Once approved for the personal loan and all the paperwork is signed, your lender will deposit the cash. The cash is usually placed in your bank account (using the details you have supplied the lender with), and you can use it as you wish. How quickly this happens varies from lender to lender, but if you are approved in the morning or early afternoon, you can expect the money in your account the same day! The lender should explain how long it takes for the money to be transferred to you once approved for the loan.