Home loan ‘reward’ not very rewarding

📆 5/9/2022 3:13 PM
📰 SowetanLIVE

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Legodi claims to have paid more than R100,000 extra towards his bond and says the bank was only willing to give him R30,164 back, which he says he was told would extend the length of his bond repayment period.

Ntantele Legodi, 57, had hoped to take advantage of Nedbank’s NedRevolve - a product that is seemingly a reward for homeowners who pay extra bucks on top of their agreed monthly mortgage repayments with Nedbank.

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Home loan ‘reward’ not very rewardingA bond repayment product meant to put money back into the pockets of homeowners in good standing has left a bitter taste in the mouth of a Limpopo property owner.
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