Many times you do not need the loan for the entire tenure selected, but at the same time you may not have certainty on when you would get the money to repay your loan.
At Tala we want to offer our customers with the most flexible experience. So we are offering two things:
- Comfort & Cushion: Every loan has a default tenure of 91 days. This gives you upto 91 days of cushion to repay your loan amount.
- Flexibility: You are charged interest per day. So if you have the money to repay your loan within 10 days, you are only charged interest for those 10 days instead of the entire tenure!
Borrow for as less as 1 day or as long as 91 days. So if you pay early, you pay less!
You can see the amount you owe today right on the home screen (show below), just log into the app!
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