Did you apply for a loan? Depending on the bank or app, your application may be processed within 3-5 business days. Check out if your loan is approved or denied.
Loan Status Checker
How can I check my loan status application? Most banks and financial institutions have an online loan status checker. Choose the bank where you have your application sent.
BDO
BPI
Pag Ibig Fund
Security Bank
Unionbank
Approval Time
Note that each bank may have a specific time frame when it comes to loan approval. It may take from 5 to 10 business days or more depending on the requirements. Factors that may affect your application include but not limited to:
- Capacity to pay
- Documents submitted
- Type of loan
- Duration of the loan tenor
Loan Apps
For those who applied using online loan apps, the approval time starts at 24 hours. However, the company may require other documents or steps before one gets an approval. Expect 3 to 5 business days for the approval of your application if qualified.
Best Bank for Loans
Remember that banks have promotions and special offers based on your credentials. It is a good idea to get an evaluation first to know more about the best package deal for your needs. Housing loan, personal loan and car loans have different interest rates.
In most cases, the loan status will be sent through SMS or email. If you have provided your details, you will be informed about the status of your application.