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Edgars home loans

First National Bank and Edgars Consolidated Stores are to offer home and personal loans to the retail group's 4,1 million store-card customers. Home loans would be offered to first-time buyers and to customers who wanted to change their bank. In addition to "scouring the market for the best possible deals", the loans would include a rewards programme in the form of store vouchers, while customers would be offered discounted conveyancing fees.

This venture should allow FNB to grow its mortgage and personal lending advances with Edcon sharing the cost of marketing the new business.

Article on Business Day

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