When can I expect to receive loan funds?

"How long will it take to deposit funds into my account?"

Once the loan closing process is finished on Happy Mango, funds are disbursed through electronic deposit ACH and typically become available within one to three business days, depending on your bank's transaction time. It is essential to understand that funds will not be immediately accessible after the loan closes. While most bank transactions are updated within three business days, the timing may vary depending on your bank.

For Auto and Business Loans with collaterals

Our finance team will initiate the loan funding after the loan contract has been signed and the dealer has provided us with the transfer information for their funds. The funds can be transferred through same-day ACH, wire transfer, or check. Please be aware that the exact timing of the transfer will depend on the chosen method. The seller will receive notifications when the loan funding process is initiated and when it is completed. Most dealers are happy to let customers take possession of the vehicle immediately. However, some may want to wait until the bank fully processes the payment.

Lastly, here is a reminder about our lending process. In most cases, it may take up to 30 days before the CEO can make a loan decision. Please get in touch with your financial coach and look for alternative financing sources if you need financial assistance immediately.