Tesco Bank Loan requested bank statement for final checks

  • Zayk's Avatar
    Hi, I applied for 20k loan and received agreement in principle. This morning I recived a post with contract to sign and return and also they requested my last month's bank statement for final checks. I just want to ask why do they ask bank statement for? All of my bank statement is in align with what I have told them at the time of application. Does it matter if your current balance is quiet low because it is end of the month and direct debits are gone? Also, for some reasons my credit history report does not show one and only loan I have but my bank statement will show that, can that be a problem? Thanks.
  • 2 Replies

  • Verified Answer

    Tesco-Bank's Avatar
    Your Community Expert
    Verified Answer
    Hi Zayk, thanks for getting in touch. There's a number of reasons we may request a bank statement from you. It could be to confirm your address or that the bank details provided belong to you.



    It shouldn't matter if your bank account is low as we'll be able to see your balance over the full month - Thomas
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