1 reviews | Active since Nov 2010
Student Loan: ******** of their own processes
I feel I need to start this complaint off with how Standard Bank's student loans work seeing as they themselves have no clue.<br> <br> While studying your monthly repayment consists solely of interest, then once you're done studying and you start working you start paying back your loan (interest + capital).<br> <br> I started enquiring December 2014 on how this process works (payments, amounts, period, etc) as beginning January 2015 I would start working. After 7 emails and 2 months of being \forwarded to the relevant department". I finally get a response that monthly deposits are already being made into my account.<br> <br> This is absolutely pathetic information as I've been paying my monthly interest instalment (explained above) for the past year"
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Thank you for your posting and allowing us an opportunity to investigate your complaint.
This matter will be assigned to a resolution specialist who will contact you to resolve your complaint.
Kind regards
Complaint Resolution Centre
***
*** (fax)
***
