BHF will follow its normal credit procedure which can take up to 2 weeks to process. If your application is approved, they will mail you a cheque in your name. This option is the cheapest option for you because the lender charges only 5% of the loan amount under its loan agreement with you. While cheaper, this process does take longer. The lender will likely require you to send or fax information to enable them to assess your application. If approved you will have to wait for a cheque to be mailed. Once deposited you will then also have to wait until the cheque clears.
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