So the latest in this saga, from the banker who helped me activate the access bond facility on 6 August, is that one line in the recorded terms and conditions they played to me is supposed to cover the possibility that the repayment would increase. The line goes "your installment will be...
Thank you. We paid in the money less than a month ago and it reflected immediately fully as available funds, but as of 01 Sept it’s minus R16k which is crazy as we took out nothing after. As for normal repayment, I mean what we’ve paid since the last rate increase; we’ve not had a rate increase...
Hi members
We recently activated the access bond facility on our Standard Bank home loan so we could pay in additional funds (but still have access to them down the line if needed). It was a significant chunk we put in, and we chose 1 of 2 options: to keep our monthly repayment the same (so we...