SW
STELLA W

1 reviews | Active since Jul 2009

14 May 2015, 16:48

interest and fees killing us

We took out a loan 18 months ago,but with all the fees and interest we'll be paying close to R83 000 when I multiply the monthly installment(R1727.67)by 30 months(installments left on loan)Monthly fees and interest +- R936-41 so we pay only R791-25 per month off the debt.<br> Actual loan amount R45274-24 so if I work it out you charge us interest and fees of R37653-92 ???? actual term of loan 48 months.<br> <br> Is this legal???? And we have debit order for installment and you tell us it's in arrears are you MAD???<br>

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Replies (1)
DirectAxis
DirectAxis's reply14 May 2015, 17:02
Official
Hello bothma76,

Thank you for bringing this to our attention. We have escalated this internally and a consultant will be in touch to assist you further.

Kind regards
Direct Axis Customer Relationship Management Team