capitec Capitalists

I recently experienced a significant change in my banking relationship with Capitec Bank that I feel compelled to share. Initially, I was okay with their customer service and the ease of obtaining credit facilities. However, my opinion has shifted due to recent developments.

Capitec Bank recently decreased my credit facility, citing it as a measure for my financial well-being and protection. While I appreciated their concern, this decision had an unexpected consequence. As a result of the reduced credit facility, my monthly installments have increased significantly, which I feel is a rip-off. I think it's their way of maintaining maximum profit after the recent repo rate cut.

This change has left me somewhat disappointed and frustrated. While I understand the bank's intention to protect my financial health, the sudden increase in monthly payments will put a strain on my budget.

Very disappointed with this practice.