EW
Ernest W

1 reviews | Active since Aug 2017

28 Aug 2017, 13:53

Home Loans Department is Useless

After having converted my building loan to a regular mortgage, I opted (and notified) the home loans department that I already have my own insurance in place and would not require any additional insurance on my home from Standard Bank. I also forwarded my existing policy schedule. They accepted and said I will not be charged for insurance premiums on my home.

However, on my mortgage statement there are still insurance deductions being made. I have informed Standard Bank, but nothing is being done about this, and I still have not received any refunds for the premiums being deducted. Meanwhile, I'm also paying INTEREST on the insurance premium deductions they are making on my bond.

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Replies (1)
Standard Bank
Standard Bank's reply29 Aug 2017, 03:40
Official

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. Kindly provide us with your account or id numbers in order for us to escalate your matter further.

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

We greatly appreciate your continued support

Kind regards

Niyaaz Jardine

Complaint Resolution Centre

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