In case of late payments, Tala Philippines charges a one-time late fee of 5%. To avoid incurring late fees, we recommend customers to choose a repayment date that matches their income flow. For example, if you get paid on the 15th, try setting a date a few days ahead, like the 20th. The extra 5 days gives you additional time just in case of any unforeseen delays. This way, you can be confident that your funds are available on your due date.
Please note that unlike other lending companies, Tala does not charge a daily late fee. The 5% late charge is a one-time fee only.