Yvette S

TGI Auto Brokers also known as SA Auto Brokers

We have approached SA Auto brokers (also known as TGI auto brokers) for a loan in September 2016. The company advertise, loan against your car and still drive it. So we made a loan of R6000.00. Repayable R8100.00 with interest. We couldn't afford the full repayment at the time so we kept paying the R2100.00 interest fees. Then we started paying R4200.00 to pay the interest and some of the Loan amount. We ended up Paying R38200.00 in total for a loan of R6000.00. When we went there to fetch our car papers the car was also registered on Their name and no longer in our Name at all. Which resulted in us having to get a roadworthy certificate and to put the back into our name. Another R2000.00 as the licence was also very behind. To date they are refusing to send us the full statement of account or the Supposed Contract that we signed with them. ' There was never a contract signed" I cant get hold of anyone in Management at all at aby given time of the day. SO please watch out for these guys, By law they were only allowed to charge us 100% interest on what we loaned and nothing more than that. So they could only charge us up to R12000.00 in total.