The answer to this question may vary depending on the type of loan you are applying for and your credit history. However, in general, Navy Federal Credit Union loans take about a week to be approved.
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How Long Does Navy Federal Take to Approve a Loan?
Navy Federal Credit Union offers a wide variety of loan products, including mortgages, auto loans, personal loans and more. loan approval times vary depending on the type of loan you’re applying for and your individual circumstances, but Navy Federal Credit Union provides some of the fastest turnarounds in the industry.
For example, pre-approval for a mortgage can be obtained in as little as 24 hours, and actual loan approval may take only a few days. By contrast, other lenders can take up to several weeks to provide loan approval. If you’re in a hurry to get your loan funded, Navy Federal Credit Union should be at the top of your list.