Disappointed in ABSA BANK

I app**** for a mere R60, 000 extended bond on an existing bond of R600, 000 and my property is worth R2.5 mil. My application was denied because of a couple debit orders that didn’t go through even though I settled them a couple of days later. I am not on ITC, I am not in arrears with any of my credit accounts and I have a good credit rating and the application is within my affordability. This is a fixed asset but I am seen as a risk! I have had my bond for seven years with ABSA and I have never failed to pay a bond installment. Not only did they deny the application they didn’t even offer a reduced second bond. It took them three days to reject the application after I had to phone and check on status of my application.