1 reviews | Active since Nov 2016

29 Sept 2021, 08:17

Minimum payment on loan decreased without my knowledge

I'm beyond frustrated with Standard Bank, I have a loan with them and they've decrease my installment without any notification and reasons why. I have been calling to try and get information on why this was done because it will affect my payement term also this means more interest will be incurred into this loan, I've been promised by the no of bankers that they'll come back to me but not one of them do. I have run out of options but to move to another bank and ask for a new to settle this one so that I can stay to my plan of repayment. Another annoying part is that I cannot make extra payment on this loan 😒 reasons be it's a term loan and no extra payment can be made except for debit 😫but they decrease my debit order. I have plans and I like yo stick to them when it comes to money and Standard Bank is messing with me. Where can I report this? The minimum payment was decreased yo the lowest payment without my knowledge 😭

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Replies (2)
Standard Bank
Standard Bank's reply30 Sept 2021, 01:52
Official
 Hello Pinky,   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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's update03 Oct 2021, 11:23
Reviewer Update
It's been months trying to resolve this, I was told that I requested something to be done about my interest but I didn't. What kind of an institution is this 😳 I need proof of my communication with the consultant which led to this loan term being extended without my knowledge. By the way I'm very angry 😠 😡