iStore and FNB now give you the option of buying your Apple product with a reduced interest rate payment plan. Your qualifying FNB credit card will be charged for the full amount, after which the reduced monthly instalments will be applied. Then after 12 or 24 months you’ll have the choice to trade in your new product, which will offset your outstanding instalments and allow you to purchase a new product.
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How it works
STEP 1
Purchase
Purchase your Apple product using one of the qualifying FNB and RMB credit cards.
STEP 2
Credit facility
Full amount of your purchase comes off your straight facility. Your full purchase amount will then be transferred to budget facility within 3-5 working days.
STEP 3
Interest
An 11.25% interest rate is applied on your monthly instalments.
STEP 4
SIM
Add a SIM only deal from any major network, or keep your current SIM and number. You can also opt to skip this step.
STEP 5
Trade in option
After 12 or 24 months, you have the choice to trade in and up to a new product or continue with your monthly instalments.
Frequently Asked Questions
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What credit cards may be used for the payment plan?
Aspire, Premier, Private Client and Private Wealth credit cards qualify for this offer. Fusion Cardholders and all Business Cardholders are excluded.
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What documents do I need to bring in?
None, just bring yourself and your qualifying credit card. We will only require the ID number of the account holder at checkout.
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What are the budget options available?
Instalment options on the FNB Budget plan vary depending on the device and are linked to either 12 or 24 month trade in options. Please note, should you trade in at either 12 or 24 months, you will be liable for the outstanding monthly instalments. Which you can pay monthly for the duration of your agreement or pay off with your cash back trade-in.
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How does it work?
Once you’ve chosen your qualifying product, the amount will first come off of your straight facility and be moved over to budget within 2-5 working days. Please note that the full value of your purchase will reflect against your credit balance and will only become available as instalments are paid each month.
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How does trade in work?
After 12 or 24 months you’ll have the choice to trade in your product, which will offset your outstanding instalments and allow you to purchase a new product. Trade in value dependant on condition of product at time of trade determined by in store evaluation.
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How do I pay using the the FNB budget plan offer?
Select FNB Budget Option in the payment section at checkout.
Select the payment term and input the account holders South African ID number. Continue to pay using a qualifying FNB credit card. -
What is the interest rate applied on monthly instalments?
11.25% interest rate is applied on monthly instalments.
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How many products can I purchase with the FNB budget plan?
Applicable on 4 products in a budget period.
Terms and conditions
First National Bank – a Division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).
Product and Campaign Terms & Conditions apply.
Subject to a maximum of 4 devices per credit card account.
*Only credit cards displayed qualify for the iStore FNB programme. FNB Fusion Cardholders and all Business Cardholders are excluded - note that this is not an exhaustive list.
*Trade in value dependant on condition of product at time of trade-in. The value is determined by in store evaluation.
Trade-in terms and conditions Exclusive to iStore in South Africa. All rights reserved.
Trade-in is completed in-store only.
The value of the trade-in during the in-store valuation process is subject to the applicant being the lawful owner of the device and the device being in good working order, with no damage whatsoever to the screen, no liquid damage, no damage to the outer shell, including any scratches or small dents, and the device has not had any unauthorised repairs. iStore may decrease the amount of the trade-in valuation if the above conditions are not met or are found to be untrue. A reduced cashback amount will be paid if the working Apple charger/power cable does not accompany the device when trading it in. A second evaluation will be completed at the iStore central processing centre and should the second evaluation be significantly different to the in-store assessment the applicant will be contacted and offered an amended trade-in value or arrangements will be made to return the device. Assessment results are final.
All user data must be removed from the device. One Mac may be traded in against one new/upgrade iPhone/Mac/iPad/Watch purchase, either on cash or cellular contract purchase if applicable. If the device to be traded in is linked to a cellular contract, the trade-in can only occur if the device you are trading is linked to a cellular contract older than 6 months, or no money is owed / outstanding towards the payment of the device. Should there be any money owing / outstanding on the device accepting these terms and conditions serves as a declaration that all outstanding money on the device or any obligation to the cellular network for this device will be settled in full, irrespective of whether the device is traded in before the contract expires. When you buy a new iPhone/Mac/iPad/Watch for cash, take out a new cellular contract, or upgrade an existing contract the trade in amount will be passed as cashback via Electronic Funds Transfer only.
Payments will only be made into South African registered bank accounts. Should all above conditions be met allow 14 working days for the committed cash amount to be transferred. Device Trade-in will not be considered if the serial number on the device has been removed, damaged or hidden or if the device itself has been altered, tampered or meddled with in any way. iStore will not be held liable for any misrepresentation caused due to an unintentional copy error, and/or omission that may occur on any of our material.
Only Apple products bought in South Africa from Authorised Resellers are eligible for trade-in at iStore E&OE.
For banking terms and conditions, please refer to the following link
For RMB terms and conditions, please refer to the following link
iStore & FNB Offer
These terms and conditions, together with the trade-in Terms and Conditions apply when purchasing an Apple product from iStore through the iStore & FNB Offer.
What is the iStore & FNB Offer?
It is a facility provided by FNB and iStore that gives you a trade-in opportunity at 12 or 24 months with an extended term to pay off your Apple product at a reduced interest rate.
Device payment
FNB will transfer the value of your selected products to a budget facility on your FNB credit card, over the budget instalment term at prime interest rate, with an option to trade in at 12 or 24 months. The budget instalment will be payable as per the standard terms and conditions on your FNB credit card.
FNB Terms and Conditions
Visit the FNB website -> About FNB + Legal -> Promotions Terms and Conditions
Prefunding your FNB Credit Card for the iStore purchase will not qualify the transaction for the budget plan promotional interest rate, specifically if the limit does not cover the purchase amount. Prefunding means that the purchase was not done on credit but with your own funds.
General
iStore and FNB Offer cannot be used in conjunction with gift vouchers or coupons.
iStore may change the terms and conditions for the iStore & FNB Offer as a result of changes in legislation, changes to the agreements with our suppliers, and/or changes to business rules. Please therefore keep yourself fully informed of the terms and conditions for the iStore & FNB Offer at all times, as this remains your responsibility.
You agree that we may share with FNB all your information, including information pertaining to the trade-in and this contract. We may also forward a copy of this contract to FNB.
Ownership of the device vests in the Customer and no third party shall have any right, title or interest in and to the device.
iStore shall at all times be entitled to cede its rights and delegate its obligations, in terms hereof, to any third party.
A reference to iStore means ZA Online Store (Pty) Ltd t/a iStore (Registration Number 2003/022401/07), its nominees, orders or assigns.
Click here to view FNB Credit Card iStore Campaign Terms and Conditions
Click here to view RMB Private Bank Credit Card iStore Campaign Terms and Conditions