SJ
Sibusiso J

1 reviews | Active since Dec 2012

07 Feb 2018, 13:16

LOAN

I took out a revolving loan or R7000 with Standard bank SA about 6 years ago, my monthly installment was R198 per month, 2 years later i went back to ask for a top up, which made the balance of the loan to be R17000, the consultant who was helping me told me that she will increase the number of months so that i continue paying more or less the same instalment, i agreed. For the past 4 years the bank has been debiting my account with the same amount and to my surprise in December 2017 they now start debiting R590, i called their contact center and they told me that for the past 4 years they have been debiting a lesser installment as a result my loan has accumulated charges and its now sitting at R37000 from the less installment they have been debiting.

My question to them is why did it take them more than 4 years to detect this and why must i be the one to pay the price for their consultants ***********

i am not going pay all the charges that were accumulated over the years and they should sort out the mess they created

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Replies (3)
Standard Bank
Standard Bank's reply07 Feb 2018, 13:59
Official

Thank you for posting your comments.

We are sorry about the trouble you are experiencing. We at Standard Bank strive to make great banking happen for our clients. One of our resolution consultants will contact you shortly to help resolve your complaint.

Kind regards

Complaint Resolution Centre
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*** (fax)
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Best regards,

Standard Bank
Standard Bank's reply09 Feb 2018, 13:22
Official

Dear Sibusiso

Thank you once again for your posting.

I refer to our email correspondence with each other and can confirm that the matter is being attended to.

Kind regards

Clint Petersen

Complaint Resolution Centre

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Best regards,

SJ
Sibusiso J's update10 Oct 2018, 20:59
Reviewer Update
I reply to the above complaint. i got a call from someone who works for standard bank in Soweto, i can't remember the name. What that lady told me was that, they have requested for my original contract, 2 weeks late later i got a call from here again telling me that they got the contract they will start recalculating the loan and fix what ever the issue was. its been 8 months now, the issue is not resolved and i have nit heard from that lady again, This is unprofessional, can you please fix this issue