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Sainsbury loan

Hey everyone

Applied for a sainsburys loan last Friday afternoon. Was approved at a rate of 5.7% and the paperwork arrived with me on Saturday! Signed and sent back to them straight away and they received my completed form yesterday and transferred the funds around 3pm yesterday

They advised me it is usually 3 days for the bank transfer to appear in my account but has anyone ever received funds from them in under 48 hours?
Just want to hear thoughts on how quickly other people seen the money come into their accounts
Thanks!

Comments

  • StopIt
    StopIt Posts: 1,470 Forumite
    They always advice the worst case scenario, as if they tell you it'll take 3 days and it takes less, happy days.


    if they said it'll be 24-48 hours and it takes longer, it'll make people unhappy.


    Most use Faster Payments to send the money and nowadays, once they hit the transfer button, you get it that instant. If not, BACS is 3 day clearance.

    In debt and looking for help? Look here for the MSE Debt Help Guide.
    Also, If you need any free and impartial debt advice, the National Debtline, Stepchange, and the CAB can help.
  • Thanks for the reply!

    Was secretly hoping it would be in my account today or tomorrow so that I could get my new car for the weekend :)

    Currently using my sisters car as sold mine last week for the deposit.
  • StopIt
    StopIt Posts: 1,470 Forumite
    Ellie777 wrote: »
    Thanks for the reply!

    Was secretly hoping it would be in my account today or tomorrow so that I could get my new car for the weekend :)

    Currently using my sisters car as sold mine last week for the deposit.


    Patience is a virtue!


    The car will still be there for you after all.

    In debt and looking for help? Look here for the MSE Debt Help Guide.
    Also, If you need any free and impartial debt advice, the National Debtline, Stepchange, and the CAB can help.
  • They usually send as faster payments so should be there within 48 hours.
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