ME
Marijke E

1 reviews | Active since Jan 2025

10 Jan 2025, 14:34

FNB Student Loan Misrepresentation

FNB Student Loans are nothing but a **** - they are not a pure student loan, but rather a personal loan with a 12 month payment holiday. This is not properly communicated to you when applying. It is nothing other than misleading and leads to reckless lending. I have spent the past week trying to sort out the mess that FNB's misrepresentation has caused, but cannot get though to anyone who is able to provide assistance. I have been a client of FNB for going on 30 years, but I refuse to further support them. I will be looking at closing/moving my accounts away from them. I am also investigating laying a claim with the financial ombud herein. What they are doing is absolutely scandalous and they should be ashamed!

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Replies (1)
ME
Marijke E's update13 Jan 2025, 09:59
Reviewer Update
I have just been contacted by FNB and they were, predictably, no help.

Basically, they told me that regardless of the fact that their representatives misrepresented their product/omitted all the facts and in essence **** to me, it's just too bad for me.

After almost 30 years as a client, I have never, ever felt let down so badly. I am laying a complaint with the Ombud herein and will be investigating moving my accounts to a different bank.

This is just shocking