RM
Riaan M

1 reviews | Active since Jan 2016

13 Jan 2016, 21:10

16% interest rate charged on 2nd hand vehicle

I have app**** for vehicle finance about six months ago and was approved by Wesbank with an interest rate of 16%. Not knowing much about vehicle finance I accepted same. I have been going through Google and researched the interest rates on vehicle finance and realized as a citizen of South Africa, the interest should have been prime plus 2% maximum. Further investigations have revealed that other clients have been penalized as I have, and their accounts have subsequently been adjusted. I would appreciate if somebody from Wesbank could urgently contact me in order to attend to the said matter.

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Replies (1)
WesBank
WesBank's reply21 Jan 2016, 09:28
Official
Hello Riaanmaloney,

We thank you for allowing us the opportunity to investigate your concerns.

The relevant Management has tried to contact you on cell phone to no avail, however a detailed email was sent to your personal Inbox . All customer`s profile differ and as a results our resolutions will cater for you depending on your credit status.

We trust you find the above in order.

Kind Regards,
WesBank