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!
2007-07-18 14:17:56 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
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.
2007-07-18 14:36:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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 :D
2007-07-18 14:26:18 · answer #2 · answered by CampyGoddess 2 · 0⤊ 0⤋
Any credit unions that I know of will let you apply for a loan as soon as you join.
2016-05-17 05:22:42 · answer #3 · answered by ? 3 · 0⤊ 0⤋
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.
2007-07-18 14:25:38 · answer #4 · answered by Brian G 6 · 0⤊ 0⤋
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
2007-07-18 14:38:53 · answer #5 · answered by Anonymous · 0⤊ 2⤋
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.
2007-07-18 14:23:44 · answer #6 · answered by njyogibear 7 · 0⤊ 0⤋
It's not going to happen the same day that you join. They have to check your references, credit, ect.
2007-07-18 16:02:33 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It depends on how good your credit is.
2007-07-18 14:20:15 · answer #8 · answered by Expert8675309 7 · 0⤊ 0⤋
If you qualify,yes.
2007-07-18 14:37:59 · answer #9 · answered by david m 3 · 0⤊ 0⤋