In February FNB confronted me and suggested that I consolidate my debt. I was told that whenever I pay in a big amount I should come and see FNB and they will recalculate the loan. This has been a nightmare!!! Instead of making life a little more comfortable it has financially put me in more debt!! Not only has the service been horrendous and emotionally exhausting! Complete waste of time and money! I have been to the bank only to be referred to the call centre. I have up to date not received the contract.
The insurance and bank charges on this loan are ridicules!!! There is an amount of R47 893.38 out standing on the loan and 55 month left. The recalculated monthly instalment is R1575.00 per month of with R870 is for the loan and R705 are fees. The insurance for the loan is R295 and this will stay the same for the 55 month. Even if the loan is half in just 5 month time! I'm getting because of really bad financial advice from FNB.
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