How fast can I get a bank loan in South Africa?
There is no standard time for bank loan approval in South Africa, and the processing time on loan applications can differ vastly from bank to bank. A large deal of the time spent on the loan processing depends on the efficiency of the bank and each department that has to handle your application. Again, this may differ between banks, with some banks being highly proficient in this area, and others lacking the manpower, staff training, or technology to produce an effective turnaround time. The fastest way to get a loan approved is to apply online, with just one application the waiting time is greatly reduced.