Standard Bank
Home loans declined due to incompetance

I have an existing home loan with Standard Bank. I am selling my house and buying a new house. I applied for a new home loan and was declined due to affordability. I spoke to Standard bank and explained that i do not want a second loan. I am cancelling the existing loan, because i am selling my house. I am applying for a new loan for the new house. According to Standard Bank i was declined due to affordability, as my existing loan is added to my expences. How is this possible. I do not want two loans!!! My existing loan should not be calculated as an expence as it will be cancelled. Now they tell me to sell my house, and only then apply for a new loan. Hopefully the new house will still be available.???

Company: Standard Bank
Country: South Africa
City: Online

  <     >