If a loan is taken out to pay off an old loan and then balance of new loan is set up in a new loan account why would it be showing the balance amount but with a minus against the amount.
I am not sure what you are describing, but normally you would take out a new loan for £x on a new loan account. The total amount would go into your current account, that account would then be debited with the total outstanding on the old loan and the old loan closed with a nil balance as fully repaid.
Yes PP it's not my loan, but I was ask why, if loan was approved yesterday old loan has been paid off the balance of new loan is showing in a new loan account, but with a minus against it, I suggested to said person maybe it doesn't clear until next working day, which in this case would be Monday.