Applied for loan at NatWest…accepted but found lower APR else where. Can we still apply for that ?

Noidea8789

Hi all, 

My husband & I have applied for a 20k loan over 4 years to purchase a car. We’ve never ever applied for a loan before. 

Stupidly we went with our bank who offered us 7% APR, we applied and we’re accepted. They are sending out paperwork. 

In the mean time I stated to worry that the apr was too high. We actually used the calculator on here and we’re seeing that we had 95% chance of being accepted for a 2.8% APR loan.

my question is this :

If we apply for the lower APR loan, will the fact we have been accepted by NatWest hinder the chance of loan being approved? 

We haven’t signed any documents or anything as of yet and don’t plan to.

Please help. Seriously stressed and don’t know what to do. 

Thanks in advance. 

[Deleted User]

Yes, you can apply elsewhere. The existing search will have a minimal impact, depending on your credit files.