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

Depending on the term of the loan, Tala charges a one-time service fee of 8.5 - 27.4% of principal (EIR**: 14.86 - 18.32).

For example:

  • For 15-day loans, the service fee is 8.5% of principal plus applicable taxes (EIR**: 17.46%)
  • For 30-day loans, the service fee is 15.1% of principal plus applicable taxes (EIR**: 15.92%)
  • For 61-day loans, the service fee is 27.4% of principal plus applicable taxes (EIR**: 14.97%)

For example, for a 30-day loan with principal amount of Php 1,000, the service fee would be Php 151, the applicable tax would be Php 8, and the total amount due would be Php 1,159.

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 inclusive of taxes.

Last updated:
Was this article helpful?
1095 out of 1139 found this helpful