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. I change my mobile phone no.how can i pay?i cant inquire my loan balance.pls reply

  2. I change my mobile phone no.how can i pay?i cant inquire my loan balance

  3. if idont pay my loan can i be arested TALA LOAN

  4. I have been cleared from crb I do have the certificate of clearence if
    I were to apply for a loan with Tala would they grant me the loan

  5. What if i cant repay within the stipulated period but continue repaying in bits?

  6. how can i apply another loan if i repay my loan during our grace period?

  7. How long das crb take to remove u after paying

  8. How long das crb take to remove u after paying

  9. I want a loan so that I can market my song and I will pay as soon as the song sells.??

  10. okay thanks I can before the time coz is supporting me thank you TALA

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