If you’re looking for a personal loan, there are a few things you need to know. First, you need to understand the different types of personal loans. Second, you need to know how to shop for the best personal loan for you. And finally, you need to know what to do if you can’t get a personal loan.
Time for a personal loan to go into your account.
If you get approved for a personal loan through a bank or credit union, you can expect to receive your loan money within one to five days-though some are faster than others. For instance, alliant credit union offers same-day funding. Similarly, wells fargo usually disburses funds the following business day.
Time for a personal loan to be paid into your account.
While discover personal loans will transfer funds the following business day, some personal loan providers, like lightstream, deliver funds electronically the same day you are authorized. Other creditors may require up to ten working days. If having quick access to funds is crucial for your position, choose lenders with swift delivery.