Tala loan app is a digital lending app that allows you to access credit on your mobile phone. Today I am going to show you how to download Tala app and access a loan straight to your Mpesa from Tala loan app.
I remember in the past if your parents needed a loan from the bank, the entire family will visit the bank. There was a day specifically set for the bank. Gone are those days.
With the advancement in technology, accessing a loan is now as easy as 1.2.3. All you have to do is have a mobile phone and access to the internet (or not) and you get a loan. Did I mention without security?
Here is how you can access a loan on your phone thanks to Tala.
Let’s get started…
What is Tala Mobile?
Tala mobile was formerly known as Mkopo Rahisi, the loan app belongs to a California-based company now operating in Kenya under company Inventure Access which not only serves Kenya but several other countries including Mexico, Tanzania, Philippines, and India.
It was among the first loan apps in Kenya to offer mobile loans without security.
Tala Mobile Loan App is one of the most popular apps in Kenya. Many people, though, do not know how they can access loans on Tala.
How to use Tala App
Before you can apply for loans from Tala, you must download the Tala app and register as a customer. Here is how it works.
- When you download the app to your phone, you will have to complete the registration process. Where I must insist, you provide accurate information as this will help in the loan approval process.
- After completing the registration process, you can go ahead and apply for a loan and if eligible, Tala will show you how much they can offer you. The least you can get is 500 shillings and the maximum is 30,000 shillings. You will not get 30K the first time you apply for the loan but after using the app for a while and repaying your loans on time.
- Tala claims that they don’t charge interests on their loans but rather take a service fee. The fee is calculated based on the duration which you chose to repay i.e 21 days and 30 days.
- That’s basically how Tala works. So let’s see how to download for different mobile phone users.
Also check: Branch loan app
Tala loan app download for android
Follow the following steps for Tala loan app download and install the Tala app on your android based mobile phone:
- If on android phone, visit The Google Play Store
- Check the reviews, you will see all the good reviews about this App.
- Download the Tala App and it will install on your phone automatically. You are now ready to start using Tala Loan App.
Kindly note: Tala is not currently available for ios.
How to register on Tala app
- Once you complete the download, open the app and you will be asked to Link your mobile number.
- The number will be verified and will register you automatically
- Tala will check for information about you on your phone. This information is from your SMS to see how you transact M-Pesa, your income, and other information. It also uses your CRB Status to determine your credit score.
- You are registered and now have a Tala account.
After registration, the app will collect some data in your mobile device which among other information will be used to calculate your creditworthiness and come up with a loan limit and interest rate for you.
How to borrow from Tala
Follow the following steps to apply for a loan from Tala:
- Open the app
- Log in with your Tala PIN
- Select Apply
- Fill in the few details required
- You’ll get a loan limit
- Select the amount you wish to borrow
- Select the duration of the loan before repayment
- Accept Terms and Submit
- The money will be sent immediately to your Mpesa number which you registered with on Tala App.
How to Repay Tala loan
When repaying, always remember the account number is your phone number and Tala pay bill number is 851900. You can also go the App and repay from there which I find it is easier compared to the M-Pesa procedure.
That is it, I hope you get the loan you are looking for and your financials get sorted. Here is a short video of the entire process.
