LM
Lebohang M

1 reviews | Active since Sept 2023

09 Oct 2025, 15:57

Poor communication for vehicle finance application

Vehicle Finance Application *** refers.

I app**** for vehicle finance on Wednesday, 08 October. I received a message confirming pre-approval, but exactly a minute later, I got a decline stating that the customer "failed due diligence" this happened before I was even asked to submit any documents.

I followed up by calling on Thursday, 09 October and spoke to a gentleman who said it was likely a system issue, as he couldn’t find any reason for the decline. Shortly after, I received another pre-approval message, followed by an email requesting supporting documents. I responded to the email and submitted all the required documents.

A few hours later, I received another decline, again with the same reason given: failure of due diligence. I called again to follow up and was referred to the lady apparently responsible for the application. I tried calling her, but the phone just rang until I eventually hung up.

If you don't want to finance me, that’s fine, but don’t ghost me or give vague, unreasonable excuses. After being your customer for so many years and having my salary paid into your bank, I expected to be treated with basic respect.

I am extremely disappointed. I am now in the process of changing banks.

0
Replies (4)
Standard Bank
Standard Bank's reply09 Oct 2025, 16:08
Official
Dear Lebohang,

Thank you for bringing this issue to our attention.
We have noted your concerns raised and we will follow up with the relevant team.
Please be on the look for further communication.

Kindest regards
Standard Bank Hello Peter Team
*** 
LM
Lebohang M's update10 Oct 2025, 13:26
Reviewer Update
I am yet to receive any communication
LM
Lebohang M's update10 Oct 2025, 16:23
Reviewer Update
Is this a further communication? What is the resolution here? "Dear Lebohang Aaron Mphono,

We are happy to inform you that we have resolved the cause for your complaint with reference number ***1 We once again apologise for the inconvenience caused to you as a result of our initial failure to meet your expectations.

At Standard Bank, we appreciate that you have reached out to us, as it enables us to continue to improve our service to you as our valued customer.

Please do not hesitate to reach out to us if you have any further questions. We will be happy to assist in any way.

Kind Regards"
Standard Bank
Standard Bank's reply10 Oct 2025, 18:04
Official
Good day Lebohang,

The matter is being treated as a priority and our team is ensuring that it is resolved timeously . 

We will revert with feedback as soon as possible . 

We appreciate your patience.  

Kindest regards 
Standard Bank Hello Peter Team 
***