, but it will usually take about a week from application to get approved.
Here’s what to expect from different types of lenders:
Online lenders: will usually take one business day to one week to approve a loan.
Dealerships: will generally approve loans the same day, although it could take a few business days.
Banks and credit unions: can take anywhere from one business day to a few weeks to approve a loan depending on whether you’re a new customer and their loan backlogs.
For a more exact estimate on approval time, talk to your lender of choice to learn more about how long you can expect to wait.
While you’re waiting for a car loan approval, why not take a minute to learn more about your
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.