Tala is giving you continuous, always-on access to money when you need it, flexible repayment scheduling, more control over fees, and the opportunity to save. With Tala, you borrow when you need, repay when you can, and save money when you repay early. It’s as simple as that!
What’s new from Tala?
1. Easy repayment scheduling
Tala enables you to schedule your own repayment date, so you can plan ahead, align repayment with your income and expenses, and see what your loan will cost you when you repay on schedule.
2. Repay early, pay less
Now, Tala loans have a daily interest rate, which means the earlier you repay, the less interest you pay! Some lenders will charge you penalties if you pay off your loan balance ahead of schedule — at Tala, we want to enable you to avoid any additional interest and save money whenever you can!
3. Only pay for the days you use
Tala knows that life can be unpredictable — that’s why we don’t lock you into the date you selected to repay your loan. If you’re ready to repay early, you’ll pay less for your loan. If you need more time, no late fees before the 60 day maximum; you’ll simply be charged the daily fee for the few extra days you need.
4. Continuous access
Tala aspires to be your most reliable financial partner. With Tala, you’ll always be able to borrow again when you repay what you owe.
5. Automatic approval
Now, you only need to submit an application once, the first time you borrow. After you have been approved, we guarantee approval of your future loans. We have also shortened the application process to a few questions. It will take you less than a minute to apply.
Life can be unpredictable, and through our experience serving millions globally, we know that building toward financial stability requires consistent access to money to cover shortfalls and the ability to save whenever possible. Tala’s new, always-on cash loans are designed for dependability and flexibility, so you’re in control of your finances through prosperous times and challenging ones.