What happens if I pay early or late?

Prepayments

There are no penalty fees for paying early. In fact, early and on time payments will help you qualify for larger loans in the future!

 

Late Payments

It is important to make your payments on time to be able to continue benefiting from Tala's fast, low interest loans. Missing loan payments may result in fees, lower loan limits, or the inability to get a subsequent loan from us as well as other lenders.

 

Non-Payments

You may be contacted by collections agents if you do not repay your loan on time. In the event of a long period of non-payment, you may be blacklisted from Tala and also reported to the relevant credit reference bureaus.

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