I applied for a loan a month ago through a bond originator; I received a 100% loan with a 0.95 above prime interest rate (what a pathetic interest rate, I am a client at Nedbank with a good credit record). A month later I canceled the loan due to another option I got on a better property (new development, same place and same price). Applying again, (this time with a small deposit) 90% loan (10% deposit deposit given) with a better interest rate of 0.5 (still not that good)... now I want to ask Nedbank??? It is a month later; I gave a deposit and my credit score is even better... why do I only get a 90% loan with such a bad interest rate??
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