Judging from the current actual situation, more and more users need to apply for loans, so various loan platforms have sprung up on the market. However, different platforms provide different products. Some users may need products with fast review, while some users need products with high quotas. In terms of review speed, how many working days does it usually take for loan approval? Didn't expect it to be so soon!
Regarding the speed of loan approval, as mentioned above, different products have different review speeds. Generally, the approval speed of banks is relatively slow, usually around 7-15 working days. If you include holidays, it will take almost half a month. Of course, if everyone has good qualifications, the approval process will be faster. The reason why banks are so slow is inseparable from their strict internal review requirements. Unlike other platforms, banks have relatively high requirements for users, so users with average qualifications will be more likely to be rejected. In contrast, the review speed of online loan products is much faster, and most results are available in about 1-3 days. If you are a qualified user, you can even make a payment in seconds. Of course, the application threshold for online loan products is also lower and is suitable for users with less qualified qualifications.
I would like to remind everyone that the review speed of some online loan products is currently relatively difficult and may take more than ten days. On the one hand, it is related to the internal review mechanism of the platform. On the other hand, because the platform adopts third-party lending, after everyone passes the platform review, they still need to pass the review by the capital. Because there is an additional review process, more requirements are actually required. Regardless of whether it is a bank loan or an online loan product, the review speed has been much faster in the past. If you are in urgent need of money, the key is to improve your qualifications. Good personal qualifications are the only guarantee for speeding up the review.
In the process of applying for loan products, you may also encounter other problems. If you don’t understand something, you can check it at any time.