******** behaviour

<p>I am applying for a car loan. The interest they have offered me is 0.07% above prime lower than my previous car loan. This is after I have recieved a diploma, bought property, have 2 dependents, have increase my income drastically. Not only that I have been a loyal customer for many many years and they have done nothing but treat me terribly. View https://hellopeter.com/absa/reviews/complained-and-nothing- ********** . This was never sorted out.</p> <p> </p> <p>They keep saying it's my risk factor but with all of the above my risk factor should have dropped drastically. Hell the fact I stay with ABSA means my risk factor should drop.</p> <p> </p> <p>Then I was told that it's because of my increase in debt. This is ******* my income has increase by more than my debt increase. My debt only amounts to about 50% of my net income. Not only that but my property is worth 32% more than my outstanding bond so that's an asset not a liability.</p> <p> </p> <p>They keep on about the risk but the car I'm purchasing is worth 52% more than the loan I'm taking. That's according to Absa insurance valuation on the car. Which means that if I default and they take the car they will make their payments. If that valuation is wrong then ABSA insurance is over insuring me and that means I'll pay for that value and never recieve it, which is ********.</p> <p> </p> <p>The banks "risk factor" for me is that I won't default and they won't be able to bleed me dry for the next couple of years, because that's how they make their money. That's ********.</p> <p> </p> <p>Not only this but when I was trying to discuss it with the gentleman who is handling it, trying to explain to him that I think he hasn't input all the data. He constantly spoke over me and would not listen to anything I had to say.</p> <p> </p> <p>if this is how ABSA treats loyal customers, it's disgusting.</p>