What is happening at Investec?

<p>I joined Investec in 2011 as a newly qualified Chartered Accountant and was very impressed with their service offering. I was offered a home loan, overdraft and vehicle finance at prime minus one percent.</p> <p> </p> <p>However, things have changed dramatically since then. My income and asset base have increased by more than five times, yet I am unable to secure vehicle finance or a mortgage at a competitive rate. Despite being a creditworthy client for five years (with previous vehicle and home finance with them).</p> <p> </p> <p>Despite being an Investec Private Banking client (which they want you to perceive as something special), I had my home financed through FNB at a much better rate (with no hassle at all).</p> <p> </p> <p>When I recently tried to apply for vehicle finance for a relatively cheap car of R200 000, I had to convince Investec to provide finance for this (even though I could easily buy the car cash - which I eventually had to do).</p> <p> </p> <p>I am extremely disappointed and as much as I have praised the bank in the past and referred new clients, I will be doing the opposite in future.</p> <p> </p> <p> </p>