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You can often receive an approval decision within a few minutes of submitting your application, and the loans funds can be deposited into your account within a few hours or days, depending on the lender. While the va process of obtaining a loan from a bank may require the submission of a significant amount of documentation and potentially have more stringent eligibility requirements, the personalized customer service and support that banks offer can make the process worth it.
This can make cash advances on credit cards a very expensive way to borrow money. Some traditional loans have strict rules about credit scores or needing collateral (like a car or house).