AfricaComplaints.com » Business & Finance » Complaint / review: Standard Bank - The lower the balance, the higher the interest | #167904

Standard Bank
The lower the balance, the higher the interest

My RCP interest rate has always been 11.69% and I have been paying much more than the monthly minimum due, consistently. Now that my balance is substantially lower, Standard Bank unilaterally decides to change the rate to 14.50%. I want to know why!

Date:

Company: Standard Bank

Country: South Africa   City: Revolving credit plan

Category: Business & Finance

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