BAD experience for a Man to buy first car and get rejected by banks

<p>My son is 20 years old and earns R5600 pm. He sold his car for R40000 and wanted to give it for a deposit on a car of R90000 and apply for a loan on the rest. He was told to give R55000 deposit and will be paying 20% interest for 52 months. It is sad to see that the banks in South Africa doen not support the new generation as theyare handling respectable youth in South Africa. WELL DONE STANDARD BAN****!!! And he has been banking wth Std Bank ever since he received a salary.</p>