oB
oupa B

1 reviews | Active since Dec 2019

01 May 2023, 12:24

Please explain if it is interest on capital home loan or late charges interest

I have been charged (system generated interest) every time when there is a change in interest rate but same charges continues every month as my balance paid is deducted by this generated interest, please explain if these are capital loan interest repayment or late payment interest as I am never late as per my pay date. Because when you adjusted my interest rate to prime, there was no credit to my home loan account as opposed to increase on interest, wherein, you always deduct my paid balance on capital

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Replies (5)
Standard Bank
Standard Bank's reply01 May 2023, 12:39
Official
Good day Oupa

Thank you for bringing this matter to our attention. We will be taking a closer a look and reach out to the relevant teams so that we can come back to you with feedback. 

Our team will be in touch with an update shortly. 

Kind regards, 
Standard Bank Hello Peter Team
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oB
oupa B's update04 May 2023, 11:22
Reviewer Update
but no one from homeloan has contacted me, is this a sign that they don't care
Standard Bank
Standard Bank's reply04 May 2023, 11:41
Official
Good Day Oupa 

Rest assured our team is working around the clock to ensure that your query gets resolved.

The team will be in contact with you.

Warm Regards 
Standard Bank Hello Peter Team
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oB
oupa B's update10 May 2023, 16:41
Reviewer Update
Why lie to me as no one has called me,this is bad service, am supposed to understand my account movements in simple language unless if the bank is unfairly charging me
Standard Bank
Standard Bank's reply10 May 2023, 17:36
Official
Good Day Oupa

Rest assured our team is working around the clock to ensure that your query gets resolved.

The team will be in contact with you.

Warm Regards 
Standard Bank Hello Peter Team 
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