Can’t Repay Loan Apps On Time?? Here Are The Penalties.

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1. Mshwari

Upon the lapse of the 30 day repayment period, a rollover fee of 7.5% is effected on the next day.
If you fail to pay for a period of 60 days even after effect of the rollover fee, upon repayment you will not be able to access any other loan until the lapse of a 30 day period.

2. Branch

Upon the lapse of the 30 day repayment duration, upon repayment, you will not be able to access any loan for a duration of 7 days and also your loan limit will be reduced.

3. Saida

Upon the lapse of the 30 day period, you can,request for an extension period through the app which ranges between 2 days to 7 days.
No penalties are charged for repayments within these grace period.

4. Tala

Upon lapse of the 30 day period, you will be issued a grace period of 7 days upon which a penalty fee of 5% will be charged on the outstanding loan amount.
No penalties are charged for repayments within these grace period.

 



Categories: Loan Apps

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25 replies

  1. Can you assist me with a loan worth 7,000

  2. Can you pay partially before the lapse date

  3. I have Tala debt,,,but it wasn’t my will not to pay it on time,,even for now am still unstable,,can i plz get a second loan to repay my first loan and atleast get something for my family needs plz,,

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