Absa
High interest rates
- 07-16-2013
- 63
I have a loan and credit card with ABSA and have been paying this on time and paying more than I need to.
I was previously on the Private bank package but changed due to fees and my interest was 8%.
When I changed my package the interest increased to 15.5% which is way too high seeing that I am paying my accounts on time and more than I should.
I have been loyal to the bank and feel I should get a better interest rate on my credit card and loan with ABSA.
If I could get this when on the private bank package why can this not be reduced again.
Can my rate please be decreased as 15.5% is way too high. Please remember repo rate is only 5% and prime 8%
Regards
Company: Absa
Country: South Africa
City: Loans