Hello, I applied for a Tesco loan last week and yesterday I recieved a text message saying I had been approved and would recieve my documents by post within three days. I was not given the option online to recieve these via courier as I would have done that. If I have a text saying my loan is approved does that mean I will defintley get the funds into my account or can my loan still be declined when Tesco recieve my documents? Just want to know as I will start looking elsewhere as this loan is to pay for my wedding. Thanks in advance.
Tesco Loan Query
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Hello , thanks for getting in touch. We don't have an option to send the documents by courier I'm afraid. A final check will be completed when we receive your documents back, so the loan isn't guaranteed at the moment. I hope this helps!
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Thanks for taking the time to reply. What are the final checks? I take it you have already some a credit search etc?
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Thanks for taking the time to reply. What are the final checks? I take it you have already some a credit search etc?
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Hi , we need to receive your credit agreement back and signed before we can guarantee the loan. That's correct, the credit search will have been completed by this point.