Motor Finance Corporation
Discrimination for commision earners

I recently applied for vehicle fiance through MFC as nedbank is the bank i bank with. I got told that i only qualify for R90 000 as i earn commission and they only take 5% of my total commission earnings which was not enough for the car i wanted to purchase. I then supplied them with 12 payslips proving that my salary has been constant for that period of time and yet they still said i only qualify for R90 000. I then went to Standard bank submitted my application and within 30min they informed me I quailify for R400 000. I do not understand this how can the bank i bank with who has all my financial information and see how i run my check account, my credit card and loan with them say i cannot have the finance i need with them. I think this is utter rubbish and a discremination towards people who earn commission. Today i have settled the loan i have with them, i will be closing my cheque account and credit card with Nedbank. I do not recommend them to anyone and i will never do business with them again.

Company: Motor Finance Corporation
Country: South Africa
City: Head Office

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