Tesco loan advice please

smarties84

Hello, hope someone can help.

A family member has applied for £5k Tesco loan and has had a letter and an application pack sent with loan agreement to sign. The letter says that family member has been approved for a loan at a rate of 10%....then further down it says it wants a months worth of bank statements and to sign the credit agreement and send that all back before they give a final decision?

Is this normal procedure for a Tesco loan? My family member is now convinved their not going to get the loan, i said why would they send the credit agreement and write they have been accepted for them to then say no?

Any one else had the same and been accepted?
Many thanks in advance, Smarties

greytroot

Its normal for Tesco - had a loan last month exact same - returned all paperwork then got telephone call and money paid in next day.

smarties84

Ahh thats good to know, many thanks

phidy2010

if you dont mind me asking, from applying did you get any calls or emails ect

as applied a few days back and still have not heard anything nor received any paper work?
thanks

greytroot

i got nothing not even an email then paperwork then phonecall then dosh! all in 8 days