Finance approved !, So why am I not jumping up with joy ?

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Plothond

Race Dog
Joined
Sep 11, 2006
Messages
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Location
Pretoria East - Home of Jameson
Bike
KTM 1090 Adventure R
I get the call today:

Hello Plothond (not my real name  >:D)

Your finance is approved  ;D
Your interest rate is 20%  :angry4: WTF ???

eehh... Why so high ?
It's a leisure item !! - Ok, I understand, but it's still high ???

The amount is rather low

??? - huh ???


To cut a long story short. I got a big deposit - not financing a large amount.
Seems like the banks do not like this.... WTF  ..... ???
If a higher amount was financed it might be a different issue
Had an unrelated meeting with my Auditors yesterday, seems the banks are complaining - the new NCA is somewhat putting a damper on new business

Seems then to me they are making it up other ways  >:D

Now I've heard it all  :(
 
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