Tala Loan App Review | Is Tala Loan App Legit? [2023]

By | April 28, 2023

Tala Loan App Review Tala is a modern and convenient instant lending app that operates in the Philippines, Mexico, India, and Kenya. It offers quick and small online loans through its app and focuses on serving the unbanked population. Here is Best loans in zambia without collateral 2023

Loan Terms

  • Loan Amount: PHP 1,000 to PHP 10,000
  • Term: 21 or 30 days
  • Interest Rate: 0.75% per day for 21 days, 0.5% per day for 30 days

Requirements for Tala Loan

  • Government-issued ID
  • Android device with OS 4 or higher

Application Process

The loan application process is done entirely through the Tala app and involves the following steps:

  • Download the Tala app from Google Play
  • Create an account or log in if you already have one
  • Fill out a personal information survey
  • Submit a valid ID and photos
  • Select the cash-out method
  • Select the repayment method

Withdrawals and Repayments

Borrowers can cash out their loans through a bank account, Coins.ph, Cebuana, Palawan, M Lhuillier, or LBC. Repayments can be made through 7-11, Cebuana, M Lhuillier, or Coins. ph. See Sesco Stappenshapp Is Legit Or Not | Sesco Stappenshapp Review,  A one-time processing fee is charged, which can be 11% for 21-day loans and 15% for 30-day loans.

Is Tala Loan App Legit?

Yes, Tala is a legitimate financial enterprise registered with the SEC (CS201710582). See ZamCash Review – Get Loan in 5mins | No PaperWork!


Tala operates 24/7 through its app and is available to users at any time.

Tala loans are available to anyone who is 18 years or older and is a Filipino citizen. This includes students, housewives, and the unemployed as long as they have a valid government-issued ID and an Android device.

Approval Process

Tala may analyze the credit history and lending actions of borrowers to determine their approval for a loan. Maintaining regular payment of previous debts can increase the chances of approval.

Repayment Process

The repayment process for Tala loans is done through the app, where borrowers can choose the repayment method and receive a unique payment number. Have you read about What business you can start with k500 in Zambia. Payments can be made through affiliate locations such as Cebuana, M Lhuillier, 7-11, and Coins.ph services. Late payments are subject to an 8% fee.


Borrowers can apply for a new loan once they have fully repaid the previous one. Repaying loans regularly can lead to increased loan limits.

Loan Calculator

Borrowers can use any loan calculator to compute the loan amount and interest. The interest rate is 0.75% per day for 21-day loans and 0.5% per day for 30-day loans, with a processing fee of 11% or 15% depending on the term.

Loan Balance

Borrowers can check their loan balance through the Tala app, which also provides information on saving tips and tricks.

In conclusion, Tala is a modern and convenient app-based lending solution that offers quick and small loans to the unbanked population in the Philippines. Its simple application process and flexible repayment options make it an attractive option for those in need of financial support.

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