What is an electronic signature?
Some lenders will ask you to sign the loans agreement electronically ✍️
- An electronic signature is an easy way of signing an agreement online and is legally recognised.
- Instead of writing your name with a pen, you simply click the yellow box that says “I accept & sign this agreement”.
- This means no paper forms need to be sent out and no unnecessary delays.
- Although this is legally the same as ink on paper signature, so it’s important you don’t sign until you’re completely happy with what you’re agreeing to.
Don’t worry if you or your guarantor are unable to do this, contact your lender, and they will undoubtedly be happy to post you both paper copies (though this will take a little longer).