Mercantile Bank
Personl Loans

I visited [URL Removed] after receiving an sms that i could qualify for a loan at 3.5% interest. I made an application via [Email Removed] for R60 000 and my application was approved, but i was supposed to pay R2640 to the company's attorney before the money could be transferred to my account.

I became suspicious because the repayment amount was R894 for 48 months, which does not add up to R60 000 (48 x 895 = 42 960)! So they got their mathematics all wrong (i'm an Actuary by the way)... so i knew something was fishy. Banks do not make this kind of mistake when it comes to money.

I asked for the company's NCR and registration numbers. They gave me the following numbers

Registration No:1965/006706/06

NCR No: NCRCP19

Upon cross checking with the NCR website, i discovered that these details actually belong to Mercantile Bank In Sandton, who are NOT even affiliated with Mercantile Finance.

I am convinced that Mercantile Finance is a.

the contact person at Mercantile Finance was Mr Fred Owen.

PLEASE BEWARE OF MERCANTILE FINANCE... FORE WARNED IS FORE ARMED.

Company: Mercantile Bank
Country: South Africa
City: Johannesburg

  <     >