COMPLAINT: APPLICATION WITH ABSA ***

<p>We have app**** for a further advance on my home loan – application was only approved for an amount of R 52487.00. AT A INTEREST RATE OF 11.76%.??? Seriously????</p> <p> </p> <p>I have requested my consultant to advise ABSA that i do not agree that my property ONLY has a value of R 1 450 000.00 – We requested a physical valuation to be done so that ABSA can send a valuer to do a correct estimate of the value on the property, however this request was declined due to not enough comparisons found in the area????</p> <p> </p> <p>With this decision I strongly DISAGREE, that I do not have the option to request a valuer to visit the property to see if there is more value found than currently noted. We require a response from ABSA in how we can proceed further where we as ABSA clients will be happy with.</p> <p> </p> <p>Me and my wife are very good ABSA clients with a long standing account history and a very good credit record – I do not see the benefit that ABSA will lose in reassuring me by requesting a valuer to do a actual valuation.</p>