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What is the processing time/TAT/turnaround time for a personal loan?

The processing of a personal loan is between 1 days and 7 days from the time your application is 'logged-in' to when it is disbursed by the lender.


Lender Expected turnaround times(hours)
Bajaj 24
Tata Capital 72
HDFC Bank 48
IDFC Bank 24
ICICI Bank 72
Axis Bank 72
Yes Bank 72
Fullerton 24
Standard Chartered Bank 24
Kotak Mahindra Bank 96
RBL Bank 96
Indusind Bank 96


In reality, however, the processing time, especially from application date to disbursal date is much longer and could be as long as 7-12 days. This is even more so, if there are some credit related approvals to be obtained (deviations from lender's standard policy). In such cases, the procesing time could be much higher. Such deviations are common-place and this is exactly what fintechs such as Saral Credit are trying to challenge.



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