Tala Loan Penalties For Late Repayments
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Tala is a loan app offered by Tala Mobile. The app is available on the Google Playstore and is accessible to all Kenyans and has over 5M+ downloads as well as a 4.6/5 star rating with 373K+ reviews in the Playstore.
Loan amounts range from Ksh 500 to Ksh 30,000 of 5% to 15% interest rate depending on repayment duration i.e 5%-11% for 21 days and 7%-15% for 30 days.
Failure to repay the loan upon due date will attract repercussions as outlined in Tala’s Terms and Conditions.