N.B: Nedbank WILL DENY you access to your own home loan readvance after debt clearance.

I’ve been applying for my readvance for the past three days, after paying off all my debts after debt administration in March 2020. After sending them my debt clearance certificate and all ‘paid up’ letters.

Nedbank just denied me access to my readvance claiming I’m still under debt administration, regardless that I’ve been paying R1 400 EXTRA per month towards my monthly bond instalment over the years; even when I was still in debt I still payed R1 400 over and above what Nedbank wanted me to pay.

I now want access to this money to renovate my house and put a deposit on another property, now that I’m debt free.

This is my money which I’ve paid in advance, and now Nedbank tells I can’t access it because I don’t qualify?

Nedbank, how do you disqualify me based on debt I no longer have when I’ve given you all the proof that I’m no longer in debt? You really don’t want to see one progress and grow. Thank you for showing me that I don’t belong with your bank.

Denying my access to my own money is very evil of you