EW
Eva W

1 reviews | Active since Sept 2018

11 Sept 2018, 09:45

FNB Home Loan charges interest on admin fee

I paid up both FNB home loans on 6 June 2017 and should only have paid the admin fee monthly thereafter, however, I was charged interest on the admin fee. When I lodged a complaint with FNB in July 2017 I was told that this was a "systems error" and that it had been fixed and I would in future only be charged the admin fee. For more than a year this was the case, however, out of the blue in Sept 2018 I was again charged interest on the admin fee. When I again lodged a complaint, I was told that I would not be refunded the interest charged because that is how the system is: the system charges the admin fee in arrears and this attracts interest.

How many people are being ********** by FNB home loans by this **** ???? Others with home loans - take note!!!!

I refuse to pay interest on an admin fee and NIL balance and am lodging a complaint with the Bank Services ombudsman!

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Replies (1)
FNB (First National Bank)
FNB (First National Bank)'s reply11 Sept 2018, 10:09
Official

Good Day Eva Woods,

Thank you for bringing this to our attention.

We acknowledge your complaint.

It has been routed to the relevant department to investigate and provide resolution.

Feedback will be provided shortly.

I do apologise for any inconvenience caused.

***

Regards,

Client Experience Team

Email address: ***

Tel number: ***