Tala Loan App Download Philippines, Requirements and Rates

There are alternative routes to getting a personal loan in the Philippines if you’re having trouble getting a bank loan approved and lack the necessary financial documentation.

You can think about alternative loans like the Tala loan, which is an online rapid cash loan from a peer-to-peer lender.

You can read more about Tala loan app, one of the top lenders of urgent cash loans in the Philippines, and the loan application procedure in this post.

Describe Tala.

The Securities and Exchange Commission has Tala Financing Philippines Inc. listed as a legitimate online lender.

Through a mobile app, it offers instant loans that include loan application, cash release, and progress tracking. Without regard to their credit history, Filipinos using Android devices can quickly obtain a cash loan through Tala, which has operations in the Philippines, Mexico, Kenya, and India.

Principal Elements of Tala Loan

In the Philippines, Tala takes pride in offering quick, adaptable, and safe loans. You can anticipate the following when you take out a Tala loan:

  • Online loan applications are approved quickly.
  • Flexible lending conditions based on your cash flow and income.
  • secured business dealings.
  • continual availability of credit.

What Amount Can I Borrow Through the Tala Loan App?

First-time borrowers who meet the requirements can obtain a Tala loan starting at $1,000. The Tala first loan limit is modest, but if you pay your debts on time, you may be eligible for a Tala second loan of up to 25,000.

According to Tala, borrowers who make on-time payments can quickly expand their loan limit.

What is the Tala Interest Rate and Fee Schedule?

The daily flat rate charged by Tala Loan is as little as 0.5%. The sooner you repay, the less interest you will have to pay, so you should pay off your loan as soon as you can—even before the due date.

But even if you pay in advance, the interest rate won’t change. You can pay back your loan early without incurring a fee thanks to Tala, who does not impose such a penalty.

If you are unable to repay your loan by the deadline of 61 days, you will be assessed an 8% late payment interest fee on the entire amount still owing.

Downloading an app and getting a loan

All you have to do now is visit the applications store and search for “Tala loan” to download the Tala app.

  • Installing the app on your smartphone is the first step.
  • Step 2 is to launch the app and create an account.
  • Step 3: Apply for a new loan and give the essential personal details.
  • Await authorization
  • When Tala approves your loan, the funds are transferred to your bank account.

Should I use the Philippines’ Tala apps to borrow money?

An excellent borrower for a tala loan is one who:

  • Filipinos who are at least 18 years old and own an Android smartphone.
  • For an immediate cash crunch or emergency, I need loan approval now.
  • due to a lack of or poor credit history, you are ineligible for personal loans from banks.
  • lack the time to gather the necessary paperwork and wait in line to apply for a personal loan at a bank.

What Can I Do With My Tala Loan?

Your Tala loan can be used for a variety of things, like starting a new business, covering an unexpected need, paying bills, getting food, paying for college, and more.

After your first, second, or even third loan from Tala Philippines, the opportunities are unlimited.

Tala Loan Conditions

Application requirements for Tala loans are straightforward. For Tala ID requirements, all you need is an Android smartphone with OS 4.1 or higher and one legitimate ID.

To obtain a loan with Tala, no collateral, credit card, bank account, or proof of income are needed. Any of the following legal IDs are accepted by Tala:

  • driving permit
  • National ID or Passport with PhilSys ID
  • PRC card UMID/SSS ID Postal ID
  • a voter ID
  • Your ID must be valid and display your true birthdate.

Your Tala Loan Repayment Options

You must pay back your Tala loan promptly after getting it to avoid late payment fees and penalties. For borrowers to effortlessly repay their loans, Tala offers a variety of payment mechanisms.

Follow these steps to pay back your Tala loan:

Visit the payment location of your choice that is nearby. Fill out the form or payment slip. Give the Tala account number and the payment amount. Await the confirmation of your payment.

Tala may need up to two business days to receive and process your payment once you’ve sent it. To verify your payment status, visit your Tala account or app.


Tala can be an excellent choice for you if you’re seeking for a quick and simple way to borrow money without the fuss of conventional lenders.

You can apply in just a few minutes and receive the money you require with its simple payback conditions. Nevertheless, make sure to carefully study the terms and conditions and only borrow money that you can afford to pay back.

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