Tala Loan Review

Tala Loan

Pros and Cons of Tala Loan Philippines



Key Points 

These days, a fast and reliable online lending service can make all the difference. One such service that has been making waves in the Philippines is Tala. This innovative platform has attracted much attention for its unique approach to online lending. And after delving into the key points of Tala Loan Philippines, it is clear that this service has much to offer.

Features Details
Interest rate 15% – 15.7%
Loan Amount Maximum PHP 25,000
Loan Tenure 15 – 61 days
Approval Time Instant
Processing fee Instant – 24 hours

Full Review 

Choosing the perfect online lending platform is so important for your financial well-being. Luckily, this comprehensive loan review of Tala Loan PH will explore its unique features, benefits, and eligibility requirements. This way, you’ll have a better idea if this one’s for you or not. 

What is Tala? 

The Tala Loan Philippines app is a modern mobile application that offers affordable and easy-to-get loan options to millions of people in the Philippines. The company used to be known as InVenture and is funded by Collaborative Fund, Lowercase Capital, IVP, and other leading investors.

It’s designed for anyone struggling to get a loan through traditional banking channels because of low credit scores or not owning any collateral. Through its user-friendly interface and advanced technology, the app applies advanced algorithms to analyze your reliability based on personal information rather than your credit score.  

Company Name Tala Financing Philippines
Founder Shivani Siroya
Official Launch 2011
License number CS201710582

Loans Provided by Tala Loan

Tala Loan Philippines offers just one unsecured online loan option. This means you’re not required to provide proof of income, bank account, credit card, or collateral. 

The loan amounts range from PHP 1,000 for first-time borrowers but goes up to PHP 25,000 for second and third loan. As long as you pay off your first one on time, your initial credit limit will increase. 

This lender’s cash loan is ideal for people who lack supporting documents, as this lender asks for only one form of ID documentation.  

Best Online Loans Similar to Tala

In our table, you’ll find a handpicked selection of top-tier online loan platforms in the Philippines, mirroring the services similar to those of Tala.

Company Loan Amount (PHP) Interest Rate Loan Term
Digido 1,000 – 25,000 From 0% to 11.9% Up to 30 days
MoneyCat 500 – 20,000 Up to 11.9% per month Up to 180 days
Kviku 500 – 25,000 1.2% per month Up to 180 days
Cashspace 1000 – 25,000 1.3% per month 2 – 4 months

Interest Rate for Tala Loan

The interest rate for credit lines from this lender ranges from 15% to 15.7%. The amount you pay depends on how long you take out the online loan. For example, if you have an outstanding balance for 5 days, you’ll be charged interest only for those 5 days. 

Compared to other lenders, their interest rates are a little higher for a loan of this type. But, because they aren’t very strict, they appeal to people who need urgent funding or have a limited credit history. However, borrowers should also consider other available products in the market to find the best interest rates and terms suitable for their needs

Tala Cash Loan Requirements 

Before you apply for an online loan with Tala, you’ll need to make sure you satisfy the online loan requirements: 

Once you’ve met these basic requirements, you can begin with the registration process. It’s really simple. 

  1. Just get the app from Google Play or Apple. 
  2. During registration, you’ll need to provide your name, date of birth, address, and employment information. 
  3. The lender will also ask to access certain data on your smartphone, which will help them evaluate your ability to repay the amount you borrow.

IDs accepted by Tala Loan

As long as you have at least one of these IDs, Tala will accept your cash loan application. 

ID Type Name
Legal documents SSS ID

Drivers license 

Voter’s (COMELEC) ID Card


Postal ID

Electronic Identification National/ PhillD ID

Unified Multi-Purpose ID card

How Can You Repay a Loan With Tala Loan? 

A loan from Tala can be repaid in two ways. The first is in-store. And the second method is via their app. There are multiple methods with which you can pay through the app: via an e-wallet or through a digital bank. 

The e-wallets compatible with Tala are:  

In-store methods include: 

Repay with an e-wallet via the Tala loan app: 

  1. Log into the app and select “Make a Payment”
  2. Enter how much you want to pay
  3. You will be offered a selection of payment methods to choose from 
  4. From there, you will receive a text message containing either a payment link or a confirmation number
  5. If you select the method to repay through a banking app, you’ll receive a payment link
  6. If you wish to repay in-store, you’ll be given a reference number, which you’ll need to present to employee
  7. Make sure that you receive a confirmation text message from Tala once the loan payment has been processed 

Exclusive Features of Tala Loan

One of the exclusive features of Tala is its streamlined mobile app that makes loan applications simple. Applying for an online loan on your smartphone is as easy as tapping a few buttons on your phone. All of this without having to visit a physical branch or fill out tons of paperwork.

This accessibility means it’s more inclusive, especially for people who can’t qualify for a loan through conventional means.

Another standout feature is Tala’s flexibility when it comes to loan repayment. Essentially, you take out a cash loan and only pay for the days you borrow money. This really helps with making sure you can repay the money comfortably without being burdened by unrealistic repayment terms.

Tala Loan Customer Support 

One of the most notable aspects of Tala’s customer support is its accessibility. With numerous communication channels available, clients can easily reach out to the team via their contact number for any questions. Whether through phone, email, or social media platforms, Tala’s customer support representatives are always ready to help and provide information about their services.

Tala Loan Mobile Аpp Review 

Tala Loan Mobile Аpp Review

Both Android and iOS versions of the Tala app are available, making it widely available in the Philippines. It’s easy to navigate, even if you’re not tech-savvy, thanks to its user-friendly interface and straightforward navigation.

Tala Loan Mobile Аpp Review

The app’s design is clean and visually appealing, with a minimalist layout and intuitive icons. Another noteworthy aspect of Tala Loan PH is its top-notch security measures. To protect your personal information from potential threats, the app uses robust data encryption techniques. 

Tala Loan Mobile Аpp Review

How Does the Tala Loan App Work? 

The Tala fast cash mobile app works by providing instant credit and personalized financial education to users in Kenya, the Philippines, and Mexico. To get started: 

  1. Download the app, create an account, and then log in. You’ll need to provide personal information, including a valid ID and mobile number, as well as data from your smartphones. Tala uses this information to determine your creditworthiness using data science and mobile technology. 
  2. Once approved, you can apply for a loan of up to PHP 25,000 without needing income proof or collateral.
  3. The loan application process takes only five minutes, and upon approval, you can choose how long you want to keep the loan.
  4. Your money will be transferred to whatever e-wallet you use, your bank account, or the nearest Padala center.
  5. You can repay your loan through various payment methods, such as GCash, 7-Eleven, and Cebuana Lhuillier. 

With on-time loan repayments, you can potentially double your initial credit limit in just a few months. 

How Do I Create a Tala Loan Account? 

To create an account on the Tala fast cash mobile app, you’ll first need to download the app from your country’s app store. Once installed, open it and go through these steps:

  1. Provide your mobile number: Tala accepts Philippine resident citizens who are 18 years and older with a mobile number.
  2. Verify your mobile number: You’ll get an SMS verification code. Enter this code in the app to confirm your number.
  3. Complete the registration process: Fill in the information requirements, including your name, date of birth, and at least one valid ID.
  4. Grant the necessary permissions: Before you log in, the app might request access to your smartphone data to determine your creditworthiness. 

Who Does Tala Loan Suit Better? 

If you don’t have good credit and prefer a small and short-term loan, a loan from Tala may well be your best option. This includes entrepreneurs or small business owners, freelancers, and low-income earners. 

Since the approval process is primarily based on your potential to repay the loan rather than your credit history, it opens up the chance to get financial assistance without the hassle of a bank loan request.

They’re also ideal if you need to pay urgent bills, do home repairs or fund a small business venture. With its user-friendly mobile app and fast loan funding, Tala will help you get peace of mind in a matter of minutes.


Tala is a fully licensed and regulated financial institution that operates under the guidelines set by the Securities and Exchange Commission (SEC). This means that Tala is legit with fair, transparent, and secure financial services. 

Tala lets its customers repay their loan early. In fact, early repayment can be an excellent strategy. If you pay in advance and on time, Tala will increase your initial credit limit. 

To start, open the Tala PH app. Then find the profile menu in the top-left corner of the screen. From there, you can update your personal information, such as address or contact number, by tapping the respective fields. Don’t forget to save your changes before exiting.

Even people with no credit history can easily access a loan through Tala. All you need is a valid government ID and a smartphone to download their app. After providing your personal information and completing the quick online form, Tala PH’s advanced technology assesses your creditworthiness. Make sure to be honest and accurate when filling in your details, as this will increase your chances of approval.

Tala has a very decent loan limit considering their relaxed approval process. The most they offer is PHP 25,000. Bear in mind that first-time borrowers are unlikely to receive this much for their first loan. Tala will likely increase the loan amount if you make your payments on time.

Tala Competitors

Company Loan Amount (PHP) Interest Rate Loan Term Our Review
Digido 1,000 – 25,000 From 0% to 11.9% Up to 30 days Read Digido Review
MoneyCat 500 – 20,000 Up to 11.9% per month Up to 180 days Read MoneyCat Review
CashMart 3,000 – 150,000 From 0,8% to 3,5% Up to 6 months for new loan Read CashMart Review
EasyCash 5,000 – 25,000 0,33%-1% From 1 to 300 days Read EasyCash Review
Crezu 1,000 – 25,000 From 1.5% per month to 30% per year From 3 to 12 months Read Crezu Review
CashMe 2,000 – 20,000 0,08% per day Up to 3 months Read CashMe Review
Blend 50000 – 2 million From 1,5% to 3% monthly Up to 36 months Read Blend Review
Binixo 2000 – 30000 1% per day From 7 days to 30 days Read Binixo Review
Asteria Lending Inc 2000 – 50000 0.2% per day From 30 days to 120 days Read Asteria Review
Loanmoto 1,000 – 12,000 4% – 6% per month Read Loanmoto Review
Finbro 1,000 – 50,000 0.5% – 1.25% per day Up to 12 months Read Finbro Review
Kviku 500 – 25,000 1.2% per month Up to 180 days Read Kviku Review
Binixo 2000 – 30000 1% per day From 7 days to 30 days Read Binixo Review
PesoQ 5,000 – 20,000 4% – 6% per month 91 – 365 days Read PesoQ Review
GCash 5,000 – 25,000 From 3% to 15% From 15 to 90 days Read GCash Review
CashBee 2,000 – 20,000 0,3% daily From 30 to 120 days Read CashBee Review
Revi Credit Philippines 1000 – 250,000 1% – 5% From 6 to 36 months Read Revi Credit Review
OKPeso Up to 24% From 96 to 365 days Read OKPeso Review
Vamo 1,000 – 30,000 From 1,3% From 10 to 3000 days Read Vamo Review
Flexi Finance Up to 25,000 From 365 to 1460 days Read Flexi Finance Review
JuanHand Up to 50,000 14.7% per month From 14 to 90 days Read JuanHand Review
Moca Moca 2,000 – 35,000 0.83% per month From 180 to 365 days Read Moca Moca Review
RoboCash 1,000 – 25,000 From 0% to 11.9% Up to 30 days Read RoboCash Review
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