Never take a Home Loan for a Development at Standard Bank

Early last year, my bond for a new development was approved with an installment of about 4.5k per month with a 9.75% interest (prime rate) . The development was due for completion in March 2016. In February, during the registration process, I was re-quoted at 12.5% interest and my new installment is now about 6k a month. It was a bit late for me to "shop around" for a better deal. I was trapped into this ********** deal cause I had paid a deposit to secure the house and cancelled my lease etc., I had to continue with the deal. Sneaky, biggest bank by assets, very sneaky. Congrats on the *******.