HomeFINANCETala Loan Application in Kenya 2022

Tala Loan Application in Kenya 2022

This article is the greatest guide to Tala Loan application in Kenya.

So if you like to:
Know more about Tala
Repay your Tala loan
Inquire about Tala loan term
Apply for a Loan on your mobile-phone
Then you’ll love this new direction.
Let’s get started.

What is Tala Loan?

Tala is a Santa Monica based digital lender that presents micro-loans to people in Kenya, Mexico, India, & the Philippines. The company is controled by Shivani Siroya, who established it back in October 2011.
Tala works via a mobile app that delivers instant loans to users with an Android device. The entire procedure of applying for & receiving the loan happens through Tala App, from application to funds liberation and status tracking.

As of the stating of this report, the Tala App has been downloaded around 5 million times in Kenya only. The app’s 4.4-star rating comes from over 400,000 various users who have left feedback on it to date.
Many within that industry view the Tala loan app the best loan application in Kenya. However, Kenyans themselves have also enjoyed it because of its convenience and accessibility and how easy it is to get loans with this specific company.

How Tala Loan Application Works

Tala works via a simple process that is easy to follow:
Download the loan application from the Google play store
Fill out the Tala loan application form located in the app
They decide if you qualify
You choose the portion you want to borrow
The loan is sent to your MPesa in an instant.
Tala levies a one-time service fee of 5%-33% on the amount you borrow and has compensation schedules that vary relying on your preference. Some people might choose to repay from the Tala app or straight through an M-Pesa using Tala Paybill number 859100.
They offer loans ranging from 500/= when you are a first-time applicant to KES. 30,000, which is the max you get. To get the highest, you will borrow and refund in time over some time.

Tala Loan Requirements

For you to get this loan app, you ought to meet the following Tala loan requirements:
A Smartphone You cannot access Tala using a Kabambe kind of phone
Be 18 years old with a phone number
National Identification ID Number
Have a Safaricom line with MPesa activated. They send your loan to M-Pesa instantly (One you register with).
Have used your phone & transacted on M-Pesa previously.
That is basically what you require. Currently, Tala does not have access Credit records, so it does not matter whether you are recorded on CRB or not.

Tala Loan Application Procedure

We will examine the loan application procedure now that you know how Tala works.
Getting a Tala loan has never been more comfortable. The procedure takes less than five minutes and is open on your phone 24/7 with the app! As noted above, the Tala loan application process is easy; this is what you’ll require to do to apply for a loan using the Tala app:

Download the app to your smart-phone

Find the app on your phone & open it
Choose the language you are satisfied using (English or Swahili)
Make an account
Enter your phone number and PIN, then confirm your phone number
Check the amount you permit.
Follow the procedure to fill out the Tala loan application form
Apply for a tala loan
Choose the Payment program (21 days or 30 days)
Tala will send your loans but before that, make sure you conform to the terms & conditions.

How to Repay Tala

Tala offers you either 21 days or 30 days to refund your loan. At the end of these payment plans, here is how you can repay Tala.
Send the payment to the Tala Pay Bill 851900
I desire the second method, which is via the app. This is easy, letting you to know how much you can repay at any distinct time. You have to open the app, & your Tala loan credit will be available to you.
As shown above, the process is easy and can be done in just a few steps.

How to Contact Tala

There comes a some moment when you need to get in contact with Tala for one reason or the other. Here is how to contact Tala:
When using the app, you will notice a place to contact them. This is straightforward and direct.
You can text them at 21991
You can easily email them at [email protected]
The firm also has a presence on Social Media; you can contact them on Facebook or Twitter.



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