Tala Loan App: Download and Apply for Line of Credit Loans Kenya

Tala loan app logo
Tala loan app logo

What is Tala Loan App? Tala is a Line Of Credit (LOC) app which gives access to short term personal loans to customers in Kenya.

This is the new and correct definition of the loan app after the launch of line of credit services.


I have used Tala myself for years and in this article I will share purely what I know about the lender.

Below is a summary of Tala line of credit app loan features and details for tour perusal.

If you're in Philippines check Tala Philippines here

Read: More mobile loan apps in Kenya

A summary of Tala Loan App Details and Features.

Tala Loan App Details Description
App Name Tala
Company Tala Mobile
Year Launched 2014
Countries Present Kenya, Tanzania, Mexico,India, Philippines
Rated 4.4 stars out of 5
Loan Limits KES 1,000 - KES 50,000
Interest Rates 4% - 34% per month
APR 78.21% - 273.75% per year
Late fees 8% one time
Loan Tenure 30days (extend to 61 days)
SMS/Code 21991
M-PESA paybill number 851900
Referral Program Yes
Email hellokenya@talamobile.com
Facebook Talakenya
Website Tala.co.ke

Tala loan app video

If you like the video version of this article watch everything about Tala loan app from Loans vLog YouTube channel

Now that you've gone through the features of the app, in this article let me now share even more details and my experience with Tala;

Tala loans 

Tala loans range from 1000 to 50,000. Now being a line of credit, a customer is allowed to take any amounts till the allocated limit gets exhausted within 30 days. 

Can one take more than one loan from Tala? Yes. That's why it's a Line Of Credit (LOC).

Not everyone gets the same loan limit. One customer can get first time tala loan of 5000 while another can get a loan limit of 1000.

The majority however,get a loan limit of 1000 as tala first loan. 

What's the Tala interest rate then? Tala loans have an interest rate of 4% to 34%.

A customer with a good credit score will get a low interest rate while a risky customer will be charged a high interest rate.

Tala loan Eligibility

To be eligible,one must meet the following requirements; 
  • Be a Kenyan citizen
  • Be 18 years or above
  • Have an Android smartphone
  • Have an M-PESA account
  • Have good credit score (not CRB blacklisted)

How to apply for tala loans

Now if you meet the above requirements,you can consider applying for a Tala loan.

To apply for a loan you must have the Tala app installed in your smartphone.

Tala loan app download for Android 

To get the latest Tala loan app version for free, you must go to Google play store.

From there, search for Tala, identify the app and install it. You can download Tala loan app  from here.

Some customers choose to search for Tala loan app APK files online for example from apkpure. It's another way to get the app but it's not recommended.

This information here is for Tala customers who are using android smartphones.

Tala loan app download for iPhone

If you're using an iPhone, iPad or any other iOS device, it's unfortunate, because at the moment there is no Tala loan app download version for iPhone.

Tala USSD loans.

You can still apply for tala loans via USSD code*846#. This USSD Code is only available to existing customers to access their accounts. 

Tala SMS loans

Tala SMS number is 21991 but it's not used to apply for loans. It's a communication SMS number for customers to get help from customer care. 

How to withdraw Tala loans

Tala loans are disbursed directly to the borrower's M-Pesa account. The customer can then visit any nearest M-Pesa agent and ask to withdraw the money.

The good side of Tala is that the lender allows you the customer to put the money into any use as preferred by you.

Many take tala loans as working capital - to grow their businesses.

I used to do the same too.

Pay Tala loans.

Loan payment is done within 30 days (1 month).

A customer can choose to pay the whole loan amount due at once or pay partially. 

My experience with Tala.

I tried Tala and I can confirm that the lender is a good and reliable one.
 I used to get up to a loan limit of 30,000 before stopping to use the service.

Now let look at the experience of others to Tala.

Tala loan app reviews
Tala has a rating of 4.5 out of 5 stars rated by over 450,000. 

This rating shows that Tala loan app is good to many ,not me alone.
Tala reviews screenshot


Is Tala Legit

Yes. Tala is a legit lender licensed in Kenya by the Central Bank as a digital credit provider.

Tala Contacts 

Here are Tala customer care contacts;
Email: hellokenya@talamobile.com
SMS: 21991

Tala Related Articles 

  1. How to repay Tala loan
  2. How to contact Tala customer care
  3. How to unblock Tala account

Conclusion 

Tala loan app is a recommended able finance app for people to consider whenever in financial emergency needs.

However,just like any short term loans, a customer needs to be more careful and make early loan payments to avoid damaging his or her credit scores.
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Comments

(9)
  1. Tala is good when it comes to issuing loans to the common mwananchi. The only thing they should work on is their interest rates. They are a bit higher compared to other loan apps.

    ReplyDelete
    Replies
    1. I applied for loan yesterday and finished the process up to now no response,am not happy

      Delete
    2. My loan can't reach from yesterday

      Delete
  2. Where is my loan of yesterday

    ReplyDelete

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