In the modern financial system, lending institutions usually carry out a series of examination and verification procedures to evaluate the credit risk and repayment ability of borrowers. Including checking the borrower's credit record, income certificate, employment situation, etc. These review procedures usually take some time to complete.
In addition, the policies and processes of lending institutions will also have an impact on the lending time. Some institutions may provide fast approval and loan services, but this is usually accompanied by high interest rates and extra handling fees. Other institutions may have stricter auditing standards and longer approval time, but loan conditions may be more favorable to borrowers.
Generally speaking, if the borrower has a good credit status, stable income and normal credit history, and applies for a small personal loan, it is likely that the approval and loan will be completed within the same day or a few days. However, if the loan amount is large or the borrower's credit situation is complicated, it may take longer.
The most accurate answer should come from the specific lending institution you choose, because different institutions have different processes and standards. For details, please consult the lending institution or its official website.