1 reviews | Active since Dec 2017
Standard bank ************** when applying for land financing
We app**** for a homeloan purchasing vacant land as an individuals. Standard Bank approved the loan but we then decided to apply under a company. The bank did not approve the loan citing inconsistency in paying other debts. The inconsistency was during COVID-19 when our income was interrupted and those accounts were later paid off and closed by Feb 2023. Some debts repayments are up to date but we still got rejected. Surety for the company is given by the same individuals/directors who app**** for the loan and were approved using the same documents(I.e payslip, 3 months bank statements etc). Why is Standard Bank not approving the home loan when applying using the company? T same documents were used for individual applications and the loan was approved? Does this mean Standard Bank is ************** against small businesses that wants to acquire land?
Thank you for contacting us for assistance.
We try very hard to make every customer’s experience enjoyable, and we really regret not being able to meet your expectations this time.
We will do our best to resolve this issue as soon as possible and find a solution that works for you.
Our team will contact you to assist you.
Kindest regards
Standard Bank Hello Peter Team
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Thank you for contacting us for assistance.
We try very hard to make every customer’s experience enjoyable, and we really regret not being able to meet your expectations this time.
We will do our best to resolve this issue as soon as possible and find a solution that works for you.
Our team will contact you to assist you.
Kindest regards
Standard Bank Hello Peter Team
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The unfortunate part is that we paid the lawyer that was given a mandate to register our bond under our names instead of our company. Can Standard Bank resolve this matter as it feels like a tactic to ensure we never register our bond under a company as they have initially rejected our application without proper reasons.
The unfortunate part is that we paid the lawyer that was given a mandate to register our bond under our names instead of our company. Can Standard Bank resolve this matter as it feels like a tactic to ensure we never register our bond under a company as they have initially rejected our application without proper reasons.
We will follow up with our team and we will be in touch.
Please be on the look out for further feedback.
Kindest regards
Standard Bank Hello Peter Team
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We will follow up with our team and we will be in touch.
Please be on the look out for further feedback.
Kindest regards
Standard Bank Hello Peter Team
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