MONITOR THOSE PAYMENT HOLIDAYS
Sep 20, 2020
3 minutes
City Press has received several complaints from readers who are unhappy with the way their payment holidays have been managed. Many bank customers believe they were not fully informed of the consequences of taking a payment holiday. In some cases, they were even given a payment holiday without requesting it.
The acceptance of a payment holiday would have automatically extended the period of the home loan, which would allow customers to continue to pay the same instalment amount as before the payment holiday, but
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