Halifax Personal loan application 13 February 2022 at 8:48PM in Loans 2 replies 494 views

Chopper81_2

Appreciate I just need to be patient here, however….

As a joint current account holder at Halifax, I decided to apply for a home improvement loan on Friday evening. I have checked my credit score at Experian/TransUnion which both suggested I have a perfect score and I was pre-approved for the loan on the website.

The online application seemed to go ok and Im pretty sure a hard search of my finances was carried out during the process as this has now registered on my report. The last step of the application asked for Identification docs which I provided (photo of passport/face).

I signed and received a copy of the loan agreement but I am still unsure if I have been approved or not. Im assuming funds not transferred instantly as it was out of hours? Or am I still waiting for Halifax to carry out further checks?

It was a bit confusing tbh and customer services were unable to help over the weekend as loans dept not open until Mon.

Should I be confident seeing as Ive already received the loan agreement?

Thanks in adv!

[Deleted User]

Your perfect credit scores suggest that you have a thin file so are higher risk than the average.

Your application will depend on the final checks, so  just hold tight until you get a response.

[Deleted User]

Chopper81_2 said:

Appreciate I just need to be patient here, however….

As a joint current account holder at Halifax, I decided to apply for a home improvement loan on Friday evening. I have checked my credit score at Experian/TransUnion which both suggested I have a perfect score and I was pre-approved for the loan on the website.

The online application seemed to go ok and Im pretty sure a hard search of my finances was carried out during the process as this has now registered on my report. The last step of the application asked for Identification docs which I provided (photo of passport/face).

I signed and received a copy of the loan agreement but I am still unsure if I have been approved or not. Im assuming funds not transferred instantly as it was out of hours? Or am I still waiting for Halifax to carry out further checks?

It was a bit confusing tbh and customer services were unable to help over the weekend as loans dept not open until Mon.

Should I be confident seeing as Ive already received the loan agreement?

Usually if pre approved you will get this message when you click the "loans" section on the app.

That will be the max amount they will lend you, if applying for more than what you are pre approved for only then it would it be referred on and a full credit check conducted, they dont usually do a credit check if you are applying for the max amount the system allowes.