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Sainsbury loan

Omonile
Omonile Posts: 21 Forumite
Fourth Anniversary 10 Posts Name Dropper
I am a newbie here and would be grateful if someone could help me about Sainsbury loan timeline. I applied for a loan last week,letter of agreement received on Tuesday and was returned same day. though interest on application has been massively jerked up from the advertised rate i am worried about the delay.i have a fair credit score. thanks

Comments

  • The made up credit score won't affect timelines.

    Sainsbury's aren't the fastest at sending funds but they should give you an update if you call
  • Omonile
    Omonile Posts: 21 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    thanks.will call them.
  • i had a loan with them last year - application online - deferred for callback (as i used wrong bank details!) - approved over the phone, paperwork sent out, returned, and was a few days before the funds were in the account

    the APR went up due to your individual circumstances - the advertised rate is given to 51% of applicants. you, as i was and many others, fell into the 49% based on our circumstances
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