FN
Fezi N

1 reviews | Active since Sept 2019

25 Apr 2020, 07:04

Interest rate dropped and Capitec didn’t get the memo

I would like to know why my INTEREST rates have not gone down. This is both for my loan and credit card.

0
Replies (3)
Capitec Bank
Capitec Bank's reply27 Apr 2020, 09:44
Official
I acknowledge your posting, and have referred it to Complaint Management for immediate attention.
 
Feedback will be provided within five working days.  I trust that this situation will be resolved to your satisfaction.

Kind regards
Capitec Bank
Capitec Bank
Capitec Bank's reply29 Apr 2020, 08:59
Official
Good day

As discussed telephonically, I have advised accordingly.

Kind regards
Complaint Management
Capitec Bank

FN
Fezi N's update29 Apr 2020, 12:01
Reviewer Update
Thank you for responding to this query.

Short term loans are not affected by a decrease in interest rates as they are fixed. Thus there was no budge in my repayment amount. Thank you for this clarity.