Nedbank
Homeloans Rate

I placed an offer on a new home taking into account the excellent Bond Rate I had with Nedbank on my current bond. I also have an exemplary payment history having paid off most of my current bond in 4, 5 years with regular additional payments made on my loan.
I based my offer on the new home considering the bond rate I currently have. In the process I accepted an offer on my current home. When my offer was accepted I approached Nedbank for a loan which was accepted the same day however on over 1% more than my current bond rate. I took this up with them yet they refuse to meet the old bond rate regardless of my history. Note that I have been with them for most of my life and have no accounts with any other bank.
I feel this is disgraceful and I will be looking at placing my business elsewhere.

Company: Nedbank
Country: South Africa
City: Homeloans

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