TM
Thembelihle M

1 reviews | Active since Dec 2023

15 Mar 2025, 05:54

Old Mutual finance loan *******

I opened a loan account February 2023 , principal debt of R157000 with R5600 instalment, unfortunately missed 3 instalments due to financial constraints I was not well, it’s been 3 years now the outstanding amount still sits at R144000 with over 2 years payment on it, in 2024 I resorted to start paying extra of about R1000 more to settle areas it’s been over 6 months paying extra with no movement on my areas account as well as my initial loan account, im paying close to R7000 every month but no movement on my loan account , absolutely ridiculous!!! As a result I can’t take anymore credit to even settle them because even settling areas by my own there’s no movement on my account, is 29% interest even legal to charge a customer by Old Mutual???

0
Replies (2)
Old Mutual
Old Mutual's reply15 Mar 2025, 08:47
Official
Good day Thembelihle M,

We've received your review, and we are sorry for the service you've experienced. Your feedback is crucial to us, and we're committed to a detailed investigation to address your concerns. Please expect a follow-up from us soon to resolve this matter during business hours.

Warm regards,
Old Mutual Complaints Management
Old Mutual
Old Mutual's reply18 Mar 2025, 20:07
Official
Good day Thembelihle M,

We can confirm that our team has been in contact with you and attended to the relevant matter.

Please accept our sincere apologies for any inconvenience caused.

Regards,
Old Mutual Complaints Management