What are the benefits of repaying my Tala loan on time?
Tala’s flexible loans give you the power to choose your own repayment due date. With this new feature, you can select any date between 15 and 45 days to repay. This flexibility is designed to make it easier for you to repay on time and unlock new Tala benefits!
Why pay on time?
1. Access to next loan
Whether you rely on Tala on a regular basis to supplement your income or want to keep us in your back pocket for emergencies, stay in good standing and you can always count on Tala to be there for you.
2. Grow your loan limits
Your first loan with Tala is only the initial stepping stone! Pay on time and see your loan limits climb higher and higher. Customers who start at the beginning loan amount are able to grow their limits by 2x by their 3rd loan and 10x by their 10th loan!
3. Improved loan terms with rising credit scores
As you continue to be an active customer with on-time repayment, your credit score also improves, giving you access to new financial products and more favorable loan terms such as lower interest rates.
4. Avoid late fees
Flexible loans give you control over the due date to set you up for success. Pay on or before your selected due date to build your financial agency and avoid unwanted late fees.
5. Having a dependable partner
We strive to be your financial partner to help guide you through the ups and downs of managing finances. Repay on time to invest in our continued partnership!
Tala is more than just a mobile loan provider, we are constantly listening to your needs and innovating new features and product offerings all for your financial success.