The entire application and approval process typically takes 2-3 business days.
Here is a summary of the tasks you must complete before picking up your car:
Once your loan is approved, you need to sign a purchase agreement with the dealer and upload it through your Boro account.
Once Boro receives your purchase agreement, we will draft a loan agreement for you to sign.
Once you e-sign your loan agreement, you will need to upload (or email) a copy of your Insurance Binder as well as set up your loan repayment method on your Boro account.
Once completed, Boro will wire transfer your loan proceeds to your designated dealer as soon as the next business day.