LN
Lawrence N

1 reviews | Active since May 2016

26 May 2021, 14:07

Standard Bank Customer Assist Unfair

In July 2013 I took a Standard Bank Customer assist loan. I have been paying my loan since then. My trouble started 2 years ago when I phoned standard as when my loan was ending since on my contract the is no date when my contract will end.

I have been taken from pillar to post since the bank cant come with an answer as to when my loan will end. I was informed by the bank as of the 16th April 2020 that the remaining balance was R 86 453.50 and there was 17 months remains for me to finish my loan. Mind you my installment is R 3328.00 over 99 months which is 8 years 2.5 months

I have been told last month that my loan balance is R 61000.00 and when I asked when is my loan going to be finished the lady I spoke to did not know. She told me contact debt center to no avail no one answers the phone.

According to my calculations 99 months ends in November 2021 with R 61000.00 remaining on R 3328 installment it does not add up with six months remaining.

I have also contacted ombudsman and their finding were that Standard Bank has to refund R 8200.00 but they have not done so to this day.

I went to Standard Bank Riverside and they are also not assisting, they confirm that they have received Ombudsman e mail but they cannot do anything to assist.

I have corresponded with the following people Gregory Fransman (Standard Bank), Audrey Sebuelo (Standard Bank), Charne Willemse (Banking Ombudsman)

Please can anyone assist

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Replies (1)
Standard Bank
Standard Bank's reply27 May 2021, 01:27
Official
Hello Lawrence
 
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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