I studied my Nedbank Personal Loan Account. It then appeared to me that the Insurance Payment is very high. It is an ridiculous amount of R347.40. My interest is only plus minus R219.00 decreasing monthly. I wanted to cancel the policy but they say i couldnt untill the amount is settled. I feel that they should decrease the premuim because when my loan repayments are finished i wish not continue wiht the policy and cancel it.
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