QCan I Have More Than One Loan At A Time?
ANo. You're only allowed one loan per bank account at a time. After your loan is paid off and the total loan amount is transferred from your account to lender's account, the lender will wait up to 3 to 4 days to clear the transfer. If the money transfer was cleared ok then you can apply for your next loan. If you paid your cash loan off by a personal check than the lender will wait 3 business days until the check is cleared.