Heartbroken

After I lost my job I tried to settle the loan of 26k+ on the 19th of July and was short of R3 to close the loan.

On the 25th of July I had funds in my account and wanted to pay up that R3 outstanding but only to find R547 outstanding.

I went to enquire about this interest at the branch and was told the interest was charged according to my initial loan.

How can they charge me interest of initial loan while they always preach that extra cash you pay will reduce your interest.I was still left with 29 months to pay (R1300+ a month).

From the 19thJuly to 25th July the R3 outstanding balance accumulated an interest of R544.Was told no way out I have to pay it to avoid further charges