Loans from Banks?

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I'm interested in applying for a loan at my bank, Bank of America or maybe Citibank. My question is.. ( assuming my credit is awesome and I am approved) If I am approved for let's say a $7,000 loan. How long will it take to know if I am approved and how long after I am approved will I get the money? I really can't afford a month to get the money!

Loans from Banks?

A loan that small can be approved in the banking center with a relatively seamless process, if it is secured by something of course. I assume that you're going to purchase something that the bank can take as collateral. If so, you can be approved in an hour and have your money in under a week. If the loan is unsecured and you just need some money pronto, you probably won't be approved at a bank unless you have some serious deposits with them. You could always go to one of those rip-off payday advance places, but they will kill you with their rate and fees.



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