Natwest Loan "agreed in principle" but then invited to sign online.

jumpingbeanz

Hi,

I am new on here, never posted before but been reading for a while. I just wanted a bit of advice from anyone that has ever applied for a natwest loan or anyone that might know anything...
On Tuesday night, I applied for a loan through my online banking.
It was to pay off the remainder of my other natwest loan and have a bit left over for a few other things.
However, this time it said that it was approved subject to my paperwork being in order and that the forms would be sent out to me.
Last time it was just a straightforward approved and I signed online and that was that.
Ok I thought, anyway, the next day I get an email from Natwest inviting me to now sign online and if I chose to do this, I did not need to send back the paper forms. So that is what I have done.
I then got an email yesterday saying thanks and that they are now doing final checks and the money will be in my account the next working day.
Nothing is in my account today and no loan account is showing.
I can't call them at the moment as I've got family staying over and it's a bit difficult but I'm just wondering if maybe it will show up tomorrow as at first it had said 2 to 4 working days?
It's all very confusing, I hope I haven't been declined.
Anyone else had the same experience?
Thanks in advance.

jumpingbeanz

Anyone??....Please???

matttye

You need to call Natwest. They said it would be in your account the next working day - Friday - and it's not. Only they can say why that is.

jonesMUFCforever

There are only 2 reasons for this -1 You haven't been accepted after all or 2 They have a backlog of applications to process.


Either way only Nat West can tell you - we are only guessing.

optimist68

It depends when you signed. If it was late Thursday, that would have been processed on Friday, so the next working day could be Monday. I'd be patient. Also it might not be showing up yet.