Pathetic

<p>I am digusted by wesbank a division of fnb. </p> <p>I bought a hilux and settled the value and wesbank charged me an early settlement fee on the value. R7000 and odd was the early settlment fee as the vehicle was considered a large amount! </p> <p> </p> <p>the contract states the following; </p> <p>9. Early settlement of the Agreement<br />9.1. If this Agreement is a small or intermediate agreement you may settle<br />this Agreement in full at any time, with or without notice, by paying the<br />settlement value owed to us. The settlement value will be calculated as follows:<br />9.1.1. the unpaid balance of the Principal Debt; and<br />9.1.2. the unpaid interest and all other fees and charges payable by you to us<br />until the settlement date.<br />9.2. If this is a large agreement, you may settle this Agreement in full at any<br />time, with or without notice, by paying the settlement value owed to us. In such<br />event, the settlement value will be calculated as follows:<br />9.2.1. the amounts referred to in clause 9.1. above; and<br />9.2.2. an early termination charge which may be prescribed from time to time,<br />or if no charge has been prescribed, a charge equal to no more than the<br />interest that would have been payable under the Agreement for a period equal<br />to the difference between 3 (three) months and the period of the notice of<br />settlement if any, that was given by you.</p> <p> </p> <p>No where in the above does it state the amount of what they consider a LARGE amount! This I found out when I settled the vehicle was any vehicle that is 250 000 and up!!!! </p> <p>this is rediculious as the bank can decide for each different car sale agreement what a large amount is. Esp since the settlement due was no where near R250 000. </p> <p>The amount owed was way below the R250k defined by Wesbank! How is this justified!!!!!!!</p> <p> </p> <p>Who give notice when they are going to sell a car this is just pathetic!</p>