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Access Facility - Standard Bank Misleading

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MullerT
Occasional Visitor

Access Facility - Standard Bank Misleading

Has anyone received a letter from HomeLoans that notes "Your account has come up for review. The review revealed that should any further withdrawals be made from your Access Bond you will have to increase your monthly repayments to ensure that the loan is paid in full on expiry. We will have to reduce the available funds in your AccessBond facility."

What absolute nonsense. In my case I pay at least 4X my required installment, have a credit balance and plan to pay the bond off at least 10 years early. So Standard Bank, who did your so called "review" as they clearly need more training. Has anyone else received this nonsense from Standard Bank? Forget the new websites, please train your reviewers!!

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