USAA may approve you the same day you apply for a personal loan or within 1 business day. After your application is approved and you accept the offer, it takes 1 - 3 business days to receive your funds, which USAA will send to you by electronic bank transfer.
Key Things to Know About USAA Loan Approval
Minimum Credit Score: Excellent gets the best rates
Approval Timeline: 1 business day
Funding Timeline: 1 - 3 business days
Fund Delivery Method: Electronic bank transfer
Loan Amount: $2,500 - $100,000
APR: 7.24% - 17.65%
Repayment Period: 12, 24, 36, or 48, 60, 84 months
It takes 2 to 4 business days to get money from a USAA personal loan, in most cases. The USAA loan timeline includes around 1 business day to get approved for a USAA loan and another 1 to 3 business days to receive the funds after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.… read full answer
How to Get Money From USAA as Fast as Possible
Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from USAA having to request additional information.
Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
Apply online. Online applications have the fastest processing times since they are automated and streamlined.
Once you get approved for a USAA personal loan, the money will be delivered through an electronic funds transfer to your bank account, which usually takes 1 to 3 business days.
USAA does not offer personal loan pre-approval, which means you cannot see your odds of approval and potential interest rates before applying. Most other personal loan providers do offer pre-approval, which can be very helpful for potential applicants.
Even though USAA does not offer personal loan pre-approval, you can try out WalletHub's free … read full answerpre-approval tool, which checks with multiple other personal loan providers at the same time. It may help you find a good offer from a lender you weren't originally considering. This process will have no impact on your credit score.
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