Falling behind on your bond doesn't have to end in a Sheriff's auction. FNB Quick Sell lets you sell voluntarily — with up to 50% off any shortfall, repayable interest-free over 10 years.
FNB Quick Sell is designed to give you the best possible exit when keeping your home is no longer realistic — without destroying your credit record for the next decade.
Voluntary sale through an estate agent. You sign the mandate, you approve offers, you decide when to move. None of this happens to you — it happens with you.
FNB writes off up to half of any amount you still owe after the sale. That can be hundreds of thousands of rand off your debt — only available under Quick Sell.
Whatever shortfall is left after the discount, you repay over ten years at zero interest. Affordable monthly amounts — typically a fraction of your old bond payment.
Once your shortfall has been paid, your name comes off the credit bureau. You'll be able to buy a home again one day — something a Sheriff's auction will not allow.
Move the sliders to match your situation. The calculation uses the same FNB Quick Sell shortfall formula that applies to a real mandate.
Approximate values are fine — final figures are confirmed by FNB.
From signing the mandate to the day the property transfers — here's exactly what happens.
Five-minute online sign-up. No paperwork to print, no branch visit. Both spouses or co-owners can sign electronically.
5 minutesFrom the day your Quick Sell mandate is signed, FNB pauses legal action for 90 days to give the sale time to happen.
From day 1A vetted FNB-panel estate agent lists your property at market-related pricing and finds you the best buyer.
Typically 30–90 daysProperty transfers. FNB applies the shortfall discount. You repay any remaining balance interest-free over 10 years.
After transferSigning up doesn't commit you to selling. It gives FNB permission to start finding you a buyer at the right price — and pauses legal action while that happens.
If your question isn't here, our Quick Sell team is one phone call or email away.
No. The opposite — signing the Quick Sell mandate gives FNB permission to help you sell at market value, voluntarily, through an estate agent. You stay in your home until transfer happens. FNB also pauses legal action for 90 days from the day you sign.
The discount is up to 50%. The exact percentage is negotiated based on your account and is confirmed by FNB once an acceptable offer is received. The discount only applies under Quick Sell — it is not offered if the property goes to a Sheriff's auction.
You remain liable for your bond, your levies and your municipal account until the property transfers. The Quick Sell programme doesn't pause your monthly bond. What it does is freeze legal action for 90 days, give you a discount on the final shortfall, and protect your credit record once that shortfall is settled.
No. The property is marketed by the estate agent as a normal listing. There is no "Quick Sell" or "bank repossessed" tag on the marketing. The arrangement between you, FNB and MyRoof is confidential.
The online sign-up has a section to add your co-owner's email and ID. The system will send them their own secure link to sign electronically. There's no need for both of you to be in the same place at the same time.
Sign-up takes about 5 minutes online. From that day, an estate agent typically lists your property within a week. Most Quick Sell properties sell within 30–90 days. Transfer takes another 8–12 weeks once an offer is accepted.
You can withdraw from Quick Sell at any time before you accept a buyer's offer. Once you've accepted an offer in writing, you're contractually bound to the sale in the normal way that any property seller is.
Once the agreed shortfall has been settled in full, FNB closes the account and your name comes off the credit bureau. This is one of the biggest differences between Quick Sell and a Sheriff's auction — under auction, a judgement stays on your record for years.
Yes. MyRoof is FNB's official partner for the Quick Sell programme and has been for many years. To verify, you can call FNB on the number on the back of your bank card and ask about the Quick Sell programme, or call our Quick Sell team directly (see the bottom of this page).
The FNB Quick Sell team is here to answer your questions, in your language.
