Tala Loan App Download Philippines, Requirements and Rates

39 Likes Comment

If you’re having a hard time getting approved for a bank loan and you don’t have any supporting financial documents, there are other ways to get a personal loan in the Philippines.

Online quick cash loans from peer-to-peer and private lenders are some of the alternative loans you can consider, and one of them is the Tala loan.

In this article, you will learn more about Tala loan app, one of the top quick cash loan providers in the Philippines, and the loan application process.

What is Tala?

Tala is a legitimate online lender registered with the Securities and Exchange Commission as Tala Financing Philippines Inc.

It provides instant loans through a mobile app from loan application to funds release and status tracking. Tala operates in the Philippines, Mexico, Kenya, and India, and allows Filipinos with Android devices to conveniently get a cash loan, regardless of their credit history.

Key Features of Tala Loan

Tala takes pride in providing fast, flexible, and secure loans in the Philippines. When you borrow money using a Tala loan, you can expect the following:

  • Quick online loan application and approval.
  • Flexible loan terms based on your income and cash flow.
  • Secured transactions.
  • Continuous access to loans.

How Much Can I Borrow From Tala loan app?

Qualified first-time borrowers can get a Tala loan with a starting amount of ₱1,000. The Tala first loan limit is small, but if you make timely repayments, you can qualify for up to ₱25,000 for your Tala second loan amount.

Borrowers who make on-time repayments can increase their loan limit in only a matter of months, according to Tala.

How Much are the Tala Interest Rates and Fees?

Tala loan charges a flat daily fee of as low as 0.5%. You can pay off your loan as early as possible—even before your due date—because the sooner you repay, the less interest you pay.

However, the interest rate won’t change even if you make an advance payment. Tala doesn’t charge an early repayment penalty, so you can repay your loan before your due date without getting charged for it.

If you can’t pay your loan within the maximum due date of 61 days, you’ll be charged an 8% late payment interest on your total outstanding balance.

App download and loan process

Now, to download Tala app, all you need to do is go to the apps store and search for the term Tala loan.

  • Step 1: installed the app on your mobile phone
  • Step 2: open the app and register for an account
  • Step 3: request for a new loan and provide necessary information about yourself
  • Wait for approval
  • Once Tala apps your loan, with2the money into your bank account

Should I Borrow from Tala apps in Philippines?

Tala loan is ideal for borrowers who:

  • Are Filipinos 18 years old and above with an Android mobile device.
  • Need instant loan approval for an urgent cash need or emergency.
  • Don’t qualify for personal loans from banks due to no or bad credit history.
  • Don’t have time to prepare various documents and line up at a bank to apply for a personal loan.

Where Can I Use My Tala Loan?

You can use your Tala loan for many purposes, such as starting a small business, funding an emergency, paying bills, purchasing groceries, paying tuition, and more.

The possibilities are endless after the first, second, or even the third time you borrow money from Tala Philippines.

Tala Loan Requirements

The requirements for Tala loan applications are simple. You just need to use an Android smartphone with OS 4.1 or higher, and one valid ID for Tala ID requirements.

Tala doesn’t require any proof of income, bank account, credit card, or collateral to secure a loan. Tala accepts any of the following valid IDs:

  • Driver’s license
  • National ID or PhilSys ID
  • Passport
  • Postal ID
  • PRC card
  • Voter’s ID

Your ID must show your correct birthdate and not be expired.

How to Repay Your Tala Loan

After receiving your Tala loan, you must repay it on time to avoid late payment fees and penalties. Tala offers different payment channels for borrowers to repay their loans conveniently.

To repay your Tala loan, follow these steps:

Go to the nearest payment center of your choice. Fill out the payment slip or form. Provide your Tala account number and the amount you want to pay. Wait for your payment confirmation.

Once you have made your payment, it may take up to two business days for Tala to receive and process your payment. You can check your Tala account or app to confirm your payment status.


If you’re looking for a quick and easy way to borrow money without the hassle of traditional lenders, Tala might be a good option for you.

With its easy application process and flexible repayment terms, you can get the cash you need in a matter of minutes. However, be sure to read the terms and conditions carefully and only borrow what you can afford to repay.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

You might like

About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copying of this content disabled