jJ
jyhetpos J

1 reviews | Active since May 2016

09 Apr 2018, 14:14

Told to move home loan to another bank

I have had a home loan with Std Bank for years now. Apon receiving my home loan statement I decided to give them a call to see if they can review my interest rate as it is insane, (more than my car finance in fact!)

I was told that this can't be done (despite my previous home loan about 15 years ago this being done regularly at std bank) and that it is not an option because my contract says they can charge that rate. I was told the only way is to move the home loan to another bank basically.

Do I really have to move my loan to another bank Standard Bank? I have no issue doing this as most banks offer free switches and 30% off bond costs, but seems a bit drastic?

If its the way Std Bank work now, I will be sure to never consider them as a home loan provider again.

0
Replies (4)
Standard Bank
Standard Bank's reply10 Apr 2018, 05:13
Official

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. Kindly provide us with your account or id numbers in order for us to escalate your matter further to the below email address:

- Email: ***

We apologize for the inconvenience and undue frustration, this has caused.

We greatly appreciate your continued support

Kind regards

Niyaaz Jardine

Complaint Resolution Centre
***
*** (fax)
***

jJ
jyhetpos J's update10 Apr 2018, 06:16
Reviewer Update
I have sent an email with the required details
Standard Bank
Standard Bank's reply10 Apr 2018, 07:17
Official

Thank you for posting your comments. Your matter was escalated accordingly. We will revert to you as soon as possible.

Kind regards
Complaint Resolution Centre ***/ *** (fax) ***

Standard Bank
Standard Bank's reply10 Apr 2018, 07:18
Official

Thank you for posting your comments. Your matter was escalated accordingly. We will revert to you as soon as possible.

Kind regards
Complaint Resolution Centre ***/ *** (fax) ***