 TITLE: How Do Online Loans Work? CONTENT: How Fast Can I Get an Online Loan?\n----------------------------------\nWhen an emergency strikes, you might not have a lot of time to compare lenders and wait for the funds to arrive. One advantage of working with online lenders is that you can quickly submit multiple prequalification applications to find the best rates and terms without hurting your credit.\nA few online lenders offer same-day funding once you're approved. But generally, it can take around one to five business days to get the money once your loan is approved. In part, the timing can depend on which bank you use. Some lenders may also take several days to review and approve your application, and the process can be delayed if you're delayed in uploading the required verification documents.\nTraditional banks and credit unions where you have an account may be able to get the money into your account the same day you're approved. They may, however, take longer to process and review loan applications, and some financial institutions don't offer personal loans at all. END