RO
Raymond O

1 reviews | Active since Mar 2019

16 Sept 2019, 12:11

MFC charging me interest on my deposit as part of my loan repayment!!!!!!

MFC, are charging me interest on my deposit I paid them for my finance as well as the principal debt. I loaned ONLY R91,000 and the interest alone is R45,000= 50% of the actual loan. So MFC have actually taken my deposit R260,000 plus the actual loan amount of R91,000 =R351,000 and are charging me interest on the full amount of R351,000, this is disgusting that I must repay interest on my own deposit of R260,000........SHOCKED...

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Replies (1)
Motor Finance Corporation
Motor Finance Corporation's reply17 Sept 2019, 11:55
Official
Dear Raymond Oliver

We acknowledge receipt of your complaint.

Please be advised that your complaint has been assigned to Robin Geduld for perusal.

Your complaint will be investigated and the service resolution specialists will revert with feedback.

Kind Regards
Sharyl Naicker
Client Value Management
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