cN
cheryl N

1 reviews | Active since Feb 2011

04 Dec 2020, 16:02

********* interest charges

I logged a complaint on HelloPeter more than 10 working days regarding excessive interest on a revolving loan and have still received no feedback. My original complaint was emailed directly to complaints resolution in July 2020. I have banked with standard bank for 20years and now see that information to customers is not provided fairly as a FSP. My original loan amount was R36500,to date I have paid back more than R80000 back. As per NCA interest cannot exceed original loan amount. So please advise how come after offering a payment holiday(which was meant to help citizens) my credit profile has my outstanding amount as over R38000???Humanity is out the window and white collar crime is thriving. If those amounts were financially advised to clients loans would not be taken, and further to this I received an email that states Cover for severe illness will be removed from account protection plan due to COVID. This information should be broadcast as headlines that a bank will not protect clients due to a Global pandemic. Please respond by email urgently.

0
Replies (2)
Standard Bank
Standard Bank's reply05 Dec 2020, 02:56
Official
Hello Cheryl
 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
*** *** (fax)
*** 
Standard Bank
Standard Bank's reply17 Dec 2020, 17:27
Official
Good day Cheryl, 

Please accept our sincere apologies for the breakdown in service experienced and for the delay in responding to you.

Kindly note that an email requesting for further details has been sent to you, we await your response.

Kind regards 
Complaint Resolution Centre