CAPE TOWN – First National Bank (FNB) at an event in Sandton announced that customers that use their smartphone banking app can now list and sell their home securely to buyers who qualify for a home loan on the app.
This feature can be found in the app under: nav>> Home to the service.
FNB Retail chief executive Raj Makanjee said in a statement: “With over eight million properties registered in the deeds office, we see a significant opportunity to become a game-changer in the property industry."
Jolandé Duvenage, Nav chief Imagineer said in a statement: "The new functionality allows known FNB sellers to connect with known FNB buyers in a reliable, cost-saving and secure environment. This allows us to build upon our existing home marketplace, which enables the ability to either sell through an estate agent or privately."
Advantages for sellers and buyers
According to FNB, there are multiple benefits to selling and buying properties when using the function on the app.
FNB states that for sellers, they will have access to thousands of buyers who can qualify for a home loan and are able to calculate their savings upfront.
The bank said its six-step property listing process is quick and convenient, and sellers will be able to monitor the number of views on their listing along with other listings in their area.
Sellers will also be able to manage and edit their listing at any time.
For buyers, customers can request approval for a home loan quickly through the app and access other nav>> Home tools like calculators, instant free value estimates, and property reports.
Buyers can also get 50% back in eBucks on their first home loan repayment and up to 50% off bond registration fees with a selected panel of attorneys.
Today, at the nav» Home // Sell your Home launch, we'll hear from SA's top FinTech minds about the future of banking. Meet Jolandé Duvenage, nav» Chief Imagineer (CEO) #FNBnav pic.twitter.com/9WxCPl44XS— FNB South Africa (@FNBSA) October 31, 2018
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