If you're unable to pay by the due date, you can extend your loan by making a prolongation payment for an additional 30 days. The principal loan amount will not change. Loan extensions are only available for payday loans. If you have a monthly installment loan, an extension is not possible. The loan extension option becomes available when there are 5 days left before the due date.
To extend your loan, complete the following steps:
- Log into your account using the Tambadana website or mobile app.
- Click on the banner to move the payment date.
- Pay the extension fee.