The application for consumer lending. Anyone who has an Android smartphone on the market can apply for a loan and get an instant solution, regardless of their financial history. They provide fast, personalized loans to approved borrowers and help clients eventually create a digital credit history or financial identity.Visit site
Not everyone is able to take a loan from a bank. Tala offers its own system of obtaining a loan in the Philippines. Every citizen of a country who has an Android-based phone can download the company’s official application and apply for a loan. In the app, the user selects the amount of the loan, as well as the period of payment of money. The main difference of the service from competitors is a quick decision of the bank to issue a loan.
Tala does not pay attention to its client’s previous credit history. However, when downloading the application, the user is asked for permission to control the geodata, as well as to exchange information. This process allows you to identify non-creditworthy citizens. Tala selects only those data that does not affect a person’s personal life.
One-time service fee:
– 11.4% plus applicable taxes for loans with a term of 21 days
– 15.2% plus applicable taxes for loans with a term of 30 days
Minimum loan amount: 1 000 PHP
Maximum loan amount: 15 000 PHP
Payment terms: 21 – 30 days
Approval time: 1 hour
– At least 18 years old at the time of application
– Must be a Filipino Citizen
– an Android phone
– 1 valid ID are needed to apply for a loan
No bank account required. Tala also does not require collateral.
To apply for a loan, you need to download the Tala app on your Android phone. You can find it on Google Play under the name “Note Philippines”. The company does not require the provision of a current account or collateral. You can get a loan at any convenient time of day, regardless of holidays and weekends.
Tala has advantages that differentiate a company from its competitors.
When considering a loan application, Tala only looks at the information about the client’s solvency. In most banks, the gender of the borrower plays an important role. The Philippine company refused to divide bank customers into men and women.
The service tries to fairly assess the client’s capabilities and select the optimal conditions for the payment of funds. When evaluating a person, the company does not take into account the client’s personal life, his views, as well as his religious faith.
To receive money, it is enough to perform 4 steps.
Tala accepts loan repayments only using the following services:
When the funds are returned, the client will be sent a payment link to the number specified during registration in the app. If the contact information has been changed or the link has been lost, then it’s necessary to contact the technical support service. After the appeal, the client will be given a new link to his current number.
The borrower also has the right to pay the entire amount at once or in several installments. Early repayment improves the credit history and increases the likelihood of issuing a new loan with a larger amount. In case of missing a payment, a penalty of 8% of the total debt to the service is charged on the client’s debt. It will also affect the digital credit history, so the company will not be able to approve a new loan in the future.
There are no offline branches of the company. The customer can contact customer support from Monday to Friday, from 8:00 to 18:00.
|Min. financing amount||₱1000|
|Max. financing amount||Up to ₱15000|
|Min. loan tenure||21 days|
|Max. loan tenure||30 days|
|Interest rate per day||0.5% - 0.5%|
|Approval duration||Up to 24 hours|
|TERM||21 days||22 days||23 days||24 days||30 days|
|FEE PER DAY||0.5%||0.5%||0.5%||0.5%||0.5%|
|One time setup|
|Processing fee||PHP 750|
|Disbursement & misc. fee||N/A|
|Other fees||8% for overdue outstanding balance|
|Early settlement||no information|
|Late payment charges||PHP 400|
|Other penalties||no information|
|Need to open linked banked account?||Yes|
Download Tala Philippines on Google Play. Register using your mobile number; fill in your profile with the necessary personal, work and bank details (for verification and payment); and click apply!Send an application
If you are a new customer, you must receive a credit decision within one banking day after applying. For regular customers, you can make a loan decision faster, since most of your information has already been verified.Send an application
You will receive a system generated SMS advice on the status of applicationSend an application
You can choose to receive funds from Padala centers (Cebuana, Palawan, M Lhuillier & LBC), your own Bank account or app Coins.ph.Send an application
Yes, you can repay the loan ahead of schedule. Although there will be no deductions from your current payment, there will be other benefits such as a good credit rating and discounts for future loans.Send an application
You do not require any security or guarantor to apply for an Online loan.Send an application
The longest loan period is 30 days.Send an application
|Full company name||TALA FINANCING PHILIPPINES INC|
|Phone number||no phone|
I want to thank Tala for taking the time to approve me with out having a problem and they also refinanced my loan.
TOTALLY AWESOME!!! Tala was a life saver with helping me catch up the rent. The monthly payment is less than half I wish I'd know about Tala sooner, I don't even want to think about how much money they could've saved me over the past year! The customer service reps were great and I love the fact that, after you make your menu selection, you get a real live person! Keep it up!!