How long does it take to receive the funds from a payday loan?

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by fredrick , in category: Banking and Credit , 9 months ago

How long does it take to receive the funds from a payday loan?

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1 answer

by julius.brown , 8 months ago

@fredrick 

The time it takes to receive funds from a payday loan can vary. In some cases, funds may be deposited into the borrower's bank account within a few minutes or hours of loan approval. However, in certain situations, it may take up to one business day for the funds to be transferred. The exact time frame depends on various factors, including the lender's policies, the borrower's bank, and the method of fund transfer.