Tala

Tala is an offline credit planning tool for users who want to track an existing debt and understand why their actual balance may differ from their own calculations. Enter your debt details, record actual payments, reconcile the balance at the end of a completed period, and save an updated repayment plan.

With Tala, you can create an existing debt obligation with a selected currency, opening balance, fixed annual rate, model start date, monthly payment, and payment day. The app uses a transparent monthly calculation model to estimate interest and the expected closing balance for each period.

Tala calculates monthly interest from the opening balance using the annual rate divided by twelve. Payments and period adjustments are then applied to the calculated balance. Monetary calculations use decimal arithmetic and a defined rounding rule based on the selected currency. If a payment date does not exist in a particular month, it is moved to the last day of that month.

The payment journal shows the opening balance, model interest, actual payments, manual adjustments, and calculated closing balance for each month. Add actual payments with an amount and date, and optionally include a personal note. Planned payment rows and actual payment records remain visually separate, so marking a planned payment as complete does not create an actual payment.

Tala includes a balance reconciliation tool that creates an arithmetic bridge between the calculated and manually entered actual balance at the end of a completed period. Review the opening balance, model interest, actual payments, known adjustments, calculated balance, actual balance, and difference. You can add a signed adjustment with a reason or accept the remaining difference as unexplained.

A reconciliation remains a draft until you confirm it. Once confirmed, the actual balance becomes the opening balance for the next period, while any unexplained difference remains separately visible. Tala does not automatically determine the cause of a difference or describe it as a proven lender error.

From a confirmed balance, Tala can calculate a future repayment schedule using a selected constant monthly payment. Compare the projected payoff date, remaining interest, and number of payments with the forecast based on the calculated balance. If the payment does not produce positive principal reduction, the app does not display a fictional payoff date.

Tala also lets you save named snapshots of your original debt conditions, reconciliation, assumptions, and repayment schedule. Saved plans remain independent when later payments or reconciliations are made. You can rename or delete saved plans with confirmation.

Tala works completely offline. Your debt information, payment records, adjustments, reconciliations, saved plans, and personal notes remain on the device. The app does not use network requests, remote data, lender interaction, loan applications, approvals, or financing offers.

Tala is a mathematical planning and tracking tool for an existing credit or loan obligation. Its calculations are based on the information and assumptions you provide and are not a verification of a lender's calculations. Results should not be treated as official loan terms, approvals, offers, or proof of an error by a lender.