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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.7

TALA

Advertiser Disclosure

About lender

Tala is a trusted financial partner providing instant scoring and lending services, among other personalized financial services in the Philippines. The company offers a convenient mobile application for current devices that provides 24/7 financial assistance to its users. Tala is a licensed personal cash loan lending platform in the Philippines specializing in mobile technologies and providing financial services to firms in developing markets via a credit rating and reporting platform.

The company offers quick loans through a smartphone app that manages the whole process, from loan application to cash release and status monitoring. It enables Filipinos with an Android phone to easily get a cash loan regardless of their credit background.

To get a loan from the online lending platform, download Tala Philippines app, go through the application process, wait for about five minutes, and use the urgent crediting services available 24 hours a day. After activation, online loans are available within a few minutes.

Pros and cons

Tala enables users to get secure, inexpensive, and timely peso loans. You may borrow money and apply for fast cash loans with the personal loan app to suit your financial lending demands. You may use Tala Philippines to borrow money at a low interest rate.

Pros

  • Easy to use
  • Fast loan processing
  • Flexible loan terms
  • Secure loan
  • Easy payment schedules
  • Responsive customer care
  • No collateral required
  • Low processing fee

Cons

  • High penalties for defaulting
  • Can encourage impulse buying
  • Late payment fees are high

Loan conditions

Conditions for the first loan

Tala can approve or reject loan applications within minutes. The good thing is that even individuals with poor credit history can apply for Tala loans and get money within a few minutes. The flexible qualification requirements make Tala loans suitable for millions of borrowers who cannot access loans from other lenders with stringent requirements. Tala loans start from ₱2,000 for qualified first-time borrowers.

Conditions for following loans

While the first loan amount you can borrow is small, making timely payment and applying for Tala loans frequently can enable you to get higher loan amount of up to ₱15,000 for your next loan.

According to Tala, the majority of borrowers may get twice or even three times their loan limit in a couple of months.

Methods of a loan funding

Once approved for a Tala loan, borrowers may request the funds to be placed into their bank account and transferred to their Coins.ph wallet or claimed at the local remittance center (Cebuana Lhuillier, M Lhuillier, or Palawan Express Pera Padala). Tala charges a flat service fee of 5-14% for 21-day loan and 7-19% for 30-day loans.

Borrowers in need of emergency cash can cash out using Cebuana because it is the quickest cash-out option. Cebuana releases Tala loan funds within an hour.

TALA

FAQ

What is Tala?

Tala is a legitimate online lender registered with the Securities and Exchange Commission as Tala Financing Philippines Inc. The loan lending company offers quick cash loans to borrowers in Philippines.

Tala provides instant loans through the Tala loan app. Users can follow the easy process of loan application to get a loan. The company ensures that borrowers get a loan anytime and anywhere regardless of their credit history.

Who owns Tala?

Tala was founded in 2011 by Shivani Siroya, who is the owner and chief executive officer, to offer borrowers instant credit scores, especially in underdeveloped countries like Philippines, Kenya, and India.

How do you qualify for a Tala loan?

Anybody in Philippines can apply for Tala loans. To qualify for a loan, you must be at least 18 years old. Tala does not require a proof of income, bank account, credit card, or collateral to secure a loan. Only a valid ID is needed to qualify for a TALA loan.

 Tala accepts the following as valid IDs:

  • National ID

  • Driver’s license

  • Passport

  • Postal ID

  • PRC ID

  • UMID/SSS ID

  • Voter’s ID

How much can you borrow from Tala?

Tala loans start from ₱2,000 for qualified first-time borrowers.

Is Tala a legitimate company?

Tala is a genuine and trustworthy lender offering online shopping loans with flexible repayment plans. It is an SEC-registered company operating in the Philippines and other countries.

We're a global technology company building the world's most accessible financial services.

© Tala Financing Philippines Inc.

TALA available areas

  • Ilocos Region
  • Cagayan Valley
  • Central Luzon
  • CALABARZON
  • MIMAROPA Region
  • Bicol Region
  • Western Visayas
  • Central Visayas
  • Eastern Visayas
  • Zamboanga Peninsula
  • Northern Mindanao
  • Davao Region
  • SOCCSKSARGEN
  • Caraga
  • National Capital Region
  • Cordillera Administrative Region
TALA available areas

Financial products

TALA
Tala Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.6
Recommended FinScore™
0
300
650
1000
₱15,000
Rate
i

Effective interest rate on the product

0.5%
Term
i

Loan term for the financial product

61 days
TALA
Tala Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.6
Recommended FinScore™
0
300
650
1000
₱15,000
Rate
i

Effective interest rate on the product

0.5%
Term
i

Loan term for the financial product

61 days

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TALA loans calculator

Calculate loan payments in TALA. Loans calculator will allow you to calculate an approximate payment schedule for the loan

TALA calculator
Interest rates are given in accordance with the rates of the TALA in Manila as of 30.11.2022
Loan amount
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PHP
1000 ₱
15000 ₱
Loan term
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days
months
20
61
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What to pay attention to when applying for a loan at TALA?

Recommendations

What distinguishes TALA from a bank:

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All TALA’s reviews by november 2022
Leave feedback
2 reviews
Tala Loan Next
3.2
Advantages
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Disadvantages
They start to send me ad and offers like… everyday. It is too much out of control.
Complain
1 reviews
2.8
Advantages
Fast service. They say you could get money within few minutes after open the account and this is true.
Disadvantages
Mobile app is slow and clumsy. I can log in to my account, but can't use it. Smts it get me out from the acount or app. It is hard to do anythin, you'll be lucky if you can
Complain
1 reviews
Tala Loan Next
2
Advantages
It was easy to sign in. That all!!!!!!
Disadvantages
Customer service is absolutely useless. I tryed to write and call. At first they ignored me, than I got an answer but it doesn't help me. My money has stuck somewhere: I can't see it on my account. They tell me to wait! Another manager said that I should repeat the operation. But nothing happens!!! Next manager said that he will ask his boss and lift the phone. It's the horrible service ever.
Complain
Overall company rating
2.7
/ 5
3 reviews
Execution of an application
3.7
Support service
2.7
Mobile app
1.0
Service quality
3.3
Your satisfaction level
2.7

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