Sainsburys Loan Help

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Hi, I've always gone with Sainsbury's bank for a loan, paid them back early. Never had any issues. I need a new car and called last week to borrow more on top of an existing loan. Went through all the guff and was approved. Sent the signed paperwork, and stupidly reserved a car. I called Sainsburys yesterday and they said it's still with their review team and they may or may not require additional info and they have 5 days to decide and then funds would be released 3-5 working days after that. This was news to me, so with the bank holiday looming I don't think the garage will hold the car any longer. Hopefully I'll get my deposit back. :(

Anyway is this standard practice or does this mean i'm likely to now be rejected.

Thanks.

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
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    It doesn't mean anything other than they have not yet made a decision.

    Hold off buying any more cars until you get a decision though.
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