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A loan approval process should take anywhere from 1 day to 1 month, depending on the size and type of loan applied for, as well as the credit risk and underwriting needed for the borrower. loan approval process should take anywhere from 1 day to 1 month, depending on the size and type of loan applied for, as well as the credit risk and underwriting needed for the borrower.
Get your mortgage approved the first time around. A home loan application can take up to two weeks before a borrower is approved for finance. But there are so many variables, asking how long it takes to complete a loan application can be like asking, âHow long is a piece of string?â.