How to Repay Your Loan From Tala Philippines

Online cash loans are becoming popular these days. It is quick, fast, and readily available, which are plus points in case of emergency. When it comes to this kind of facility, Tala Philippines is among those lenders people consider. After all, borrowing from them is easy and convenient. All you need to do is to download the app, fill out the boxes with your personal details, and you’re good to go.

Of course, every successful amount of money you borrowed means you have to pay for it at some point.

The question now is this: how do you pay for your Tala loan? 

But first, you need to know the available payment channels. 

The following are the only authorized payment channels of Tala:

• Cebuana Lhuillier
• MLhuillier
• Coins.ph
• 7-Eleven

That being said, here is a step-by-step guide on how to pay your Tala loan:

Step 1: Go to Tala app installed on your phone. On the homepage, click Make A Payment. 

Step 2: Input the amount you wish to pay. It is also advisable that you pay the full amount, interest included, to avoid incurring penalty charges.

Step 3: Click Submit Payment. 

Step 4: You will receive a notification via text message from Coins.ph or NXSMS. This includes a link. Make sure to click the link. 

Step 5: Choose your desired payment method. Remember, Tala Philippines has only FOUR authorized payment channels, so choose one that is most convenient for you. Payments made outside these four authorized channels will NOT be honored by Tala.

Step 6: You will receive a reference number on email inbox or SMS notification. Make sure to write this reference number – a 12-digit code – because this will be used when you make a payment on any Tala’s authorized payment channels.

Step 7: Go to your preferred payment channel and then, settle your loan obligation. Don’t forget to present the reference number so Tala will know which loan you are paying for.

An email or text message will be sent to you once Tala Philippines completed your loan payment. You will also see payment confirmation on the Tala app.

Once payment is posted, you may re-apply for another loan in case you are in need of additional funds.

Easy, don’t you think? Remember, settle your loan obligation, regardless of the amount, as soon as you can to avoid paying penalty fees. Plus, late or incomplete payment could have a negative effect on your credit score – and you don’t want that to happen.