Loan help!

jcrennie

This might sound like a daft query - I am wanting to apply for a personal loan to fund a car purchase. Only going to go through with it if they offer me at 2.8% - during the application process it is asking for direct debit details - after completing the application do I have still have chance to reject the loan or are the funds automatically sent?

Appreciate the support in advance - applying through Santander for the record.

Sncjw

You won't know the rate until you go through the application proces 

jcrennie

Sncjw said:

You won't know the rate until you go through the application proces 

Yes, I know that part. But after I apply and am given the rate do I then sign to accept it, or are the funds transferred no matter what is the application is approved..

andyf1980

You’ll get the rate and then you’ll be asked whether you want to proceed with it. 

jcrennie

andyf1980 said:

You’ll get the rate and then you’ll be asked whether you want to proceed with it. 

Brill thanks Andy, I thought that might be the case, but inputtng by DD details gave me second thoughts!