|APR||7.9% - 19.9%|
Where does Tally do business?
Tally is a lending platform based in San Francisco, CA. that was founded in 2015. Tally is offered in 19 states (and Washington, DC).
What are the APRs offered via Tally?
Tally offers business loans with variable APRs starting from 7.9% to 19.9%.
Does Tally charge an origination fee?
No, Tally does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Tally charge a cash advance fee?
Yes, Tally charges a fee
Does Tally charge a late fee?
No, Tally will not charge you a late fee. of up to , which is triggered if you're 0 days late.
Does Tally charge prepayment fees?
No, Tally does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.
How much can you borrow via Tally?
Upon approval and based on your credit worthiness, your Tally personal line of credit will be assigned a credit line of at least and as much as .
What do you need to qualify for a line of credit with Tally?
Applicants with a credit score of at least 660 can apply for a line of credit via Tally. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.
Tally only considers borrowers who are employed, or have a regular source of income or benefits.
Active duty servicemembers and their covered dependents are not considered covered borrowers. In other words, they are eligible to apply for a line of credit via Tally. Their rates fall within the limits of The Military Lending Act.
Only U.S. citizens and permanent residents can apply for a line of credit.
To qualify, applicants may need to provide the following documentation:
Does Tally report loan payments to credit bureaus?
Tally may report credit data to the following credit reporting agencies:
- Washington, DC
- New Jersey
- New York
|No Origination Fee|
|No Prepayment Fee|
|Late Fee After (number of days)||0|
|Late Fee Amount||$0|
|Origination Fee ($)||$0|
|No Late Fees|
|Credit Score Range||
660 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Verification Documents Required||
|APR (Variable APR)||7.9% - 19.9%|