Home Loan and Insurance

Hello Peter

Standard Bank took an ********** Assurance Policy (AP) on our names.

Standard Bank further added the fradulent AP premiums to our Home Loan statement for the past fifteen years.

When we were making payments to reduce our home loan they redirected our payments to this ********** policy. Where we defaulted on our loan repayments that fradulent policy didn't lapse as per clausse 6 of the contract.

They were so desperate that this policy didnt lapse to an extent that they gave us a loan that we didn't apply for just for this policy not to lapse.

Standard Bank profited from this fradulent policy for fifteen years and the financial adviser benefited from the commission of this policy while they drained us in debt.

They are in breach of the contract clause 6. They breached this contact over and over again.

Standard Bank s CEO s office arrogantly says I enjoyed the benefits of this fradulent policy. My question is that should we have died how was a policy we didn't take going to settle the outstanding balance on this home loan. In fact they have misled us into having a policy we didn't have.

The total amount of the ********** policy is +- R 300 000 00 plus fifteen years interest . Standard Bank says we owe them this amount as they have been adding it to our home loan account for the past fifteen year.

Standard Bank has breached our contract we didn't give them the authority to take our personal information to submit it to the insurance company for their benefit.

Standard Bank have since claimed from this *****ulant policy that was on our names and they are counting their riches.

Standard Bank does have business ethics they are heartless they don't see anything wrong with this raudulent transaction clearly it's their business de*****ing clients and then repossess their homes.

Standard Bank doesn't want to remove the ********** AP premiums from our home loan statement they say it's our fault that there was a ********** policy , we should have perused and scrutinised our home loan statement, really. ?

They are simply saying they are untouchable , they have power they can do as they please with our Identify documents. We must just continue paying for de*****ing us.

They further increased our monthly installments to R7 200 on a R387 000 loan. By 2018 my loan balance has increased to R 689 128 after paying thirteen years.

Whether Standard Bank likes it or not , assurance policy from 2005 that they have on our names was not a mistake it is ***** AND ORGANISED CRIME.