At Tala, we understand that speed is key. That's why we've designed an agile process so you receive a response in a matter of minutes.
If this is your first application:
- Immediate decision: Most loan decisions are made within minutes of completing your profile.
- Customization: You choose the amount (which can be equal to or less than the maximum approved) and the payment period that works best for you.
- Identity verification: Follow the instructions to submit your identification (ID) requirements.
- Receive your funds: Once your identity is verified, choose where to receive the money. You will usually receive the funds within one business day or even instantly , depending on your preferred deposit method.
If you are already a customer:
How long will it take to get a new loan?
As soon as you pay off your current loan, you can get another one! By maintaining a consistent payment history, you'll not only receive instant approval, but you'll also have the opportunity to access a new, higher loan limit .
Tips for a faster process:
- Make sure your ID photos are clear and legible.
- Keep app notifications turned on to confirm your deposit.