With load shedding in South Africa at its worst since inception, FNB is now offering customers inverters, UPS systems, solar back-up and other off-grid solutions from its banking app. The bank will offer solar home loans to new and existing mortgage accounts for both FNB and non-FNB customers, incentivising them to switch from their current banks. Solar loans will range from R50 000 and will be capped at 15% of the house value. The nav» Energy platform is a one-stop shop for energy-related things such as educational content and products. The bank claims it’s the quickest loan application option in the market, taking only six minutes and requiring no paperwork.
