How long do payments take to clear? If you make a payment by debit card or bank transfer, it will be applied to your account the same day. It can take up to 5 working days for payments by cheque to be cleared on to your account. Related articles What happens if I make additional repayments on my loan? Can I pay my loan off early? What happens if my Direct Debit due date falls on a weekend or a Bank Holiday? When do I get my money? What happens after I’ve submitted my application?