The time it takes to receive the money for an unsecured loan is different from lender to lender.
That’s because each lender is different when it comes to looking at your loan or credit application and making their decision.
If you’ve applied for a secured loan that’s tied to your house, the process can take a little longer – typically four to five weeks.
A secured lender also needs to get information from your mortgage company to value the property. Your lender will also need proof of your identity and your income before agreeing to go ahead with the loan.