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Collateral for Cash: A Guide to Secured Loan Timelines

Secured loans are a popular type of borrowing for those looking to get a large sum of money. Unlike unsecured loans, secured loans require collateral, such as a car or property, to be put up as security for the loan. This reduces the risk for the lender, making it easier for borrowers with less-than-perfect credit to get approved.

However, one of the most common questions asked by borrowers is, “How long does it take to get a secured loan?” In this article, we’ll explore the answer to this question and provide some tips to speed up the process.

The Application Process

The first step in getting a secured loan is to fill out an application. This can usually be done online or in person, depending on the lender. The application will typically require information on your personal and financial details, as well as details on the collateral you plan to use to secure the loan.

Completing the Application

The speed at which you complete the application can have a big impact on how long it takes to get a secured loan. If you have all the necessary information and documentation ready when you apply, the process can be completed quickly. However, if you need to gather information or documents, it can significantly slow down the process.

Lender Review

After you submit your application, the lender will review it to determine whether you meet their lending criteria. This can take anywhere from a few hours to a few days, depending on the lender and the complexity of your application.

Property Valuation

If you’re using a property as collateral, the lender will want to have it valued to determine its worth. This can take several days, depending on the availability of a valuer and the complexity of the property.

Legal Documentation

Once the lender has approved your application, they will provide you with legal documentation to sign. This will include the loan agreement and any other documents required by the lender. The time it takes to prepare and review these documents can vary depending on the lender and the complexity of the loan.


Once you’ve signed the legal documentation, the lender will transfer the funds to your nominated account. The time it takes for the funds to be transferred will depend on the lender and your bank.

Tips for Speeding Up the Process

There are several things you can do to speed up the process of getting a secured loan. First, make sure you have all the necessary information and documentation ready when you apply. This will help you complete the application quickly and accurately. Second, choose a lender that has a quick approval process and turnaround time. Third, be responsive to any requests from the lender for additional information or documentation. The faster you provide the lender with what they need, the faster the process will be.


The time it takes to get a secured loan can vary depending on several factors, including the lender, the complexity of the loan, and the collateral being used. However, by being prepared, choosing the right lender, and being responsive to requests from the lender, you can speed up the process and get the funds you need in a timely manner. If you’re considering a secured loan, it’s important to do your research and choose a reputable lender that offers competitive rates and terms.

If you’re looking for expert guidance on mortgages, loans, or life insurance, look no further than Everest Mortgage Services. Our experienced advisors will work with you to find the best solution for your needs and budget. Contact us today to schedule a consultation with a trusted mortgage advisor in Brighton and take the first step towards financial security.