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1 reviews | Active since May 2020

26 Feb 2025, 08:35

Very poor service

I took out a loan with Capitec and have been diligently paying my monthly installments, even making extra payments to reduce the balance. However, instead of my loan decreasing as expected, the amount keeps increasing. I’ve contacted Capitec multiple times, but no one can provide a clear explanation. I keep getting transferred between departments with no resolution. How does paying more result in a higher loan balance? This is completely unacceptable and extremely frustrating. Poor service and lack of transparency

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Replies (1)
Capitec Bank
Capitec Bank's reply26 Feb 2025, 10:37
Official
Good day, 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.