What are the payment terms, and the fees and charges associated with a Tala loan?

Tala charges a one-time fee of:

  • 11.4%-13.3% plus applicable taxes for loans with a term of 21 days (APR: 198%-231%; EIR*: 12-14%)
  • 15.2%-17.1% plus applicable taxes for loans with a term of 30 days (APR: 185%-208%; EIR*: 16%-18%)

For example, for a 30-day loan with principal amount of Php 1,000, the service fee would be Php 152-171, the applicable tax would be Php 8-9, and the total amount due would be Php 1,160-1,180.

If you do not repay on time, Tala may charge a one-time late fee of 8% of the total amount outstanding as of the date the late fee is charged.

*Effective Interest Rate (EIR): expressed as interest rate per month not inclusive of taxes.

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