Advice about Loan Application

Kerry632

I applied for a personal loan today with RBS, this was to consolidate debt, 1 current RBS loan & 1 RBS credit card, also 1 credit card from another bank, I applied through my digital banking account and at the end the message was that i'd been approved and money would be in my account in 2 working days, which seemed too straightforward!!!
There was no "approved in principle" . Does this mean that the application has been accepted 100%? Any advice appreciated, Thanks

DCFC79

Kerry632 wrote: »

I applied for a personal loan today with RBS, this was to consolidate debt, 1 current RBS loan & 1 RBS credit card, also 1 credit card from another bank, I applied through my digital banking account and at the end the message was that i'd been approved and money would be in my account in 2 working days, which seemed too straightforward!!!
There was no "approved in principle" . Does this mean that the application has been accepted 100%? Any advice appreciated, Thanks

Yes possibly.

When its in your account do make sure you use it for the purpose you intended.

bearcat16

"Too straightforward" ha I know what you mean!

My wife once applied for a £10k loan with her bank, Halifax, and the application took about 4 minutes. The money was in her account immediately.

redpete

Why do you think the bank would tell you it had been successful if they might not follow it through? So yes, I think it has been accepted. But you're not going to use the money until it is in your account so wait 2 working days.