The total amount that you need to pay on your repayment date includes the following:
- Borrowed Amount: This is the principal amount that you borrowed
- One-Time Processing Fee: From 3.99% to 11.99% (applied to your borrowed amount)
- Daily Service Fee: From 0.30% to 0.43% per day (applied to your borrowed amount)
Below is an example for one customer:
- He borrowed ₱2,000
- The processing fee that he was given is 5.99%
- The daily service fee for his loan is 0.40% per day
- And he repaid it in full after 30 days
Note: You may receive different fees as Tala's loan offers are personalized per customer. Tala's fees are fully compliant with SEC regulations.
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