How Long Does It Take to Get a Line of Credit?

There’s no single timeline for getting a line of credit—it depends on who you apply with, the type of line of credit, and how straightforward your application is.

Roughly:

• Digital/fintech lenders & some banks: can give a decision very quickly once you apply and submit info.

• Traditional bank branches: often take a few days to review everything.

• Secured lines of credit (like HELOCs): can take weeks, because they involve more paperwork and sometimes property-related checks.

So you could see anything from near-instant decisions (for simple, unsecured products) to multi-week timelines (for secured products).

KOHO Line of Credit

If you want a flexible line of credit without a ton of back-and-forth, KOHO Line of Credit is designed to be straightforward and handled fully online.

With KOHO’s line of credit, you can:

• Apply to get between $1,000-$15,000

• Get interest rates as low as 19.9%

• Only pay interest on what you actually use, not on your full limit

• Avoid extra charges—no late, annual, or origination fees, just the interest on what you borrow

• Apply without a hard credit hit; checking if you qualify won’t impact your credit score.

What Affects How Long Approval Takes?

A few things determine how fast you’ll hear back:

1. Type of lender

   • Online / app-based lenders often automate most of the checks.

   • Traditional banks may have manual review steps or ask for more documents.

2. Type of line of credit

   • Unsecured personal LOC: typically faster—no collateral to evaluate.

   • Secured LOC (like a HELOC): slower—may involve property valuation and more documentation.

3. How complete your application is

   • If your ID, income info, and banking details are clear and up to date, things move faster.

   • Missing or unclear info can slow things down while the lender asks for more.

4. Your credit profile

   • Straightforward, stable profiles are usually faster to assess.

   • More complex histories (many accounts, recent issues) can require more review.

General Timeline Ranges

While every lender is different, here’s a ballpark view:

• Quickest: Some app based or online unsecured lines of credit can give a decision very fast once your info is submitted.

• Moderate: Unsecured personal lines from traditional banks often land in the “a few days” range.

• Slowest: Secured lines of credit, like those tied to a home, can stretch to several weeks because of all the extra checks.

Whatever route you choose, the fastest experiences usually come from online first applications with clear, complete information from the start.