The time it takes for an online loan to be processed can vary depending on the lender and the type of loan. However, many online lenders have streamlined the process and can quickly approve and disburse loans, often within a few hours to a few days.

Some factors that can affect the processing time of an online loan include the following:

• The completeness and accuracy of the information provided in the loan application.
• The lender’s internal processes and procedures.
• The type of loan and the amount being borrowed.
• The applicant’s credit history and financial situation.
• The need for additional documentation or verification.

Some online lenders offer pre-approved loans, which can be disbursed faster as they have already checked the applicant’s creditworthiness.

Overall, the processing time of an online loan can range from a few hours to a couple of weeks, depending on the lender and the type of loan.

PAN Card is a mandatory document for a loan