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charl P

1 reviews | Active since Mar 2011

07 Oct 2017, 22:19

charging interest up front

I took out a student loan. Within 21 days I paid R10 000 down on the loan. However, the company took the R10 000. They first added the interest in advance and then deducted the R10 000. I phoned them and said surely interest vests over the term of loan and not up front. Absa says tough. that is how it is

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Replies (2)
Absa
Absa's reply11 Oct 2017, 12:56
Official

Dear Customer


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

Kind regards

Daphne Le Grange

Group Customer Care

Absa Bank Ltd

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charl P's update02 Nov 2017, 09:41
Reviewer Update
Well. this is a follow up to Absa so called feedback. I still have not heard anything from them. Promises promises. I have also lodged this complaint prior to Hello Peter at their complaints department. Also with a promise of coming back. Nothing. I have notified in each case that I am residing in Namibia and therefore to communicate via email with me. Nothing. My email adress - **********