Tesco Bank Loan Application

ryan92

I applied for a loan yesterday and was outright accepted.
I was given the option to have a 2 month payment holiday and the option to sign the agreement digitally online which I have done. The last step says a few final checks would be done then the money released ; what are these checks does anyone know?

I also have a copy of the agreement showing the agreement was signed on the 21st March.
I received no further correpondence which I know they don't do anyway so I wasn't worried about that. It's over 24 hours now and there isn't any sign of the money. Is this something to be concerned about?

I suppose no news is good news?

[Deleted User]

No news is no news.

Nothing to be worried about. It's only been 24 hours.

They'll let you know once final checks have been done. Assuming you are who you say you are and filled out the application accurately, you should be fine.

DCFC79

Just be patient.

TheJackah

In my experience with Tesco, it normally means they'll send a couple forms in the post for you to sign, especially if it's your first financial product with them. Might not be on this occasion, but that's my experience.