RE
Ryno E

1 reviews | Active since Jan 2016

28 Jan 2016, 08:54

Account Set Up Error

I have recently purchased a vehicle through Kia Northcliff and was thrilled to be accepted by Wesbank for my financing, as I believe this is one of the better banks to bank with.<br> <br> However it was only about a month ago that it came to my realisation that the Kia branch's staff did not comply to my request to have my loan billed at a fixed interest rate as appose to variable. I am now literally left to pay for their mistake as the recent two prime rate increases are negatively affecting my repayments.<br> <br> I have enquired about whether Wesbank can perhaps have my contract changed to a fixed rate and just adjust my premiums, and was told through your call centre a non explanatory.... NO<br> <br> Surely if you are able to make these kind of adjustments on the home loans you offer, the same can be app**** to vehicle loans? In my opinion I am willingly offering to make a higher payment (knowing I wont have any more future surprises) and this seemingly \good-to-bank-with"bank is just outright reclining my offer?"""

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Replies (1)
WesBank
WesBank's reply28 Jan 2016, 09:41
Official
Hello Ry.er01,

As explained to you telephonically, the Bank is not in a position to amend the signed agreement at this stage. It remains the customers responsibility to ensure that the agreement and terms and conditions have been read and fully understood before concluding the deal. Regrettably, the agreement is binding and no amendments can be made.

We trust that you find this in order.

Kind regards
WesBank

Best regards,