I need an RV loan. I would love to get one from a credit union. Do they make you wait for a while after joining to give you a loan?
Thanks!
That varies from credit union to credit union. My credit union gives loan officers the authority to approve up to a certain amount; anything over that amount, or if your FICO is borderline, then it would have to go to a loan committee. When I applied for a car loan, I was approved within 24 hours and funded the following day. I know of others who have had to wait a week or longer to get a credit decision.
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October 24, 2008 at 06:50 am
It depends on how good your credit is.
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October 24, 2008 at 07:37 am
you probably have to wait a few days or even weeks after submitting your loan application to hear back from them. they sometimes have a loan committee that reviews applications one day a week.
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October 24, 2008 at 08:03 am
Individual credit union policies may vary, but you can probably apply for a loan right away most times. It is not an instant approval thing though, so it may take a week or a month to be approved.
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October 24, 2008 at 08:20 am
I joined on and applied for the loan that day and was approved by the end of the day. Of course then I had to get all the papaerwork in order and that took a few days.
Depends on your credit whether you get approved or not, but I'm sure you know that
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October 24, 2008 at 08:56 am
That varies from credit union to credit union. My credit union gives loan officers the authority to approve up to a certain amount; anything over that amount, or if your FICO is borderline, then it would have to go to a loan committee. When I applied for a car loan, I was approved within 24 hours and funded the following day. I know of others who have had to wait a week or longer to get a credit decision.
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October 24, 2008 at 09:44 am
If you qualify,yes.
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October 24, 2008 at 10:29 am
I am Mr Peterson,a private Loan lender and a cooperate financial for real estate and any kinds of business financing, we offer Loans to individuals, Firms and cooperate bodies at 5.5% interest rate per annum and 0.5% interest rate monthly base, loan terms determinant, capital base between the amount of $5,000.00 to $50,000,000.00 US Dollars. Loan for developing businesses a competitive edge. We offer the following kinds of loans * Personal Loans (Secure and Unsecured) * Business Loans (Secure and Unsecured) * Consolidation Loan * Combination Loan -Low Down or Zero Money Financing Program Available E-mail: peterson.loaninvestment@yahoo.com
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October 24, 2008 at 10:53 am
It's not going to happen the same day that you join. They have to check your references, credit, ect.
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