We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Email from Natwest regarding Loan
Blackpuddin
Posts: 7 Forumite
in Loans
Hi all
I've applied for a loan from Natwest today, I'm an existing customer with online banking facilities.
On completion of the application it came up with the terms and I "signed" the agreement.
I received an email saying my loan application was agreed in principle but then in bold it said "your application is now complete and we will text you in the next working day when the funds have been transferred to your account".
This seems contradictory as in principle suggests its not been agreed but the further text suggests its a done deal? Has anyone else had this and what happened?
Thanks
I've applied for a loan from Natwest today, I'm an existing customer with online banking facilities.
On completion of the application it came up with the terms and I "signed" the agreement.
I received an email saying my loan application was agreed in principle but then in bold it said "your application is now complete and we will text you in the next working day when the funds have been transferred to your account".
This seems contradictory as in principle suggests its not been agreed but the further text suggests its a done deal? Has anyone else had this and what happened?
Thanks
0
Comments
-
It means they may or may not run further checks and if/when they send the funds, they'll let you know.
If they change their minds, they'll let you know that too.0 -
I shouldn't worry, just await the text tomorrow.0
-
So today, on my online banking the loan is showing as a new account but the funds are not yet available.
Does this mean its all processed and I'm just waiting for the funds to be added today?
Thank you.0 -
Almost probably definitely.0
-
Deleted_User wrote: »Almost probably definitely.
Perhaps...0 -
Now in my account 😊
Very easy process.
Thanks for the help.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards