Standard Bank
Revolving Credit

Afternoon, I took a revolving credit loan with standard bank late 2011 and I have been paying for it since then but I noticed that my balance is only going down by R130 yet my premium is R560 and my balance at the moment is R22 000, I went to the branch in Green Stone and the Glen branch to get clarity on the matter but i was told that the large potion of my premium is the interest they charge me, then I asked them to provide me with a copy of the contract I signed because I wanted to find out exactly for how many months did I take the loan for as by the rate this balance is dropping it will take over 20 years to pay up.

Company: Standard Bank
Country: South Africa
City: Green Stone

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