Unfortunately, if you repay late, you will be charged a one-time 8% late payment charge on your outstanding balance.
While other lenders impose a late payment charge for every day that you are late, Tala only has a one-time late payment charge, and you’ll be able to apply to borrow again as soon as you have repaid what you owe.
For further inquiries kindly reach out to us via the Tala app or at hellokenya@talamobile.com
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