Over 100% interest being charged on a loan

I an extremely appalled by this bank and intend on raising a complaint with the NCR, I have been reviewing the contents of the interest I am being charged in addition to service fees for a specific loan I took out with Standard Bank and believe the interest rate charged is ridiculous.

I am paying R1912.18 for the loan on a monthly basis and charged interest of R1195.01, R189.10 Insurance premium, and R69.00 fees every month which means out of R1912.18 only R459.07 goes towards the loan.

The interest I am charged on this loan is over 100% interest rate when taking into account the period I am expected to pay off this loan. I don't understand how terms like this can be allowed in South Africa, this is clearly a company that has taken advantage of a client that was in need.

I do think this is quite extreme and hope I can get assistance with this matter, and if not intend on raising a complaint against Standard Bank with the NCR. Standard Bank does not comply with the law, this is ridiculous!!

I would never in my life recommend it to anyone, i'd rather stand on a Capitec line that ever deal with this bank, they take advantage of their clients!!