1 reviews | Active since Apr 2015
INCORRECT RATE VARIATION
I have vehicle loan from Standard bank which was approved at 9,25%. Following the rate hike on 19 November 2015 my interest rate should have increased from 9,25% - 9,5%. However I received a rate variation notice on 21 November 2015 from the bank incorrectly stating that my interest rate would be increased from 9,5 - 9,75%. I immediately queried this with the bank and I was reassured that this had been fixed and a new varition letter will be forwarded with the correct details which should be 9,25% - 9,5%. <br> <br> To my suprise my December statement arrived on the 17th of Dec 2015 still refelcting interest rate of 9,75% instead of 9,5%. I have called the bank to have this matter resolved but there seem to be no urgency on their part instead I am simply told that the matte will be logged and somebody would be assigned to the case.<br> <br> Standardbank is in breach of contract and the service recieved to date on this matter is appalling.
Thank you for your posting and allowing us an opportunity to investigate your complaint.
This matter will be assigned to a resolution specialist who will contact you to resolve your complaint.
Kind regards
Complaint Resolution Centre
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Thank you for your posting and allowing us an opportunity to investigate your complaint.
This matter will be assigned to a resolution specialist who will contact you to resolve your complaint.
Kind regards
Complaint Resolution Centre
***
*** (fax)
***
