How long does it take to apply for a loan?

How long does it take to apply for a loan?

This is sort of a ‘how long is a piece of string?’ question.

It all depends on the lender. An application can take anything from a few minutes or a day, to several weeks.

Where they differ is the process after the application. For instance, a small personal unsecured loan is likely to be faster than a mortgage for £200,000, as additional documentation is required.

So the piece of string really depends on your situation, the lender you choose, the forms to complete, and how quickly you can return the forms.

FAQs: Pick a category below you may need help with

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