How Long Does It Take For A Personal Loan

Funding speed might not be the only factor to consider when getting a personal loan however.

How long does it take for a personal loan. Prosper expects to do it in about five business days. It can take anywhere from one day to a few weeks to get a personal loan from start to finish. For a majority of people in 2018 funds were received in as little as four days but the time it takes for your loan to be funded may vary.

2 lenders review your credit history and other details when deciding whether or not to grant you a loan and that process takes time. Some banks have longer processes than others but it should not take more than one or two business days. Most personal loans are for two to five years for amounts ranging from 1 000 to 100 000.

Once your loan has been approved you ll need to wait for the. To determine whether you meet the lender s specific credit and income requirements for the type of. Once you submit your application we ll try to confirm the information you ve shared on our own.

It typically takes online lenders several days to approve a loan request. How long does it take to get a loan.