The loan application process for the traditional bank and credit union in the UK has not been restructured much even since the recent recession and worldwide banking crisis. However, the loan application process is one of the more straightforward in the civilized world, and depending on your relationship with your bank, you can usually get many steps of your loan application skipped.
Especially with the CRB application, the government has given the bodies asking for the application the leeway to ask anything that they want, including opinion questions that can be interpreted solely on the basis of the perspective of the person reading the application. A loan application is more regulated than this; however, they tend to ask for much more information than the other types of applications.
A loan application takes much longer than other types of applications as well. Many times a loan application will need to be given to the bank or the credit union in pieces as they ask for the financial information that they need. Many people have actually expressed major distrust in the banks because of their need to get information two or three times from a loan applicant before they can even begin to make a decision as to the status of the loan application.