Hey there,I applied for a loan yesterday and was outright accepted. I was given the option to have a 2 month payment holiday and the option to sign the agreement digitally online which I have done. The last step says a few final checks would be done then the money released ; what are these checks? I also have a copy of the agreement showing the agreement was signed on the 21st March.I received no further correpondence which I know you don't do anyway so I wasn't worried about that. It's over 24 hours now and there isn't any sign of the money. Is this something to be concerned about? I suppose no news is good news?
Hi , you should find that the application checks and transfer should take no more than 48 hours. During this time, our Application team check over the details in the application to make sure that everything has been completed correctly, so there's nothing to worry about :-) Once the checks have been completed, we'll send out a text message with further information about when you should expect your loan funds.
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Tesco Personal Finance plc, trading as Tesco Bank as part of the Tesco Group take the security of your data seriously. We want you to be confident that your data is safe and secure with us and understand how we use it.
We collect data when you browse our website (e.g. your IP address) and register for the Community. To find out more about how we use your data, our legal basis for processing your data and your rights under data protection laws please view our Privacy Policy.
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Tesco Bank Community Terms of Service v 1.0
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EmployeeHi , you should find that the application checks and transfer should take no more than 48 hours. During this time, our Application team check over the details in the application to make sure that everything has been completed correctly, so there's nothing to worry about :-) Once the checks have been completed, we'll send out a text message with further information about when you should expect your loan funds.
ScottW
