ZS
Zandile S

1 reviews | Active since Jan 2012

07 May 2020, 08:42

******* company

I got my home loan in 2013 and between 2014-15 the interest rates went up. From 2016 when the interest rates were cut my bond installment was never reduced. I contacted them again last year July when the interest rate was cut down and I was told I would see the change on the next installment but nothing changed. With the most recent huge cut I’m still paying the same installment I was paying when the last interest rate was increased. I have contacted standard bank home loans department and they have denied that they fixed my contract without my knowledge or discussing it with me. Stands Bank knows what they are doing is ******* and that a small black woman will not be able to take on a big company like them! Disgusting!

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Replies (2)
Standard Bank
Standard Bank's reply07 May 2020, 16:51
Official
Dear Zandile

Thank you for posting your comment. 

We assure you that as an organization we are committed to providing the best possible service and assure you that this will be addressed as a matter of urgency. 

We apologize for the inconvenience and undue frustration, this has caused.  

We greatly appreciate your continued support  

Kind regards 

Complaint Resolution Centre
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ZS
Zandile S's update07 May 2020, 20:04
Reviewer Update
Good Day

I spoke to Kabelo and he said the system didn’t recalculate my installment after everything rate cut. Now I want to know how much extra have I been paying for all these years and accumulated towards my bond because surely the number of years have decreased now.