TRENDING QUESTIONS

Why should I invest in Tarya?

Tarya is reshaping banking, giving everyone access to a fair and transparent investment platform which offers the same conditions to all, no matter the investment amount.

There are many reasons why our investors decide to put their trust in Tarya as their investment platform. Here are just a few of them:

  • High returns: annual net returns are typically between 4.0 and 6.1% (yes this is after Tarya’s fees.)
  • Stability and security: our platform is the sweet spot between banks offering very low returns and the stock market which is unstable
  • More than 80% of our loans are secured by assets
  • You only pay 15% tax
  • We are regulated by the Capital Markets Authority
  • Liquidity: our incredible proprietary algorithms enable our investors to have liquidity on all the available money within the portfolio which has not been invested. You can withdraw your available money anytime you need it, without paying any fee – it’s your money after all!
    Money invested in loans: It is hereby clarified that Tarya has no obligation to liquify the investors, money which is tied up in loans. It depends on the amount of investors asking for their money back simultaneously on average the liquidation process takes 10 business days. Furthermore, loans in areas cannot be liquified.

Is there a minimum sum for investment?

There is no minimum sum for investment. We advise all new investors to start slow, investing an amount which you feel comfortable with. As your trust and confidence in the platform grow, you can increase your investment. What is important to note is that you can invest as much as you want and as often as you want – it’s your money after all!

What is Rapid Investment Distribution, Continuous Spreading and Flattening?

Time is money, the team at Tarya understands this and has gone the extra mile to develop the most sophisticated algorithms to get your money to work as fast as possible, with as little risk as possible. Here are a few ways in which we do this:

  • Rapid Investment Distribution – In order for your money to start working, we immediately invest in loans based on the investment profile you have selected.
  • Continuous Spreading – As more loans meeting your investment criteria enter the system, we reduce your risk by spreading your investment across as many loans as possible.

Good to know:
We take the job of spreading your investment so seriously that we have created a one-of-a-kind protection fund. SAFE 200 is a free service available to all our investors, covering any exposure you might have on a defaulted loan should the exposure exceed 0.5% of your portfolio. (Where one borrower has multiple loans, the calculation will be per borrower) Read more about our protection funds here.

Why does no link appear for an additional loan request in my personal zone?

An additional loan request can only be submitted following a period where at least six consecutive payments have been made on the existing loan without any arrears. On meeting this condition, the relevant button will automatically appear on your dashboard.

I entered my ID number during the loan application process – why did I receive an error message?

Registration in the system is only possible if you are over the age of 18 and Israeli ID number. If an error message is received, please recheck the number you have entered to make sure that there are no superfluous spaces and ensure that you have not been registered in the system in the past. Correct and accurate details must be entered in order for the investment to proceed.

Good to know: It could be that you are already registered and just forgot your password. Reset your password from the login page.

What interest and fees are payable on a Tarya loan?

Transparency is one of our key promises to our customers. At Tarya, there are no hidden costs and no surprises – each borrower knows the exact cost associated with their loan.  Interest and fees are calculated individually, depending on the borrower’s credit score – you will receive this information before the loan is finalized, enabling you to make an informed decision as to whether or not you want to take the loan.

Repayment of the loan consists of the following elements:

  • Repayment of the principle sum – the actual amount you borrowed
  • Interest on the loan – cost to you of borrowing of the money
  • A one-time origination fee – deducted from the approved loan sum before we transfer the loan to your bank account.

Repayment of the loan will be defined according to a loan schedule, which can be found in the loan contract which needs to be approved and signed by you, the borrower.

Will I get the loan amount I apply for?

The final loan amount extended to you will be based on a number of different criteria, depending on the type of loan you apply for and subject to the underwriter.

Is it possible to get a loan exceeding 50,000 NIS?

In some cases, yes. Loans exceeding 50,000 NIS may be made against collateral, subject to full underwriting of the customer and an independent assessment of the value of the proposed collateral.

How do I make payments on my loan?

You can make payments on your loan in the following two ways:

  • Set up a standing order with the bank account associated with your loan

or

  • Via a credit card issued in your own name.

Good to know:
Paying via credit card constitutes a renewable monthly debit and does not block your credit card limit.

Can I change my payment method?

You can change your payment method anytime you wish – just send an email with all the new information to: support@tarya.co.il

What is the maximum amount of credit that I can apply for?

Tarya provides a variety of financial products. For all purpose loans, borrowers can apply for a loan of up to 50,000 NIS for a period not exceeding five years, subject to a full underwriting process. Please keep in mind that Tarya offers numerous types of credit, the conditions of which depends on the type, length and amount of credit.

Can I take a second loan from Tarya?

An additional loan can only be submitted once you have made at least six consecutive payments on your initial loan, and only if payment has been made on time and without any arrears in payments. Following the six-month period, a new button will appear on your personal dashboard allowing you to submit a new loan application.

Keep in mind that each new loan application will be subject to a new underwriting assessment.

Good to know:
Each loan is debited separately from your payment account – Tarya does not combine different loans into a single debit amount. If you have several loans being paid on the same day, you will only see one charge on your bank account – the total of the payment. We group same day payments into one to save you higher  commissions and bank fees.

What is P2P (peer to peer)?

The peer-to-peer revolution is facilitating and enabling people to connect on a whole new level. Introduced in several market segments, P2P architecture directly connects the service provider to the customer in an environment which is accessible to all, and where all peers are equally privileged. Think of Gett Taxi, Airbnb, Fivver or, in the case of lending, Tarya.

In the world of finance, the P2P model enables social loans, connecting people who wish to invest their money in a stable and safe platform on the one hand, with people who need personalized financial solutions on the other.  Platforms facilitate the transaction, and the innovative technology ensures that transactions take place quickly, securely and with very low cost to the users.

What are the Conditions of Use of the Tarya website?

Click here to review our conditions of use and privacy policy.

What is a trust account and why should I care?

A dedicated trust account is an additional layer of safety that we provide our investors.  All money coming in and going out of the platform goes via a dedicated trust account.  This account is kept separate from Tarya’s operational account and is held for the sole purpose of operating the loan process.

The trust account details are:
Account Name: Altshuler Shaham Trusts Ltd.
Bank: Leumi
Account No: 15643/31
Branch: 783

Don’t forget to include your ID number in the transfer reference – this will enable us to connect the deposited amount to your personal Tarya account.

Who is Tarya?

Tarya is part of the Tarya Holding Group which operates the largest alternative investment (P2P) platform in Israel, with additional platforms opening in France and West Africa, and development centers in Israel, Canada, Bulgaria and Ukraine.

Tarya was established by a formidable team consisting of big data experts, intelligence tech specialists and regulation professionals. Empowering growth, retention and relevance for the benefit of the public, Tarya’s Financial Platform as a Service (F-PaaS®) offers businesses a full-suite solution, resolving and correcting financial barriers that have been left unresolved in the traditional banking world.

By providing users with personalized financial solutions at the click of a button, Tarya is reshaping banking. With our unique technology, earnings on loans are returned to the investors (and not to financial institutions) and financing solutions are extended to borrowers in real time, according to their needs and based on their ability to repay. The entire process is executed fairly, integrating advanced technological capability with the human factor, for low-risk, equitable, bias-free transactions.

How is my private data stored?

At Tarya we place significant importance on keeping our user’s information private and secure. Our primary mission is to create a platform founded on trust, fairness and transparency.

We know to foster your trust; we need to be able to secure your most valuable assets – your money and personal information. We do this by going above and beyond any local requirements.  At Tarya we implement our very own Golden Standard, implementing electronic and physical security methods to keep personal information safe.

  • The strictest compliance with numerous local and international standards:
    • ISO 27001 information security compliance and certification
    • Israeli Privacy Act Compliant
    • Supervised by the Capital Market and Insurance Authority
  • All data is stored on Tarya’s dedicated servers which are
    • Shielded by state-of-the-art Cyber Defense Systems – developed and enforced by a team of ex-8200 cyber experts.
    • Constantly updated and improved through Attack Surface Analysis
    • No personal data is shared or transferred to any third parties nor do we use it to push any loans to users.

I have submitted a loan application and I wish to cancel it – how do I do this?

Submitting a loan application does not form a legally binding agreement and therefore you can cancel the application anytime. The loan only becomes legally binding and active once you have accepted the loan agreement.

Once the money has been transferred to your bank account, you can cancel the transaction without any cancellation fee, but keep in mind that the origination fee will not be reimbursed.

Good to know:
You can repay your loan anytime, without cancellation fees or penalties.

How do I apply for a loan?

At Tarya we have a serval types of loans, click here to see all available financial solutions.

For individuals wanting to apply for all purpose loan, you must provide the following documentation with your application:

  • A photocopy of your identity document + its attachment
  • Bank statements for the last three months (for all your bank accounts)
  • Your last three pay slips
  • Any type of banking document for example a cancelled blank cheque, showing your personal details

Please note: The loan application will not proceed to underwriting until all documents have been received.

How do I submit a loan application?

You can submit a loan application via our dedicated website, tarya.co.il.

  1. Select the loan type you wish to apply for – be aware that we offer several financial solutions, so please make sure you apply for a loan via the correct web page.
  2. Select the loan amount and your preferred payment duration.
  3. Complete the loan application form by entering the relevant personal information – this will enable us to adapt the loan conditions based on your credit score.

For individuals wanting to apply for any purpose loans, please note that you must provide the following documentation with your application:

  • A photocopy of your identity document + its attachment
  • Bank statements for the last three months (for all your bank accounts)
  • Your last three pay slips
  • A banking document showing your personal details, for example a blank cheque

If the loan applicant is an independent business, the following documents must be added to the application form:

  • An exempt/authorized dealer certificate
  • The six last VAT reports
  • Revenue and expenses statements for the past two years

Please note: The loan application will not be processed until all documents have been received.

What is the process from the moment I apply for a loan to the moment I receive the money into my bank account?

Each type of loan, whether it’s a consumer loan, business loan or a mortgage, has its own process. The following description explains the process for a consumer loan:

 

  1. Once your loan application has been received, you will then receive a loan proposal via email, setting out all the conditions of the loan.
  2. On acceptance of the loan, select the method of payment. In some loan types you will be requested to sign the loan agreement and send the original copy to Tarya.
  3. The money will be transferred to the bank account.

If the application is done correctly the whole process should not exceed two working days.

Good to know
In the course of making a loan application, borrowers can improve their credit score by providing additional personal details. The more we know about you, the better.

Visit our website to find out more about the different types of loans available at Tarya.

Who can become an investor?

Any person over the age of 21 with an Israeli bank account may become a Tarya investor.

But that’s not to say we don’t have a solution for youngsters too!

Parents can open a ‘zone’ sub-account under their own account, for their underaged loved ones. The dedicated zone will be owned and managed by the primary investor account – which means you’re always in control. While your kids learn about finance, and watch their savings grow. To read more about this product, please visit our zones page by clicking <here>.

How does my money get into Tarya’s platform?

It’s important to note that, in order to become an active investor, you must make a financial transfer from your bank account to the Tarya trust account.

The trust account details are:
Account Name: Altshuler Shaham Trusts Ltd.
Bank: Leumi
Account No: 15643/31
Branch: 783

Don’t forget to include your ID number in the transfer reference – this will enable us to connect the deposited amount to your personal Tarya account.

Good to know:
You can make an investment in several ways:
via ad hoc bank transfers, investing money whenever you can
or
by setting up a monthly standing order, investing a predefined amount each month. To make a standing order, please contact your bank’s branch manager to complete a standing order form.
Once you have executed the transfer, as soon as the sum is received in the trust account an email confirmation of the deposit will be sent to you (this procedure takes about three business days). The money will then be reflected on your Tarya dashboard.

Important notice prior to making the transfer:
In order to comply with Anti-Money Laundry (AML) regulations, the transfer must be made from the bank account associated with your Tarya account. A transfer from a third-party account will not be accepted, and the money will be returned. The same goes for your zone sub-accounts – we can only accept transfers to a sub-account from the bank account associated with the relevant sub account. When making a withdrawal, the money will always be returned to the account from which it was transferred.

Can I transfer money from one of my overseas bank accounts?

We currently do not accept any investment which comes from a bank account located outside of Israel. Tarya investors must have a local bank account from which transfers are made. We will inform you in writing should this requirement change in the future.

Can I deposit money, using cash, credit card or check?

Currently no, in compliance with Anti-Money Laundry (AML) regulations, you can only deposit money into the Tarya trust account via a bank transfer from the bank account associated with your Tarya account.

Sending money to a company I barely know is super scary! How do I know Tarya received my money?

Once you transfer the money to the Tarya trust account, we need to allocate the exact amount to your Tarya account. This process may take up to three business days, after which the amount will be reflected in your Tarya dashboard. (This is one of the reasons we ask you to use your ID number as a reference – it makes the allocation process much faster).

As soon as the sum is received into the trust account and the money has been allocated, you, the investor, will receive a confirmation via SMS and email confirming the amount deposited on receipt to our bank account.

How long does it take to become a Tarya investor

Registering as an investor takes approximately three minutes. After that, all that’s left is the last and most important step – transferring an investment amount to Tarya’s trust account.

It takes about three business days from the moment you have executed the bank transfer for your investor account to be activated. On receiving your investment amount into Tarya’s trust account, our smart technology takes over as dedicated algorithms distribute your investment between hundreds of different loans, based on the investment profile you have selected. Keep in mind that although the distribution process starts immediately, it may take some time for all your money to be invested – you can follow the progress from within your dashboard.

Good to know:
You can track the performance of your portfolios from within your dashboard, anytime from any place. In addition to your real-time dashboard, a detailed monthly report will be sent to the email assigned to your Tarya account or will be made available in your dashboard.

What are investment profiles?

The term ‘investment profiles’ refers to the parameters by which you have set up your investment account. It gives our system the rules for how to invest your money and how to match your investment with future loans entering the system. With Tarya, you have the flexibility to build a personalized investment profile, based on your sensitivity to risk and interest.

Alternatively, you can select one of our predefined investment profiles. Not only does this make investment easier and faster, it also allows you to easily change your investment profile, any time you want.

We have four predefined investment portfolios for you to choose from:

  • Conservative
  • Balanced
  • Automated
  • Aggressive

For more information about the respective investment profiles, click here.

Automatic Reinvestment Agent – what is it and how does this work?

Our Automatic Reinvestment Agent is a very cool feature which enables you to make money on your money.

How does it work? As the borrower pays off the loan, the payment is transferred to your Tarya account. If you have activated this feature, our Automatic Reinvestment Agent will automatically reinvest the repayments into new loans entering the system. This mechanism allows for all your money to work – making a profit on your profit – similar to compound interest.

If, on the other hand, this feature remains deactivated, the repayments will stay idle in your Tarya account. In short, your money is not making money – now who wants that?

 Please note: For the Automatic Reinvestment Agent to work, it needs to be on. To activate it, simply jump on over to your account settings and make sure this feature is on.

 Good to know:
You don’t need to stop your automatic investment agent in order to liquify your money, you can just send us a withdrawal request while keeping the feature on.

Is there a lock-up period for my money?

Let’s start with the most important fact – in Tarya there is no lock-up period for your money. We believe that the money you invest is YOUR money and you should have access to it whenever you want. Therefore, you can request a withdrawl on your available money from within your personal dashboard.

Click here for more information about how to withdraw money from your Tarya account.

What is the term of the loans I am invested in?

We have a diverse range of loan types in the platform, extended for various periods, from six months to 30 years.

Does Tarya provide investor reports?

Most certainly, yes. In addition to being able to track your portfolio performance in real time from within your dashboard, you will receive both periodic and personal reports via email or viewing the report through the dashboard.

Periodic Reports consist of the following

  • A monthly investor reports.
  • Annual report sent at the end of each calendar year.
  • Annual tax withholding report sent pursuant to the law.

Notices

  • Deposit confirmation for each deposit transaction, sent via email and SMS.
  • Withdrawal confirmation for each withdrawal, whether full or partial, sent via email and SMS.

What are the costs associated with using the platform?

Investors only pay Tarya one fee, which we call a “success fee”. The success fee is collected in the following way:

  • fee is charged on earned interest and not from the principal amount – in other words, we only get our fee if you get your interest repayments (profit).
  • Fees are automatically deducted on a monthly basis.
  • The fee is calculated as 10% of the monthly net interest received before deducting 15% tax but will never exceed 0.5% of your total portfolio value based on an annual calculation – we will take the lower of the two amounts.

Fees are automatically deducted on a monthly basis.

Example 1
100000 portfolio
400.00 0.40% monthly interest
= (400-40) *X15%=54 54.00 15% tax
=400 X 10% = 40 NIS 40.00 10% Success fee 10%
OR
=100,000X0.5%/12 = 41.66 NIS 41.67 0.50% Commission of portfolio
In this example you will pay 40 NIS
Example 2
100000 portfolio
500.00 0.50% monthly interest
=(500 – 41.67) X 10% = 68.75 NIS 68.75 15% tax
=500 X 10% = 50 NIS 50.00 10% Success fee 10%
OR
=100,000X0.5%/12 = 41.67 NIS 41.67 0.50% Commission of portfolio
In this example you will pay 41.67 NIS

How do I change a withdrawal request once it’s been submitted?

If you have submitted a withdrawal request and you wish to change the withdrawal sum, or cancel the request, please immediately contact our Customer Service team by emailing support@tarya.co.il.

What is the anticipated return on investment?

Tarya’s portfolio has yielded an average annual interest rate of approximately 5.5%, varying between 3.5% and 8.0%. It’s important to note that your return depends on several factors, such as which investor portfolio you selected. Our conservative investment portfolio, for example, has a lower return than the aggressive portfolio. The protection fund you select may also affect your return; our SAFE 200 protection fund is free to all users, whereas our SAFE 500 is a paid service, the fee for which is taken from your earnings, slightly reducing your return.

IDEA:

Want to have multiple investment portfolios working for you at the same time to see which one gives you the best return? No problem – just open a new zone. A zone acts like a completely new account, enabling you to:

  • Defined a completely new investors profile
  • Select a different protection fund
  • Enable or disable the Automatic Investment Agent
  • Enables you to activate the monthly returns feature. You can read more about monthly returns <here>.

With zones you can diversify your Tarya portfolio and earn different interest rates.

What’s the difference between the investment profiles available in Tarya?

During the registration process, you will be asked which investment portfolio you want to assign to your account. There are four predefined portfolios you can select from: Conservative, Balanced, Automated and Aggressive. The portfolios range from lower risk with lower returns to higher risk with higher returns.

Conservative – Investing only in loans which are secured by collateral. Anticipated annual return rate

Balanced – Dispersing your investment amongst various credit ratings to limit your exposure to risk. Anticipated annual return rate

Automated – Dispersing your investment amongst all the loans on Tarya’s platform. Anticipated annual return rate

Aggressive – Dispersing your investment amongst all the loans in Tarya, including lower credit ratings, which constitute a higher exposure to risk. Anticipated annual return rate

If none of the predefined investment portfolios meets your needs, you can build your own investment portfolio from within your dashboard.

Is it possible to change my investment portfolio once selected?

Definitely! You can change your investment portfolio anytime you want. Just log in to your Tarya dashboard. Alternatively, you can try more than one investment portfolio at the same time – head on over to the zone section to find out more.

Good to know:

  • A newly selected investment portfolio will only be activated on new investments deposited into your Tarya account – it does not retroactively change your existing investment portfolio.
  • Returns from the old loans will be deposited into loans which fit your new investment profile
  • Any change in investment preference cancels the selected default portfolio.
  • It is likely that investment portfolios built manually will influence the dispersal rate of your money – in other words it might take us more time to get all your money invested into loans.

What is SAFE 200/ SAFE 500 (A)

One of the efficient ways to limit an investor’s exposure to loss is to spread his investment into as many loans as possible. However, there might be cases where the spreading of the investment at a certain time is not possible. For those cases, where the exposure to a certain loan is high, Tarya took it upon itself to reimburse the investor for a part of the loss.

Therefore, the SAFE 200 protection fund is a mechanism whereby the investor will be compensated by Tarya for loss exceeding 0.5% in a specific loan in arrears over 60 days. Note: Compensation will only apply on loans exceeding 50 shekels per loan.

For example, if a specific loan is in arrears and the investor’s exposure is 0.7% of his portfolio, Tarya will compensate him for the exposure above 0.5% so in this case 0.7-0.5 = 0.2%.

SAFE 200 is free for all investors and compensation is done automatically.

SAFE 500 works on the same principles but the threshold is 0.2% instead of 0.5%, adding an additional layer of protection to investors who are more averse to risk. The SAFE 500 protection fund is not a free service and investors has to pay a fee as shown in the table below.

The fee will be charged only for loans where the exposure exceeds 0.2%, and the fee is automatically deducted from the monthly repayment made to the investor – see table below

Good to know:
Where there is a borrower with several loans, Tarya will apply the relevant protection fund to all the loans in arrears of that borrower combined.

The SAFE 500 fees:

Is there a limit on the amount of money I can deposit in Tarya?

There is no limit regarding the amount of money or the number of deposits you can make into your Tarya investment account. You can make a deposit to your Tarya account at any time, just make sure:

  • to add your ID number as a reference to the deposit amount so we can be sure to credit it to the correct account
  • transfer money only from the bank account that is associated with your Tarya account

If you are new to investing or just starting out, we recommend you start slow, test us out and gradually increase the amount.

In the event of the death of an investor, how can the estate’s representatives withdraw money from their Tarya account?

In the event that an investor passes, the money within their Tarya account will form part of the assets of their estate.  A withdrawal of the money in the Tarya account may be executed at the request of the legal heirs, pursuant to an Inheritance Order or a Will Probation Order, or if an estate administrator has been appointed, pursuant to the order received by the estate administrator. Should you require any assistance in this regard, please send an email to support@tarya.co.il.

Do investors with more money in their account have preference?

Absolutely not! Tarya’s treats every investor in the same way fairly, with transparency and without any differentiation. You will therefore receive the same interest and pay the same fee.  The fact that one investor has less money than another is not relevant and does not make any change to their performance.

From my report I can see that I have invested a large sum in some loans. Is this normal?

Yes, it’s normal, there may be times when you have a high amount invested in a single loan.
Tarya’s dedicated algorithms are constantly working to reduce your exposure by continuously spreading your investment across as many loans as possible, and over time your amount per loan will be reduced accordingly.

Why does the number of active loans showing in my dashboard change all the time?

There are several reasons for the constant change in the number of loans:

  • Continuous spreading of your investment: Tarya’s dedicated algorithms are constantly working to reduce your exposure on a single loan, continuously spreading your investment across as many loans as possible as they enter the platform. The more we spread your investment, the more loans you will see in your dashboard.
  • Automatic Reinvestment Agent: If you have activated the Automatic Reinvestment Agent on your account, the repayments and interest earned from current loans will automatically be reinvested into new loans, enabling you to generate additional earnings from compounded interest.

What happens if a borrower does not repay the loan in which I have invested?

Tarya’s primary and uncompromising obligation is to you as investor. We are obliged by the law to take all measures available in order to collect the debt. Therefore, anyone seeking to avoid repayment of loans, or whose conduct is cause for a loss of confidence in Tarya and the financial community, is liable to various sanctions:

  • A borrower in default will be reported to the Bank of Israel, according to the law of (netunai hashrai)
  • Tarya will make use of any legal instrument at its disposal in order to collect the debt, including placing an lien on the borrower’s bank accounts or salary, issuing orders barring exit from the country, limiting the use of credit cards, non-renewal of driver’s license, and shortened execution procedures.
  • Should we be forced to start collection procedures, borrowers will be charged with a late interest rate penalty, as prescribed by the law. The interest earned is transferred entirely to the investors, as compensation for the borrower’s failure to make regular loan payments.

Loans portfolio performance

The data in the loan performance table reflects the percentage of non-paid loans in each of Tarya’s internal credit ranks and based on the data from the past two years.
Each loan application is examined by our underwriting process with the aim of identifying the risk inherent in the loan, assign a credit score to the loan and as a function of all these, to set an interest rate to the borrower.

The risk inherent in the credit grades are as follows:
The higher the grade (AA), the greater the reliability of the borrower and therefore the lower the interest rate on the loan as he poses a lower risk of insolvency.
The lower the grade (BB), the greater the risk of non-payment and therefore a higher interest rate on the loan.

The data appearing in the table do not include the returns receive from Tarya’s SAFE protection funds, execution of guarantees or monies received as a result of our collection team for late interest from borrowers in arrears and therefore, from the perspective of the lender, the arrears rates are actually lower than what appears in the table.

You can change your investment portfolio at any time so it corresponds to the level of exposure you are willing to take on your investment, alternatively you can open multiple zones with different investment portfolios and see which one best suites your needs.

What is the devaluation value in Tarya?

In order to reflect the credit risk in a simple and clear way, lenders can see their personal “devaluation value” within their dashboards. The devaluation value is unique to the user and represents the loans he/she is invested in.  The devaluation mechanism conservatively reflect the change in the likelihood of collecting late loans and based on the distinction between late payments for periods before and after 180 days. Obviously, in the latter case, loans exceeding 180 days,  the probability of collecting the late payments is smaller than for loans which has not surpassed 180 days. In the case of late payments of up to 180 days devaluation value is the actual late payments and in the case of late payments which exceeds 180 days the devaluation value takes into consideration the total amount of the investment in those late loans.

How do I become a Tarya investor?

At Tarya, anyone is welcome to become an investor. All you need to do is follow these simple steps:

  1. Go to our registration page
  2. Complete the registration form and attach some identification documents – the whole process takes three minutes
  3. Transfer money from your bank account to a dedicated trust account – on receipt of your investment to the trust account, your dashboard will become active.
  4. See how your money starts working for you.

We recommend you start with a small investment amount to test the platform. As your trust and confidence in the platform grows, you can increase your investment in increments.

To join click here.

A few important things to remember during the registration process:

  • A valid identity document is required for registration.
  • The email address you use to register must be the username you use to enter your personal investors dashboard.
  • The mobile number you register with, will be used for resetting your password if necessary.
  • The account is a personal investors account registered in the name of a single investor.
  • You can also register your company as an investor account – great if you want to earn more from your earnings.

Can I repay my loan before the due date?

One of the main benefits at Tarya is that you can repay your loan either partially or fully anytime you want – without any early repayment commissions or penalties.

All you need to do is:

  1. Log in to your personal dashboard and select the loan that you wish to repay. The system will show you the balance for settlement.
  2. Transfer that amount to Tarya’s trust account.
  3. Send a notification email to support@tarya.co.il specifying the amount repaid, your ID number and that the money transferred is to effect early repayment of the loan.

Once we have attributed the money to your loan, you will receive an email confirming execution of the loan repayment.

Details of Tarya’s trust account
Account name: Altshuler Shaham Trusts Ltd.
Bank Leumi
Account number: 15643/31
Branch number: 783

Is there any contact between Tarya investors and borrowers?

The privacy of both parties is highly important to us and therefore Tarya strictly preserves the anonymity of both the borrowers and investors on the platform – as prescribed by law.
Keep in mind that for operational tasks, the identities of all investors and borrowers are preserved in the system for the purposes of identification and executing financial transactions.

Can I open an account for my children?

Definitely, yes! Sub-accounts, or as we call them ‘zones’, can be opened for any third party, whether it’s your kids or even your grandkids. Keep in mind that zones are sub-accounts under the main account holder, which means that the money legally belongs to you as the account holder, and only you can submit a withdrawal request.

To open a zone for your kids just log in to your dashboard.

How does Tarya keep my investment safe?

Tarya’s platform has been built with the focus of reducing our investors’ exposure to risk. By fusing three vital elements – technology, regulation and a community-based business model – Tarya’s alternative investment platform is one of the only platforms in the world that offers investors secured loans, backed by collateral.

In addition to secured loans, we have also developed the following unique systems to further reduce your exposure to risk:

  • Underwriting: At Tarya, we combine the knowledge of our experienced risk management team with advanced digital underwriting algorithms. Once a credit model has been validated, we add AI and machine learning for optimization and automation. This process is then repeated and adapted to the relevant market sector, providing a non-generic and robust underwriting system which is one of the most sophisticated, rapid and automated underwriting methods to date.
  • Trust Account: All money coming in and going out of the platform goes via a dedicated trust account. This account is kept separately from Tarya’s operational account and is used solely for the purpose of operating the loan process.
  • Rapid Investment Distribution Algorithms – On receiving your investment amount into Tarya’s trust account, our smart technology takes over. Dedicated algorithms distribute your investment between hundreds of different loans, based on the investment profile you have selected. As more loans meeting your investment criteria enter the system, your risk is reduced by spreading your investment over as many loans as possible.

Note: this procedure takes place every month, and changes will be reflected as such in your loan report under the number of loans your invested in.

  • Protection Funds (SAFE 200 and SAFE 500): We take the job of spreading your investment across as many loans as possible so seriously, that we have created a one-of-a-kind protection fund.
  • The SAFE 200, a free service available to all our investors. Covers any exposure you might have on a loan, should that exposure exceed 0.5% on a loan.
  • The SAFE 500, a paid service ideal for investors who are looking for a greater level of protection. Covers exposure above 0.2% on a loan. Payment for this protection fund is taken from earned interest, payable only when the exposure is above 0.2%, the duration it is exposed and only for the percentage exposed.
  • Secured loans: Tarya’s portfolio comprises numerous market sectors, from real estate to businesses to vehicles. Due to the nature of these loans, we can use their assets as collateral to be exercised in the event of failure to pay the loan.

What’s the catch?

So, you might be thinking that Tarya sounds too good to be true and wondering what’s the catch. Honestly, there is none. Today, we live in an era where time is one of the scarcest commodities we have. Unfortunately, the banking world has been slow to think of creative ways of using innovative technology to make financing:

  • faster
  • more personalized
  • transparent
  • less risky
  • deliver maximum value – to you the user

At Tarya, we use innovative technology and unique community-based business models which do all this!

What you should however always remember is that Tarya’s liquidity mechanism is built on the balance between money in and money out.

If for some reason everyone decides to withdraw their money from the platform at once, this may influence your liquidity, meaning that some of the following things may have to happen before you can withdraw money:

We liquify your shares in the relevant loans by refinancing the loans you’re invested in and replacing it with new investors.
Or
Loans are repaid

What happens if I am unable to meet my loan repayments?

Tarya has a primary, uncompromising obligation to its investors (people like you and me) and their money. Like a bank, the law allows Tarya to activate all relevant measures for collecting debts. Therefore, anyone seeking to avoid repayment of loans, or whose conduct is cause for a loss of confidence in Tarya and the financial community, is liable to various sanctions:

  • A borrower who fails to repay a loan will have his credit rating reduced, with the possibility of barring him from future use of the system.
  • Tarya will make use of any legal instrument at its disposal in order to collect the debt, including placing an lien on your bank accounts or salary, issuing orders barring exit from the country, limiting the use of credit cards, non-renewal of driver’s license, and shortened execution procedures.

 

Should we be forced to start collection procedures, borrowers will be charged with a late interest rate penalty, as prescribed by the law. This interest is transferred entirely to Tarya investors, as compensation for the borrower’s failure to make regular loan payments.

Late [Days] Action Charge to Borrower
Late by 1 day
In the event that payment is one day overdue, the borrower will not be allowed to request another loan until the amount in arrears is paid in full.

;

Late by 7 days
On the 8th day after payment has fallen due and remains unpaid, the borrower will be sent an alert by email and SMS. 25 NIS
Late by 21 days
On the 22nd day after payment has fallen due and remains unpaid, the borrower will be sent another alert by email and SMS. 25 NIS
Late by 35 days
On the 36th day after payment has fallen due and remains unpaid, the borrower will be sent another alert by email and SMS.

If the amount of arrears is not paid in full immediately, the entire loan amount will be recalled for early payment.

75 NIS
Late by 50 days
On the 50th day after payment has fallen due and remains unpaid, the entire loan will be recalled for early payment, and the borrower will not be allowed to apply for loans through the site for one year from the date on which all amounts owing have been repaid.

The borrower will be notified via email and SMS that the debt collection has been referred for resolution by our legal team.

.

500 NIS
Late by 60 days
From the 60th day after payment has fallen due and remains unpaid, the borrower will no longer be eligible for loans through the site.

 

Our goal is to help you avoid a situation where you miss a payment. In the case of any problem or difficulty in meeting payment dates, please get in touch with us at collection@tarya.co.il so we can see how we can assist you. Keep in mind, we are obligated to keep your loan information confidential, and we commit to treating the matter in a personal and professional way.

Three business days have passed, and I still have not received confirmation from Tarya – what now?

If you have not received confirmation of your deposit from Tarya, please log in to your Tarya dashboard to reconfirm whether the money has in fact been received. If the deposit amount is not reflected in your dashboard, contact our Customer Service team.

In all contact with our Customer Service team, don’t forget to specify the following details:

  • Your username and email
  • Details of the transfer (amount, date, reference number)
  • If possible, please attach a copy of proof of transfer

The most common reason for delayed allocation of funds is difficulty in identifying the source of the money. Always make sure to make a transfer from the bank account associated with your Tarya account or your Tarya sub-account.

How can I see all my transactions?

At any given moment, an investor can log in to their Tarya dashboard, using a dedicated password-protected web-based application.

From within your personal dashboard, you can:

  •  view all transactions
  •  see all the distribution of the loans you’re invested in
  •  overview your portfolio’s performance in real time.

In addition to having access 24/7, Tarya sends a monthly financial report via email to the registered Tarya account holder or having the report available through the dashboard.

What do I need to know about withdrawing money from Tarya?

At Tarya, we know that nothing in life is constant except change, which is why we have developed an incredible mechanism which gives our investors liquidity of all the available money within their portfolio. This means that there is no lock-up period for your money – you can request a withdrawl on your available money from within your personal dashboard – it’s your money after all!

The real beauty of all this is that there are no withdrawal commissions, early payment commissions or sanctions.

How does it work?

Its super simple! All you need to do is request a withdrawal from within your dashboard. The moment we receive your withdrawal request, Tarya’s smart algorithms start to “sell” parts of the loans you’re invested in. This process is likely to take a few business days, depending on the amount of your withdrawal request. In certain cases, to avoid you waiting for your money, the withdrawal will happen in a few rounds, meaning that you might get several separate deposits into your allocated bank account.

Important!
It is not possible to withdraw from loans that are in default. In such cases, the withdrawal request will remain pending until the loan amount has been recovered from the borrower, at which point, the system will then transfer the money to you automatically. You can read more about late payments here.

How do I request a withdrawal of money from my account?

  • Log in to your dashboard.
  • Select the ‘withdrawal request’ option.
  • Select the account you wish to withdraw from.
  • Select the amount you wish to withdraw.
  • On receipt of the withdrawal request, the system will start to liquidate your available funds.

Good to know

  • The system will display the maximum sum available for a withdrawal request.
  • If there is an open withdrawal request, no additional request can be made.

To whom am I lending my money?

Tarya is reshaping banking through its unique alternative investment platform, which provides personalized financial solutions to many different types of borrowers. Tarya has developed a one-of-a-kind, community-based business model which enables us to provide credit to borrowers that come to us through vetted retailers and businesses, wanting to provide financial solutions directly to their customers. Only customers who have passed our stringent underwriting process will be able to get credit through the community. This enables us to give credit to borrowers – people like you and me, which means that your investment portfolio is less exposed to late payments and potential default. 

Here are some of the reason’s borrowers use Tarya:

  • It’s super convenient – they can get financing directly at the point of sale or from the comfort of their home
  • It’s fast –they know very quickly whether they meet Tarya’s strict underwriting standards
  • It’s personalized – by analyzing the borrower’s data, we are able to offer smart, modular solutions that meet their exact needs
  • It’s completely transparent – borrowers always know how much interest they are paying on a loan
  • There are no penalties for early loan repayment

To read more about the types of loans available in Tarya click here.

Who may submit a loan application to Tarya?

Tarya’s unique community-based business model enables a variety of people to apply for a loan, either directly from our website or via one of our exclusively selected communities. (Click here to read more about communities). Any individual over the age of 21 who has an Israeli bank account may submit a loan application. Tarya also provides financial solutions to businesses – click here to find out more. The loan application requires borrowers to provide different information, depending on the type of loan they wish taken. If the borrower passes Tarya’s digital underwriting assessment and meets our borrower criteria, the loan will be approved.

It’s important to note that we respect our borrowers’ privacy and none of your identifying information will be shared with investors in Tarya’s investment platform.

What interest and commissions are payable on a Tarya loan?

Transparency is one of our key promises to our customers. At Tarya, there are no hidden costs and no surprises – each borrower knows the exact cost associated with their loan.  Interest and commissions are calculated individually, depending on the borrower’s credit score – you will receive this information before the loan is finalized, enabling you to make an informed decision as to whether you want to take the loan.

The monthly repayment of the loan consists of the following elements:

  • Repayment of the principle sum – the actual amount you borrowed
  • Interest on the loan – cost to you of borrowing of the money
  • A one-time origination fee – deducted from the approved loan sum before we transfer the loan to your bank account.

Repayment of the loan will be defined according to a loan schedule, which can be found in the loan contract which needs to be approved by you, the borrower.