SB
Schalk B

1 reviews | Active since Nov 2011

23 Jun 2015, 13:23

Avoid Absa Finance at all costs

I recently app**** for vehicle finance and a home loan advance on my existing bond<br> I am a Platinum member of Absa for more than 20 years banking with them but being treated like an outsider<br> For vehicle finance I was quoted 11.8% interest with a clear credit record and salary above R1 m a year rediculous<br> Whats even worse is on my bond I can get an advance of 94,000 without having to re-register my bond but heres the catch the 94,000 will be subject to a new interest rate.WHAT A JOKE NEVER HAD THIS BEFORE WITH OTHER BANKS<br> I recently threatened to close my account with Absa and have already switched my salary payment to Std Bank. What I cant understand is that I am a client with Absa but other banks give me better interst rates how does this work?DO YOURSELF A FAVOUR AND NEVER GET FINANCE WITH ABSA AS A GOOD CREDIT RECORD WILL TAKE YOU NOWHERE WITH THEM!!!

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Replies (1)
Absa
Absa's reply23 Jun 2015, 14:01
Official
Hello Scalla123,

Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback shortly.

Kind regards
Claudette Lewis
Group Customer Care
Absa Bank Ltd