Lender
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.

2.9

TALA's application

Advertiser Disclosure

How to get money?

Applying for a Tala loan is simple and quick with the Tala mobile App.

  • Open the Tala Philippines App
  • Tap Apply button
  • Read the Tala application steps and tap Get Started to start the application
  • Fill the loan application form
  • Check interest rates
  • Check if your application is approved by tapping ViewLoan Offer.
  • Check approved loan
  • Choose a repayment date if your loan is approved
  • Tap Accept button
  • You will receive money via the payment channel selected

Requirements

To qualify for a loan, Tala requires only a proof of identification. However, the company does not require a proof of income since there is no bank account required. Besides, the company does not ask for a credit card or collateral to secure a loan.

Application Details

After submitting a request through the application process, users will get a notification of their loan application within five minutes. Tala reviews all applications and responds within few minutes of applying. Applications can be rejected in cases where customers do not include correct documentations.

FAQ

How long are applications considered?

Tala loan approval process takes about 5 minutes after you submit required documents. Once approved, you will get a message on your Tala App and mobile phone.

How long does it take to be approved by Tala?

Once your loan application is received, approval takes about 5 minutes.

How trustworthy is Tala?

Tala is a legitimate online lender offering online loans with flexible repayment plans. Tala is an SEC-registered company under the name Tala Financing Philippines Inc.

Does Tala verify income?

Tala does not verify income because no bank account is needed to qualify for a loan. Applicants only need to show proof of valid Philippines ID. Providing this information is crucial because it helps Tala to verify your loan application and determine how much to loan you.

Does the Tala loan hurt your credit score?

Tala loan offers flexible loans without hurting your credit score.

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.

2.95
Recommended FinScore™
0
300
650
1000
1000.00 – 15000.00 ₱
Rate
i

Effective interest rate on the product

to 0.50 %
Term
i

Loan term for the financial product

21 days – 1 months
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.

2.95
Recommended FinScore™
0
300
650
1000
1000.00 – 15000.00 ₱
Rate
i

Effective interest rate on the product

to 0.50 %
Term
i

Loan term for the financial product

21 days – 1 months
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500.00 – 25000.00 ₱
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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 23.05.2024
Loan amount
i

Enter the desired loan amount

PHP
PHP
1000 ₱
15000 ₱
Loan term
i

Specify the loan term for the calculation

days
months
20
61
City
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All TALA’s reviews by may 2024
Leave feedback
4
Advantages
I get Tala loan easily, choose the date to pay. I recently tried another lenders but they send me a fixed date when I must pay. Didn't know you may choose it yourself, it's great idea! Now couldcontrl my finance better. And as I understand you may use it again and again… don't have to apply again, just pay off the loan. understood how to use mobile app from the first sight. I would defenitly use Tala again! Highly recommended!
Disadvantages
No
Complain
2.6
Advantages
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account. Online service ends up in low or no fee, and no hidden fees.
Disadvantages
For the first time you can borrow only Php 1000 or 2000. Have to repay it in time to get more money. They write about Php 15,000, but you wont have it quickly. And fees and interest for a big loan is more than it is written at the main page — info said it is calculated for Php 1000 loan, not 15,000.
Complain
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
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
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
2.9
/ 5
5 reviews
Execution of an application
3.6
Support service
3.2
Mobile app
1.4
Service quality
3.4
Your satisfaction level
3.0
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