Tala Loan Penalties For Late Repayments

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tala late loan repayment

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.

Tala late loan repayment

 

See also  UbaPesa Loan Penalties For Late Repayment.

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