Standard Bank
Home Loan terms increament without concern

I have home loan with standard bank. my repayment loan agreement that i signed to the lawyer was 20 years with a monthly installment of R4300. I am pay R4500 through stop order. when i was checking my balance on my home loan account, i was informed that my installment due for February is R6500. when i want to find out why the installment has increased. I was referred from pillar to post without the correct answer, then i was transferd to another department where they said my terms of payment has been changed from 20 years to 12 years. I was never informed about the changes on the contract. i cannot afford to pay my bond for 12 years. This means i will have arrears on my account it will reflect bad on my credit status. Please help me because i think the bank want to take my house. I have been paying my house since 2007.

Company: Standard Bank
Country: South Africa
City: Head Office

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