Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Community

A one-stop forum for all your banking questions

Cancelled Home loan payment Holiday

Reply
1 REPLY 1
Solomon012
New Member
I want to cancel my loan application now
andredp95
New Contributor

As most people I explored the option of a payment holiday on my home loan. I was impressed how fast the request was approved. However when the T&C's arrived I was shocked. Not only would I loose the access bond facility but also I would need to re apply after the payment holiday. I cancelled my request for the payment holiday. However was informed the payment reversal is already in place and I can transfer the money back into the home loan account. The payment was reversed nearly a month later. I did the transfer as requested and noticed the next month's payment did not go off. I again made a manual payment. Then my access bond facility was cancelled. Long calls to the call centre and it was reinstated. This morning checking my account, guess what...access bond gone. Really! Is this customer service?