1 reviews | Active since Jan 2018
Loan repayment hidden costs
I have a loan with capitec that I have been paying for the past 2 years . I have been using the app to track the balance . Today I wanted to pay it off via the app, so I first checked the balance on the app . My "outstanding balance" was reflected as "R31 965.22". I then used the app "tranfer money" option to pay the outstanding balance from my savings account . After the payment , to my surprise, instead of having outstanding balance as "0.00", instead an amount of "R389.88" is now showing . I then requested a statement of my loan via the app . According to the statement this amount was added as a "discharge int ". This then means this was a hidden costs that was not reflected as part of my "outstanding balance" .. and now I an supposed to pay this amout????? It means my loan is not paid off even though I paid the reflected "outstanding balance" amount. Just maybe add this
Please note that I will not be paying any extra money to the account as according to my knowledge I paid all the amount that was outstanding as was reflecting on the app. Please kindly send me a paid up letter confirming closure of the account as I want this settled.
Feedback will be provided within five working days. I trust that this situation will be resolved to your satisfaction.
Kind regards
Capitec Bank
Feedback will be provided within five working days. I trust that this situation will be resolved to your satisfaction.
Kind regards
Capitec Bank
As per our telephonic conversation the matter has been resolved, thank you for allowing us to engage with you in this regard.
Kind regards
Capitec Bank
As per our telephonic conversation the matter has been resolved, thank you for allowing us to engage with you in this regard.
Kind regards
Capitec Bank
