When the loan officer has spoken with the borrower and has determined that the borrower
will be able to handle the money lent with an intelligent and mature disposition then the loan officer is able to make a difficult decision. As long as the person requesting the money is able to satisfactorily convince the loan agent, as well as the financial institution, that the money can be paid back then the money will be available for deposit into the bank. Personal loans often deposited directly into the bank account of the borrower. The money is then available for use by the borrower until the date that the money needs to be paid back.