Take a Loan with Nedbank and pay 100% interest!!

<p>We took a personal loan of +- R40 401.20 in 2014 ,we paid R 1600 for 24 months = R 38 400. We now ask for a settlement amount and are told that we still owe R 38 300.50 . We are therefore being asked to pay back double the loan amount we took. Interestingly enough we took a similar loan amount from Standard bank at the same time and our settlement to Standard bank is only R 12641.54 . We were desperate when we took the loan at the time and had no choice. This difference in settlement values between Nedbank and Standard bank is telling because it shows that Nebank will take advantage of peoples desperation and could care less about their client's wellbeing or best interest. </p>