MP
Mphoza P

1 reviews | Active since Nov 2017

14 Sept 2020, 09:15

Insurance paid but Loan is still too high

Hi, I'm very dissatisfied with African Bank. Before Covid 19 my Account was at R150000.00 something the after 4 months of non payment it was at R200000.00 then I app**** for Insurance to cover for Covid-19 months I didn't pay my bank. Now the Insurance paid R260000.00 and they charge me Interest of R90000.00 even though my Insurance has paid my Account .Last week on the 10th Insurance paid for 4 months I didn't pay but they didn't clear the interest they charged me .I'm not happy I feel African Bank is ******. I explained to Consultant that July month I didn't get Full salary but still African ban debit and I requested money back. From loan of R200000.00 to R185000.00 don't see how the Insurance assisted in payment?

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