Lloyds loan calculator - how long to process?

jarv81178
jarv81178 Posts: 108 Forumite
Fourth Anniversary 10 Posts Name Dropper
So I checked on Lloyds online loan calculator for £35,000 over 5 years and it said highly likey.
If I went ahead with this, how long roughly doe sit take for Lloyds to process this loan?
I remember  a few years ago and asked for £3000 and got it the same day...

Comments

  • That depends on whether Lloyds approve your application straight away or ask for more information e.g. proof of income before making a decision. 
  • I have to agree with the above.  £3000 is a relatively small loan, so in all likelihood it was a case of you submit the application, "computer says yes", funds transferred.
    £35,000 is obviously a significantly higher amount (and very high if it's an unsecured loan, not sure if this is the case?).  So it could very well be that "computer says 'I don't know' " and it gets referred to a human being for additional review - it which case it could take several days.
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