It generally takes at least 10 days and may be up to 30 days from the time you accept your final loan disclosures and sign your loan agreement before the payoffs are made. You are still responsible for making your required monthly payment with your previous loan servicer(s) until your loan has been completely paid off by LendKey. If LendKey sends more money to your current loan servicer than what’s needed to pay off the loan(s), the overpayment may be returned directly to you or sent back to LendKey and we will apply it retroactively to your existing LendKey principal balance. Please inquire with your previous loan servicer as to how they handle overpayments.