P
Peter

1 reviews | Active since Jul 2022

25 Mar 2025, 11:52

Not properly informed by the bank

Good morning I've took out a loan last year September from Standard Bank and they offer me a Revolving loan instead a Personal loan. They didn't explain to me that of my premium of R3226 only R780 would to my actual loan and the rest would go to interest and fees. I've paid off almost R28000 of which lest then R4000 go to my actual loan. I am not stupid if they would have explain to me that only R780 would go to the loan. I would have never taken the loan.

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Replies (1)
Standard Bank
Standard Bank's reply25 Mar 2025, 12:02
Official
Dear Peter

Thank you for bringing this issue to our attention. 

As Standard Bank, we are committed to providing you with the best possible service and will ensure that this issue is taken care of. 

We sincerely apologize for any inconvenience or unwarranted frustration this has given you. 

Kindest regards
Standard Bank Hello Peter Team 
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