The processing of a personal loan is between 1 days and 7 days from the time your application is 'logged-in' to when it is disbursed by the lender.
LenderExpected turnaround times(hours) Bajaj24 Tata Capital72 HDFC Bank48 IDFC Bank24 ICICI Bank72 Axis Bank72 Yes Bank72 Fullerton24 Standard Chartered Bank24 Kotak Mahindra Bank96 RBL Bank96 Indusind Bank96
In reality, however, the processing time, especially from application date to disbursal date is much longer and could be as long as 7-12 days. This is even more so, if there are some credit related approvals to be obtained (deviations from lender's standard policy). In such cases, the procesing time could be much higher. Such deviations are common-place and this is exactly what fintechs such as Saral Credit are trying to challenge.