1 reviews | Active since May 2019
Outrageous loan interest rate
Good day
I have a revolving loan with Capitec Bank, account number ***.
Sometime June/July 2022 I was advised that the loan repayment is going up the amount moved from R6030 to R 6886.20, I called the bank negotiation as i said the amount will be steep for me to pay the laddy who advised me said the system cannot be overided.
Last Month September 2022 paid R 2000.00 and got a notification that the account is blocked in arears of R4886.20 and I paid R 5000.00. The balance come down to R134 000+ on the 30th September 2022. Today on the 2 October2022 when i check my balance is went up to R137 050.50. The repayment period is also not going down.
The interest rate is going up not as per our contract agreement.
I need this dept rectified since the beginning of the year 2022 I have already paid R 92 730.00 from minimum installment amount and I do not have access anymore to the account.
This is pure outrageous...
kind regards Mr. P.S Tshikalange *** *** ***
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
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
