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How it works

How our SME loan process works, from application to final answer

Business is hard, and opportunities don't wait. So we built our business loan process around a quick, clear answer, yes or no: apply online in about 10 minutes, then we aim to give you a pre-approval within about 1 hour and aim to give you a final answer within 12 hours.

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  • Pre-approval usually within about 1 hour
  • Business visit usually within about 2 hours of pre-approval
  • Final answer usually within 12 hours
  • No account, nothing to print

Times are during business hours. Applications that come in at night start at 8 AM. Our aim, not a guarantee.

How fast we decide

We don't promise the highest approval rate. We aim to be the fastest to decide.

Business is hard, and opportunities don't wait. So we built everything around a quick, clear answer, yes or no.

What we aim for

about1 hr
to pre-approval
about2 hrs
from pre-approval to your business visit
usually12 hrs
to your final answer

Our aim, not a guarantee. Times are during business hours. Applications that come in at night start at 8 AM.

  1. Step 1: You apply

    About 10 minutes

    Type in the form online. No account or password. We email you a secure link to upload your ID and bank statements.

  2. Step 2: We review and pre-approve

    Usually within about 1 hour

    A credit officer reviews your application. We aim to give you a pre-approval within about 1 hour.

  3. Step 3: We visit your business

    Within about 2 hours of pre-approval

    A credit officer comes to see your business for themselves. We'd rather see it than judge it from paper.

  4. Step 4: Your final answer

    Usually within 12 hours

    We aim to give you a final answer within 12 hours. If it's a yes, you sign your loan documents and receive your funds.

If it's a no, we tell you right away.

No weeks of waiting for a maybe. You hear from us quickly, so you can look at other options while the opportunity is still there.

Start my application

About 10 minutes, with 1 valid ID and your last 3 months of bank statements.

Step by step

What happens at each step of your business loan application

Here is exactly what to expect, from getting your documents ready to receiving your funds.

  1. 1. Before you apply

    Have 1 valid government ID and your latest 3 months of bank statements ready. The PDF e-statement from your bank is best. A business permit, proof of billing, financial statements or an ITR help but are optional. See the full business loan requirements.

  2. About 10 minutes

    2. Apply online

    Type in the form on your phone or laptop. There is no account or password to create and nothing to print: we turn your answers into the Loan Application Form for you. Pick the closest kind of financing and tell us what the money is for.

  3. 3. Confirm by email and upload your documents

    We email you a secure link. Open it to confirm your application and upload your ID and bank statements. Lost the email? Go to Check my application for a new link.

  4. Usually within about 1 hour

    4. Review and pre-approval

    A credit officer reviews your application and documents. We aim to give you a pre-approval within about 1 hour.

  5. Within about 2 hours of pre-approval

    5. Business visit

    A credit officer comes to see your business for themselves, usually within about 2 hours of pre-approval. We'd rather see your business than judge it from paper alone.

  6. Usually within 12 hours

    6. Your final answer

    We aim to give you a final answer within 12 hours. If it's a yes, the interest rate and all charges are disclosed in full before you sign; then you sign your loan documents and receive your funds. If it's a no, we tell you right away, so you can look at other options while the opportunity is still there.

Times are during business hours. Applications that come in at night start at 8 AM. These are our aims, not guarantees.

Start your application now.

It takes about 10 minutes, with 1 valid ID and your last 3 months of bank statements.

Apply now

Stay safe

What Datung will never ask you to do

Scammers sometimes pretend to be real lenders. At every step of the process, remember:

  • Datung never asks for any fee or payment before your loan is released.
  • Datung never asks for your password or one-time code (OTP), or for the sign-in link we email you.
  • Community Heroes, our referral partners, never collect money or documents, and can't approve a loan.
Learn how to verify us and avoid loan scams

FAQ

Questions about the process

Timing, the business visit and the email link.

How do I apply for a business loan online?

Fill in the online form in about 10 minutes, on your phone or laptop. There is no account or password to create and nothing to print. After you submit, we email you a secure link to confirm your application and upload your ID and bank statements. You can start your application now.

How fast will I get an answer?

After you confirm through the email link and upload your documents, a credit officer reviews your application. We aim to give you a pre-approval within about 1 hour, then a credit officer visits your business, usually within about 2 hours of pre-approval. We aim to give you a final answer within 12 hours. Times are during business hours. Applications that come in at night start at 8 AM. These are our aims, not guarantees. If it's a no, we tell you right away so you can look at other options. If it's a yes, you sign your loan documents and receive your funds. See how our loan process works.

Why do you visit my business?

After pre-approval, a credit officer comes to see your business for themselves, usually within about 2 hours of pre-approval. We'd rather see your business than judge it from paper alone. It helps us understand businesses that a checklist would miss.

What if I apply at night?

You can apply online any time, day or night. Times are during business hours. Applications that come in at night start at 8 AM.

Will I be approved?

We can't promise that, and we don't promise the highest approval rate. What we aim for is a fast, clear decision, because business is hard and opportunities don't wait. Every application is reviewed by a credit officer, and if it's a no, we tell you right away.

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