If your loan is approved, you will need to review and electronically sign the loan contract on Happy Mango. Your bank account will also need to be connected to Happy Mango. Please visit this article if you need help completing loan closing (signing the loan contract and connecting the bank account for payment).
After the closing process is complete, funds are disbursed via electronic deposit ACH and are available within three business days based on your bank transaction time or by one certified check. We do not provide wire transfers or cashier checks. Please understand that funds will not be available immediately after loan closing. Most bank transactions update within three business days, but the exact time depends on your bank.
For auto loans, we will send funds directly to the dealer, and you can contact the dealer to pick up your new car. As with all other loans, funds disbursed via ACH are usually available within three business days after the loan closing step. If your dealer is asking for a certified check, the check delivery time (usually five business days) should also be considered. 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, a reminder of our lending process. In most cases, it may take up to three business weeks before the CEO can make a loan decision. Please reach out to your financial coach and look for alternative financing sources if you need financial assistance immediately.