Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Michigan policies for time someone with disabilities has to wait to apply for loan after filing bankruptcy? - There is no restriction on the timeframe to apply for a loan. The problem is that you may not be approved. You don't have to wait 7 years as the other response said, but depending on the type of loan, you may have to wait 2 years. You also need open, active lines of credit to improve your credit history so that you will qualify for a loan. -