How long does it take to get approved for a car loan from a credit union?

I want to get pre-approval on a car loan before I start shopping. How long does it take to get approval?

Answer
“Pre-approval can vary depending on the credit union, as well as whether you’re a strong loan candidate or a borderline one.
If you have great credit and a solid income, you shouldn’t have to wait more than a few days. If you have bad credit or low income, the process may take a bit longer.”
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Eric Schad
Answered on Apr 27, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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