How to pay back a Tala loan?
To pay a loan, you should take the following steps:
- From the Tala Loan App dashboard, go to your Loan Details
- Tap Make Payment
- You will receive a prompt message with a payment request link.
- Tap on the link to choose your preferred method to pay back your loan.
- You can pay back a Tala loan via several payment channels: GCash, Coins.ph, 7-Eleven, Cebuana Lhuillier, or M Lhuillier.
- You can choose to repay the full amount or make partial payments before the due date.
- You will receive a text message with a reference number
- Enter the reference number
- Tap Pay
- Wait for a payment confirmation text message.
Conditions of loan extension at Tala
Tala accepts loan extensions for customers unable to make timely payments. Tala charges a one-time 8% extension fee, and no other fees are charged to the customer, regardless of when they repay.
Early Payoff
Paying off your debt early reduces the financial burden of late repayments. You can make partial installment amounts or pay back the loan in full before the due date. Making several smaller payments helps you to pay back your loan before the due date. Early payoff allows you to avoid penalties for late payment. It can also improv your chances of getting you next loan.