How long it takes to receive your loan depends on whether you get a secured or unsecured loan.
An unsecured loan can arrive in your bank account within hours of starting your application online. You can get the money this quickly as long as you meet all the eligibility criteria and the lender has all the information they need to release the funds.
Getting a secured loan, however, can take a couple of weeks from application to receiving the funds. That’s because you will need to submit more documents, including proof of home ownership and mortgage statements.
The lender may also want to get an up-to-date valuation and survey of your property before they agree to the loan.