Organization : FirstRand Bank Limited
Competition Name : Revolving Loan Competition
Applicable For : South African Citizen
Competition Closing Date : 30 June 2017
Prize : R150 000.00 Revolving Loan Credit
Website : https://www.fnb.co.za/
Terms & Conditions : https://www.southafricain.com/uploads/8027-RevolvingLoanCompetition.pdf
Revolving Loan Competition :
Promoter(s) Name(s) :
** This competition is run by First National Bank (FNB), a division of FirstRand Bank Limited with Reg. No. 1929/001225/06.
** In these rules, “we” refers to the above promoter(s) as “the promoter(s)”, or “us” or “we”. We will refer to participants and winner as “you”
Related : First National Bank Win a Turquoise VIP Experience Competition : www.southafricain.com/6884.html
Important Dates And Times :
Entries open :
** Entries open at 11:59:59pm on 26 April 2017
Entries close :
** Entries close at 11:59:59pm on 30 June 2017
** The promoter(s) reserve the right to extend the competition. Notice of this will be posted in these rules.
Winner will be announced on : 13 July 2017
Prize :
** In addition to this competition being opened to Gold customers, Premier, Private Clients and Private Wealth customers who have a Revolving Loan Credit Facility, will stand a chance to have up to a maximum of R150 000.00 (One Hundred and Fifty Thousand Rand) of their outstanding balance on their Revolving Loan Credit Facility, as at the date of draw, paid in full.
** The payment of the prize will be made directly into your Revolving Loan Credit Facility account.
** The prize value will seek to settle the outstanding amount on your Revolving Loan Credit Facility that is the outstanding capital, interest and fees, up to a maximum of R 150 000.00 (One Hundred and Fifty Thousand Rand).
Please see illustrative example :
** You have a Revolving Loan Credit Facility in the amount of R 50 000.00 (Fifty Thousand Rand).
** As at the date of the competition draw you have an outstanding balance of R30 000.00 (Thirty Thousand Rand).
** FNB will pay the outstanding balance of R30 000.00 (Thirty Thousand Rand) into your Revolving Loan Credit Facility.
** The winner may continue to use the Revolving Loan Credit Facility after receiving the prize.
Eligibility :
Who qualifies to take part?
** This competition is now open to any legal resident of the Republic of South Africa who is a natural person that is a Gold, Premier, Private Clients and Private Wealth account holder, with a Revolving Loan Credit Facility.
** In order to guarantee eligibility into the competition draw, you must maintain your Revolving Loan Credit Facility monthly repayment during the competition period and your Revolving Loan Credit Facility must be *active and in good standing at the date of the draw.
** Should you miss your monthly repayment during the competition period, you will be disqualified.
Who cannot take part?
The following persons may not take part in this promotion even if they qualify to take part.
They will forfeit (give up) any prizes awarded to them :
a) Easy Account holders
b) Private Wealth VIP and Signet account holders
How to enter?
If you pay and maintain payments of your Revolving Loan Credit Facility monthly repayment amount during the competition period and are not in arrears on your Revolving Loan Credit Facility as at the date of the competition draw, you will automatically be entered into the competition.
Is there a limit on the number of times you can enter?
Maintaining your monthly Revolving Loan Credit Facility repayment amount over the competition period and not being in arrears on your Revolving Loan Credit Facility as at the date of the competition, gains you 1 (one) entry into the draw.