Nedbank
Bond re-advance application

Nedbank should change their slogan from WE MAKE THINGS HAPPEN to WE DONT MAKE THINGS HAPPEN.
We have banked with Nedbank for over 23 years, and the recent treatment from Nedbank (and at least 4 people are involved here) felt like a slap in the face and a kick in the pants.
All we want to do is access R 122, 000 from our existing bond and do not want to change the loan term, so will pay more each month.
It was approved on the basis that my husband either provide financial statements from his company (he has a 20% share in a company, which is 18 years old nearly.) or he must move his company account from his current bank to nedbank. WHAT A CHEEK.

I understand that there are regulations in place, however someone at a level of importance within the bank should be able to over rule in a situation like this.
We currently get a interest rate of 2% below prime on our bond and we feel we are being discriminated against because of that. There is no other logical reason.

We are seriously considering moving our bond to standard bank, where the business account is.

If you cannot rely on your bank to support you when you want money to do home improvements, then that is a very sad day indeed

Company: Nedbank
Country: South Africa
City: Claremont cape town

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