1 reviews | Active since Nov 2018
Nedbank home loans ***********!
I signed a OTP in December 2022 after getting a pre approval from Nedbank. I submitted by application and they asked for a lot of documents related to my credit profile. I then received a SMS and email confirming my application was approved. I received a loan quotation and accepted it. A few hours later I received a notification that my application was withdrawn. I already thought why is Nedbank approving loans and then withdraw immediately after approval. I queried this and they wanted additional documents relating to my credit profile. After many emails and calls between myself and Nedbank and sending information and documents, Nedbank approved my loan again for a second time. Everything was sent to the bond attorneys and the transfer attorneys, the owner has given the tenant notice and cancelled her bond and I signed the documents at the bond attorneys. Hours after signing at the bond attorneys, Nedbank cancelled the loan AGAIN! It was queried and they are requesting the EXACT same information as before, which was already dealt with. So why was the loan approved in the first place? Why ask for the same information AGAIN? They have an approval after already having the information. This is not something new that appeared after approval was given! I will be held liable for attorney costs and rent due to the tenant moving out! They are unprofessional and disorganised! It makes absolutely no sense! I would not recommend Nedbank to anyone! It is the worst experience I have had with a bank in my life! I will be taking this further and report them to the banking ombud. The quote clearly stated they can withdraw the approval with any NEW information or if you get credit before registration and nothing has changed on my credit profile.. this was already dealt with!
