Step 3 - A lender issues you with a loan and you get your cash
Times will vary based on the lender you have been matched to and the loan product type you are seeking. Using short-term loans as an example, in many cases loan decisions can take as my as 30 minutes.
If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 14:30. Funds will be sent the next working day if you apply after that time or on the weekend.