EM
Erika M

1 reviews | Active since Jan 2017

08 Jul 2019, 13:00

Loan amount is R50 000 but after 66 installments R117 751 ????

Apply for the loan, received the money within minutes in my bank account, only this morning I received a mail - AGREEMENT LETTER - what a shock??? Interest rate is 27.75% the amount of R50 000 - after 66 installments total will be R117 751.50 what the hell? DOUBLE THE AMOUNT, try to phone them to reverse the transaction - no luck. I am not willing to pay more than double the amount of money I borrow.

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Replies (1)
DirectAxis
DirectAxis's reply08 Jul 2019, 13:38
Official
Hello, thank you for letting us know.  We'll look into this immediately and will be in touch with you as soon as we've gathered more information. Team DirectAxis