Unfortunately, for the consoles, it takes about 10-15 seconds, so it's pretty annoying, especially when you just exit a shop and then you remember that you forgot something.
Another (minor for some, major for others) reason to get this on PC.
I've played all the TES games on PC. My load screens are a second, if that, missing whatever hints is on them. I do get to see a hint on the initial load up of the game though.