Trusted by millions, Tala offers flexible credit to build your financial future. Borrow up to KSh 30,000 in minutes and grow your loan limit fast. You have ultimate control with Tala.
Loan Features
✔ No paperwork, collateral, or bank account needed
✔ Only 1 ID needed
✔ Up to 60 days to repay
✔ 2X your credit limits
✔ Rates as low as 0.3% per day
How The Loan App Works
• Apply in Mins
Download the app and answer a few simple questions so we can give you a customized credit offer.
• Choose your Terms
Confirm your desired amount and select your target repayment date.
• Get your Cash
Funds sent directly to your MPESA.
• Repay Easily
Use M-PESA Xpress or our Paybill number 851900 and the phone number you signed up with. You can pay in full or make partial payments anytime, on or before your due date.
• Borrow Again
After repaying, answer a few short questions to receive your next round of funds.
Loan Application Eligibility
✔️ Any resident citizen of Kenya 18+ years old
✔️ Eligible persons holding valid ID and a mobile number
Tala App Highlights
ULTIMATE CONTROL
• Choose to borrow for up to 60 days
• If your plans change, the cost of your line of credit will automatically adjust
• No auto-debit – guaranteed! You decide when you are ready to repay
NO HIDDEN FEES
• Daily interest rate as low as of 0.3% (that is only KSh 6 per day for borrowing Ksh 2000)
• Only pay for days you need
• No access charges
FAST LIMIT GROWTH
• Limits up to KSh 30,000
• Fastest limit growth in the industry
• Most customers double limits in months
REPEAT ACCESS
• Pay back what you owe in full & borrow again immediately (some exclusions apply)
• Answer a few questions in the app and you are set
SECURE
• Tala secures your personal information with SSL encryption
• We pride ourselves in treating customers with respect, even if you are late on repayment
REWARDING
• Earn KSh 500 off the next time you borrow when you refer friends to Tala*
Loan Interest Rates And Calculations
• Credit limit amounts: KSh 1,000 to KSh 30,000
• Daily interest rate: 0.3%-0.6% plus 20% excise tax on your daily interest
• Maximum Annual Percentage Rate (APR): 109.50% – 219.00%
• Late payment interest: 8% of outstanding amount due plus 20% excise tax on that 8%
You will need to repay your credit amount in full no later than 60 days after disbursement to avoid a late payment charge.
• Example Interest: For a borrower who receives KSh 4,000 and repays after 60 days, they would owe interest of 18% (or KSh 720) and excise tax of 20% of interest (or KSh 144), and so a total payment of KSh 4,864
• KSh 4,000 (borrowed amount) + KSh 720 (interest)+ KSh 144 (excise tax) = KSh 4,864 (total payment)
You will have continuous access to cash if you clear your outstanding balance and keep your Tala relationship in good standing (some exclusions apply). Always study the terms and conditions and the disclosure statements before proceeding with any transaction.
Contacts
Email: [email protected]
Website: tala.co.ke
You can learn more about loan apps in Kenya on this website
