RBS Loan

yoshiyella

Hello All,

I have a RBS bank account and applied through them online for a personal loan. At the end of the application it said we need to send you an application pack.

Today I received this which is a copy of the loan agreement stating the monthly payments and APR which I need to sign and a letter stating I need to send in my last 3 payslips.

I know no-one will know for certain but has anyone had any experience or have a good idea if I am likely to have been accepted or not?
Thanks :beer:

20aday

yoshiyella wrote: »

Hello All,

I have a RBS bank account and applied through them online for a personal loan. At the end of the application it said we need to send you an application pack.

Today I received this which is a copy of the loan agreement stating the monthly payments and APR which I need to sign and a letter stating I need to send in my last 3 payslips.

I know no-one will know for certain but has anyone had any experience or have a good idea if I am likely to have been accepted or not?
Thanks :beer:

From memory you'll have been accepted by RBS for your Personal Loan with them.

When I was with NatWest I was declined in-branch and then applied online a few months later; I received the above bumph and accepted.

yoshiyella

I hope you are right!

Not sure why they asked to see my payslips when the money goes into a RBS bank account. Also, I said that I get an additional income but sent no proof of that due to the fact I get paid it in different formats and at random times.

yoshiyella

Also, does anyone know if the APR is likely to change - on the blue copy of the loan agreement I sent back it stated 10.1% and monthly payments of £211?

Thrugelmir

yoshiyella wrote: »

I know no-one will know for certain but has anyone had any experience or have a good idea if I am likely to have been accepted or not?

If you meet the lending criteria then you'll be accepted , if not you'll be declined.

The lending department will not have visibility of your current account transactions. Hence the request for payslips.

yoshiyella

Thrugelmir wrote: »

If you meet the lending criteria then you'll be accepted , if not you'll be declined.

The lending department will not have visibility of your current account transactions. Hence the request for payslips.

Oh I understand that if I meet the criteria then I will be accepted if not declined. It's just I have never got to this stage before and sending in payslips so I don't know what happens after this. Do I just wake up and as I do daily check my online balance and see the loan amount or do they write/call/email to say it will be going in or will they write to me and say sorry not this time.

Thrugelmir

RBS will write.

chambta

Thrugelmir wrote: »

If you meet the lending criteria then you'll be accepted , if not you'll be declined.

The lending department will not have visibility of your current account transactions. Hence the request for payslips.

Not true.

There can be other reasons but if it's a joint account, for example, it won't be assumed that the quoted income belongs to the applicant.

Thrugelmir

chambta wrote: »

Not true.

There can be other reasons but if it's a joint account, for example, it won't be assumed that the quoted income belongs to the applicant.

There's no open access to customer information within banks across departments.

chambta

Thrugelmir wrote: »

There's no open access to customer information within banks across departments.

If you're suggesting that the lending department, where online and telephony loans are dealt with, have no access to view accounts then you are 100% incorrect.

yoshiyella

Well to be honest that's not that important if they can or cannot see my accounts as they requested payslips.

Doubt I will be accepted anyhoo!