- Johann Wolfgang Von Goethe -
Applying for a personal loan usually takes about 5-7 banking days. But, it may take a little longer than expected specially if there are such circumstances that prolong the process. Here are the 4 best practices that you can do to avoid the long wait.
Filling out the loan application form is your initial step to your loan application. You must provide complete and accurate information as much as possible. Incomplete information can definitely cause delay. So, it is best that you review all your details and then sign it once your done.
Incomplete submission of documents is the most common cause of delay. Always remember that these documents are required and must be submitted right away.
Bear in mind, it is a standard protocol for banks and lenders, to conduct phone verification. So, you must always be ready to take the call otherwise your application will be cancelled!
This is another factor that causes delay, in the approval process. You might want to talk to them and give them a heads up!