Tesco Loans - Quick Question

fluffy123

Hi all, I applied for a Tesco loan at 8% and was accepted 'in principle', so just had to sign the necessary documents and send back. I then called them and they'd recieved those and said it'd be around a few days. Now the money has hit my account but I've had no confirmation yet.

Now, obviously I've had the money put in so thats confiemd but I need to use that money as soon as possible, there isn't any chance they've paid all the money to me but will have changed the APR or anything from what I have signed, have they? I can't call them as I'm in work until 4.30pm and then need to dash to the bank to settle my current loan with them.

Rafter

The paperwork you signed would commit them to the 8% APR so unless they had changed it on there without you noticing, you have the funds at the rate agreed - check your copy.

R.

fluffy123

Ah, that's good, thanks. It was definitely 8% APR I've signed for. I'm just worried in case I start using this money from today and then get a document in the post saying the APR and monthly repayments are higher and then the money has gone and I can't cancel the loan.

Thanks!