How long does it take to process my personal loan applications?

Processing time for a personal loan can vary for different banks. The time taken to process your loan is dependent on several factors, including: requirement of a valuation, complexity of your loan, availability of supporting documents i.e. your salary slips, credit card statements etc. How quickly you return your signed loan documents. On average, it takes 14 days from the date of application submission. However, some banks can process your loan within two to three days. Please note if applicants have previously taken a loan from a bank and have paid them back on time, then it's likely the applicants will get their loan application approved faster than someone who has never applied for a loan before.