Standard Bank
Incomplete House - Increasing Debt

I applied for a Home Loan through Standard Bank in 2005 and the loan was approved. First the Standard Bank consultants didnt explain that I had to pay interest on the approved bond even when it has not worked. Secondly the developer took long to start building the house and when they started building the house the approved bond was no longer the same as part of it was taken by Standard Bank on allegations that it serviced the interests. The money that was left didnt finish the house.

I am now renting a flat and also paying back the bond of which Standard Bank is refusing to give a further loan for me to finalise the property. This has increased my financial problems and I am getting deeper and deeper into debt. I will be able to repay the bond if the house is completed and I occupy it than now where I am supposed to pay for flat rent plus rates & charges and also service my bond. I really fail to understand why Standard Bank use the slogan 'Moving Forward' or are they moving forward and leaving their customers in financial shambles.

All that I need is assistance from Standard Bank to finish the house and move in so that I can be able to resolve financial predicament.

Company: Standard Bank
Country: South Africa
City: Pretoria

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