How Long Does Underdog Take To Pay?

Underdog is an online lending platform that provides helpful financial solutions for homeowners and home buyers. If you’ve taken out a loan with Underdog, you’re probably wondering how long it will take to receive your funds once approved.

The quick answer is that Underdog aims to fund loans within 5-7 business days after approval. However, the exact funding time can vary depending on your specific loan and situation.

In this comprehensive guide, we’ll walk through everything you need to know about Underdog’s payment timelines, from the loan application process to receiving your money.

Underdog Loan Application and Approval Process

How to Apply for an Underdog Loan

Applying for an Underdog loan is a simple and straightforward process. The first step is to visit their website or app and create an account. Once you have created an account, you will need to provide some basic personal and financial information, such as your name, address, employment details, and income.

Underdog may also require documentation to verify the information provided, such as bank statements or pay stubs.

After submitting your application, Underdog will review your information and assess your eligibility for a loan. They take into account various factors, including your credit score, income, and employment history.

It’s important to provide accurate and up-to-date information to increase your chances of approval.

Underdog prides itself on making the loan application process quick and hassle-free. They aim to provide a seamless digital experience, allowing borrowers to complete the application from the comfort of their own homes.

This eliminates the need for time-consuming paperwork and traditional in-person visits.

Underdog’s Loan Review and Approval Timeline

Once you have submitted your application, Underdog will typically review and process it within a few business days. They understand the urgency of financial needs and strive to provide timely decisions to their customers.

Underdog’s loan approval timeline may vary depending on various factors, including the complexity of the application and the volume of applications they are currently processing. However, they aim to provide a decision as quickly as possible.

It’s important to note that the approval timeline may also be influenced by external factors, such as the accuracy and completeness of the information provided, or any additional documentation required.

To expedite the approval process, it is recommended to provide all necessary information upfront and respond promptly to any requests for additional documentation.

If you have any questions or concerns about your application or the approval timeline, Underdog’s customer support team is available to assist you. They can provide updates on the status of your application and answer any queries you may have.

For more information, you can visit Underdog’s official website at

Factors That Impact Underdog’s Payout Time

When it comes to getting paid by Underdog, there are several factors that can influence how long it takes for the funds to reach your account. Understanding these factors can help you manage your expectations and plan accordingly.

Your Loan Type and Details

The type of loan you have with Underdog can play a significant role in determining how long it takes for you to receive your payout. Different loan types may have different processing times and requirements.

For example, if you have applied for a personal loan, it may have a shorter processing time compared to a business loan that requires additional documentation and verification.

Additionally, the loan details, such as the loan amount and repayment terms, can also affect the payout time. Larger loan amounts or more complex repayment terms may require additional scrutiny and verification, which can result in longer processing times.

Your Bank and Account Setup

The bank you have chosen to receive the funds from Underdog can also impact the payout time. Some banks may have faster processing times compared to others. It is recommended to choose a bank that has a good track record of processing electronic transfers quickly.

Furthermore, the setup of your bank account can also affect the payout time. Make sure that your account is set up correctly and that you have provided the necessary information, such as your account number and routing number, to avoid any delays in receiving your funds.

Documentation Requirements

Underdog may require certain documentation to verify your identity, income, and other relevant information before approving your loan and initiating the payout. The time it takes for you to gather and submit these documents can impact the overall payout time.

It is important to carefully review the documentation requirements and ensure that you provide all the necessary information in a timely manner.

Macroeconomic Factors

It is worth mentioning that external factors, such as the current economic climate, can also influence the payout time. During times of high demand or economic uncertainty, financial institutions may experience increased processing times.

While this factor is beyond your control, it is important to stay informed about any potential delays and communicate with Underdog if necessary.

Remember, every borrower’s situation is unique, and the payout time can vary based on individual circumstances. It is always a good idea to reach out to Underdog directly for specific information regarding your loan and payout timeline.

How to Get Your Underdog Loan Funds Faster

Ensure You Have a Valid Bank Account

Having a valid bank account is crucial in getting your Underdog loan funds faster. When you apply for a loan with Underdog, they will require you to provide your bank account details for the funds to be deposited.

Make sure that your bank account is active, in good standing, and able to receive electronic transfers. If your bank account is not valid or has any issues, it may cause delays in receiving your loan funds.

Stay Responsive During Underwriting

Underwriting is the process where Underdog evaluates your loan application and determines your eligibility. To expedite this process, it is important to stay responsive and provide any additional information or documentation that may be requested by Underdog.

This can include income verification, employment details, or any other relevant information. By promptly responding to their requests, you can help speed up the underwriting process and get your loan funds faster.

Provide All Required Documents Quickly

Underdog may require certain documents to process your loan application. These documents can include proof of income, identification, and other financial information. To ensure a faster approval and disbursement of funds, make sure to provide all required documents quickly and accurately.

Check the Underdog website or contact their customer support for a complete list of required documents so that you can gather them beforehand.

Contact Underdog Support If Needed

If you have any questions or concerns regarding your loan application or the disbursement process, don’t hesitate to reach out to Underdog’s customer support. They have a dedicated team that can assist you with any inquiries and provide you with updates on the status of your loan.

Contacting their support can help ensure a smoother and faster process, as they can address any issues or concerns that may arise.

What to Do If Your Underdog Payout Is Delayed

It can be frustrating when you’re eagerly waiting for your Underdog payout, only to find that it’s delayed. However, there are steps you can take to resolve the issue and get your funds as soon as possible.

Check Your Email and Account for Updates

The first thing you should do if your Underdog payout is delayed is to check your email and account for any updates. Sometimes, there may be a technical issue or a problem with your payment information that needs to be resolved.

Underdog usually sends out notifications to users in such cases, so make sure to keep an eye on your email inbox and your account dashboard for any messages or alerts regarding your payout.

Contact Underdog Support

If you haven’t received any updates or notifications regarding your delayed payout, it’s a good idea to reach out to Underdog support for assistance. They have a dedicated customer support team that can help you with any issues you may be experiencing.

You can contact them through their website or app, and they will be able to investigate the matter and provide you with an update on the status of your payout.

Consider Alternate Funding Options As a Last Resort

If your payout is significantly delayed and you urgently need the funds, you may want to consider exploring alternate funding options as a last resort. This could include reaching out to friends or family for a temporary loan or considering a short-term loan from a reputable financial institution.

While this may not be an ideal solution, it can help bridge the gap until your Underdog payout is processed.

Remember, delays in payouts can happen for various reasons, such as technical issues or verification processes. It’s important to stay patient and take proactive steps to resolve the issue. By following these suggestions, you can increase your chances of getting your Underdog payout as quickly as possible.


Underdog aims to fund approved loans in 5-7 business days, but the exact timeline depends on your specific loan and circumstances. By staying organized and responsive during the application process, providing all required documents quickly, and following up appropriately, you can help receive your Underdog payout as fast as possible.

Reach out to their helpful support team if your funding is delayed beyond expectations.

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