Tala Loan App is the best option if you require constant access to credit. With this app, you can apply once and then borrow up to KSH 50,000 against your credit limit whenever you need to.
Instantaneous cash approval, increased credit lines, and daily interest rates as low as 0.3% are all possible with Tala. You can get credit without providing any paperwork, putting up any collateral, or even having a bank account.
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Tala Key Features
- Only 1 ID needed: With Tala Loan App, you only need one ID to access credit. This makes it easy for you to apply for credit without having to provide multiple documents.
- Takes only 5 mins to apply: Tala Loan App allows you to apply for credit in just 5 minutes. This makes the application process fast and easy.
- Quick cash approval: Tala Loan App provides quick cash approval, so you can access credit when you need it.
- Double your credit limits fast: Tala Loan App provides the fastest limit growth in the industry. Most customers double their limits in months.
- Rates as low as 0.3% per day: Tala Loan App offers competitive rates as low as 0.3% per day. This makes it affordable for you to access credit.
- No paperwork, collateral, or bank account needed: Tala Loan App eliminates the need for paperwork, collateral, or a bank account. This makes it easy for you to access credit from anywhere.
How Tala Loan App Works
Tala Loan App provides a simple and straightforward process for accessing credit. Here’s how it works:
- Apply in Minutes: Download the app and answer a few easy questions so we can give you a customized credit offer.
- Choose your Terms: Confirm your desired cash amount and select your target repayment date.
- Get your Cash: Money sent directly to your MPESA.
- Continuous Access: Apply only once and get continuous access to borrow up to your approved credit limit (subject to terms and conditions).
- Repay Easily: Use M-PESA Xpress or our Paybill number 851900 and the phone number you signed up with. You can pay in full or make partial payments anytime, on or before your due date.
Who Can Apply
To be eligible for Tala Loan App, you must be a resident citizen of Kenya who is 18+ years old. You must also hold a valid ID and a mobile number.
Tala App Highlights
Tala Loan App offers ultimate control, no hidden fees, fast limit growth, security, and rewarding features. Here are some highlights:
- Ultimate Control: With Tala Loan App, you have ultimate control over your credit. There is no auto-debit, and you can decide when you are ready to repay. If your plans change, the cost of your line of credit will automatically adjust.
- No Hidden Fees: Tala Loan App offers daily interest rates as low as 0.3%. You only pay for the days you need, and there are no access charges.
- Fast Limit Growth: Tala Loan App provides limits up to KSh 50,000 and the fastest limit growth in the industry. Most customers double their limits in months.
- Secure: Tala Loan App secures your personal information with SSL encryption. Tala treats all customers with respect, even if you are late on repayment.
- Rewarding: Tala Loan App offers rewards to customers who refer their friends to the app. You can earn KSh 500 off the next time you borrow when you refer friends to Tala.
Personal Credit Line Terms
The credit limits on the Tala Loan App might be as high as KSh 50,000. Borrowers can expect to pay between 0.3% and 0.6% per day in interest.
Late payment interest equal to 8% of outstanding balances will be imposed if your line of credit is not paid in full within 61 days following your initial draw.
The Kenya Revenue Authority will collect additional Tala from you to cover the 20% Excise Duty imposed on interest and late payment fees in compliance with The Excise Duty Act.
Before you accept a credit line and we disburse the funds to your mobile money wallet, we will show you the total cost of the credit line.
If you pay off your balance and maintain a positive relationship with Tala, you will have unlimited access to cash (subject to some restrictions).
There are stipulations attached to all credit lines. Before committing to a transaction, you should always read the terms and conditions as well as any disclosure statements.
Product Enhancements
The Tala Loan App is continuously working to improve its products and the overall quality of the service it provides. In the event that you come across options that are different from those that have been discussed previously, please do not hesitate to get in touch with Tala Loan App.
Privacy & Permissions
The Tala Loan App will utilize any and all of the information it collects from you to authenticate your identification and establish your credit profile.
Tala will never provide any of your personal information to a third party without first obtaining your permission, nor will they sell any of your data to a third party.
Tala has their Privacy Policy posted on their website, and they are registered with the Office of the Data Protection Commissioner.
Contact Tala Loan App
If you have any questions or concerns about Tala Loan App, you can contact them via email, SMS, or their website. Here are their contact details:
- Email: hellokenya@talamobile.com
- SMS: 21991
- Website: tala.co.ke
Conclusion
If you are searching for a personal line of credit, the Tala Loan App is a fantastic choice for you to consider. The Tala Loan App is a dependable and hassle-free answer to all of your monetary concerns.
It offers rates that are comparable to those offered by other lenders, approval times that are extremely quick, and continuous access to credit.
The Tala Loan App is ready to assist you in any way it can, whether you require finances to cover unexpected expenses or to expand your business. Get started right away by downloading the app and getting started.