Unjust settlement demand after loan term

🚨 **** Alert – Nedbank Car Finance 🚨

My brother completed his car loan with Nedbank and paid all instalments as per his contract. The balloon payment on his contract was R0, yet after the loan ended Nedbank tried to claim he still owes a “settlement amount.”

This feels like a **** and an attempt to make customers pay beyond the agreed contract. How can you add costs when the balloon payment is clearly R0.00?

We are demanding answers and will escalate to the Banking Ombudsman if this is not corrected. Consumers deserve transparency and honesty!