million to apply and get an overdraft, business loan and revolving loan, the bank said.<\/p>\n<p>&#8220;Historically, our business customers could only apply for credit via branches or online banking,&#8221; said Daniel Kaan, CEO of Business Core Banking at FNB Business.<\/p>\n<p>&#8220;Given that over 50% of all FNB Business credit is currently being digitally originated and approved, SMEs will now conveniently and seamlessly take up credit through a channel of their choice.&#8221;<\/p>\n<p>Kaan said that FNB offers a 48 Hour Notice Investment account for SMEs, which allows them to easily access their cash within a period of two days.<\/p>\n<p>&#8220;This account is predominately used to manage cash flow and operating expenses. Businesses can manage it on the app, with an option to reinvest or transfer interest to another account,&#8221; he said.<\/p>\n<p><strong>How to apply<\/strong><\/p>\n<p>FNB said that SMEs can take up credit or investments by following a few simple steps on the FNB App:<\/p>\n<ul>\n<li>Logging in and selecting Business Credit Solutions\/Investments;<\/li>\n<li>Opting for the preferred option;<\/li>\n<li>Viewing the quote and accepting the agreement;<\/li>\n<li>Businesses without an FNB Account will be offered the products during the application process.<\/li>\n<\/ul>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/banking\/318460\/standard-bank-launches-new-low-cost-account-that-rewards-users-with-free-mobile-data\/\" target=\"_blank\" rel=\"noopener noreferrer\">Standard Bank launches new low cost account that rewards users with free mobile data<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FNB will now allow businesses to completely take up credit and investments via its mobile app.<\/p>\n","protected":false},"author":10,"featured_media":232963,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[76,26],"class_list":["post-320000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-fnb","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/320000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=320000"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/320000\/revisions"}],"predecessor-version":[{"id":320012,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/320000\/revisions\/320012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/232963"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=320000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=320000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=320000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}