Loan decision reffered

Stella66

l have apllied for a medical loan over the phone this morning. After being kept on hold for about 5 minutes for a decision l was told it has been referred. Anyone knows what that means, did l not meet their lending cretiria?

dings

Probably means you're being referred to a more senior underwriter.

Will mean a more detailed conversation about your incomings/outgoings etc.

Dings