RD
Romeo D

1 reviews | Active since Jan 2014

08 Dec 2023, 08:59

Interest rate same as Payment amount

I am very saddened and feel cheated like I have been ******. Took out a personal loan a few years ago, due to financial issues I volunteered to be under debt review. I always paid my account, then when I was no longer over-indebted I then requested to be removed which was then granted. But seems my Capitec loan account has never seemed to go went down . And now that I am out, my interest is the same as my installment , meaning my payments made dont affect my balance going down. I spoke to several consultants about this. and was promised a call back so it can be escalated. What is the point of paying if I will be paying off for the rest of my life? I have been with Capitec for years and very loyal. But I honestly cannot be paying and my amount stays the same. Has not changed , and has been the same even though I pay every month. I hope someone can get back to me with this

0
Replies (2)
Capitec Bank
Capitec Bank's reply08 Dec 2023, 11:07
Official
Good day Romeo 

Thank you for letting us know of your concern, and for your patience while we explore this matter. We have assigned your query to a designated official who will contact you within the next business day. 

Kind regards 
Capitec Bank

Best regards,

RD
Romeo D's update18 Dec 2023, 12:18
Reviewer Update
Got a call from complaints..but issue not resolved. And can't seem to even get help from supervisors. Capitec does not protect us as consumers. And fail to fully listen to our queries and complaints. Yet they are able to pass the complaint to another dead pillar. This is horrible and I am seeing myself getting cheated and ******.