Wala naman pong pinirmahan.
eto yung na search ko.. though sa kenya to.. since wala akong nakita for PH
What are the consequences of not repaying the loans?
Once you request for the loan, the disbursement is super fast.
The Tala loan application is designed to go further and send you notifications to remind you that the loan repayment debt is due.
You also get more than enough time to repay your loan without a rush. And even if you’re a bit late with the loan repayment, you get a grace period of 60 days.
If you fail to pay the loan after the adequate period given, Tala will not let you joke around with their money.
To begin with, your account is linked to the phone number you use to register with Tala. Your name will be submitted to the CRB with a wanting loan history.
That might consequently and potentially limit your chances of getting a loan from a bank, let’s say a mortgage credit if your credit score is very low.
But, it may only come to this point if you refuse to pay back your loan even after being advised on how to do so by debt collectors associated with the company.
Tala terms and conditions clearly state that if you default on a credit advance, then Tala has the right to engage an external debt collection agency to seek repayment.
