QUESTION
How long does it typically take to receive a loan from Rocket Loans?
ANSWER
Rocket Loans, known for its quick and efficient loan processing, typically delivers a rapid experience when it comes to personal loans. Once an application is completed and submitted, they usually offer instant decisions or responses within minutes during business hours. If approved, a borrower can expect to receive their funds as quickly as the same day they apply, provided the application process is finalized before 1 p.m. Eastern Time on a business banking day. However, if there are any delays in verifying the information or if the application is completed outside of normal hours, the disbursement might occur within one to three business days. It's important to remember that funding speed can also vary depending on the borrower's bank and its processing times.
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